I. Call to Order- Honorable David Britt, Chairman

Honorable Frank Nutt, Member

Honorable Ken Huckaby, Member

II.

1. Mr. Bill Workman, SC Vice President of Operations, Piedmont Natural Gas, and Carter Smith to address the Economic Development Committee with a proposal to establish a multi-county industrial park and the Spartanburg/Cherokee Industrial Development Corporation.

1. Receive information and take desired action in reference to a proposed Ordinance for the purpose of establishing the Spartanburg/Cherokee Industrial Development Corporation, stating its purposes and appointing the members to the Board of Directors of the Spartanburg/Cherokee Industrial Development Corporation. (Render first reading)
2. Receive information and take desired action in reference to a jointly owned and operated industrial/business park in conjunction with Cherokee County, such industrial/business park to be geographically located in Cherokee and Spartanburg Counties, and established pursuant to SC Code of Laws 1976, section 4-1-170, et seq., as amended; to provide for a written agreement with Cherokee County providing for the expenses of the park, the percentage of revenue application, and the distribution of fees in lieu of taxes to the counties relevant taxing entities; and to provide that jobs tax credits allowed by law be provided for industries locating in said park, and to permit a user fee in lieu of ad valorem taxation. (render first reading).

1. Receive information and take desired action in reference to an Ordinance consenting to the assignment in part to Teijin Monofilament US, Inc., a Delaware Corporation, of that certain lease, agreement between Spartanburg County, SC, and Hoechst Celanese Corporation, dated December 1, 1989, as amended, and that certain lease agreement between Spartanburg County, SC, and Hoechst Celanese Corporation, dated December 1, 1995, as amended, and that certain lease agreement between Spartanburg County, SC, and Hoechst Celanese Corporation, dated December 1, 1996, as amended, all pursuant to the terms of the respective lease agreements; and other matters related there to. (render first reading; representatives to appear at Committee Meeting)
2. Receive information and take desired action in reference to an Ordinance approving the granting of an amended and restated mortgage on the real and personal property subject to the lease agreement dated October 1, 1998, between Spartanburg County, SC, and Spartanburg Stainless, Inc., and Spartanburg Automotive, Inc., and the execution and delivery of such an amended and restated mortgage on such property to Comerca Bank.
3. Receive information and take desired action in reference to a Resolution authorizing the execution and delivery of an inducement agreement by and between Spartanburg County, SC, and Premier Roof Systems, LLC, whereby, under certain conditions, Spartanburg County will execute a lease agreement for a project involving not less than Ten Million Dollars ($10,000,000) investment.

III. Adjourn