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File #: 2022-234    Version: 1 Name:
Type: Agreement Status: Committee Forwarded Without Recommendation
File created: 5/10/2022 In control: City Council
On agenda: 5/12/2022 Final action: 5/16/2022
Title: Public Hearing - Metal Works of High Point - Performance Based Incentives - High Point Economic Development (EDC) City Council is requested to authorize performance-based incentives for Metal Works of High Point in the amount of $75,000 and authorize the City Manager to execute a performance agreement with the company containing benchmarks for the company to achieve and a schedule for the payment of such financial incentives.
Attachments: 1. 13. Public Hearing – Metal Works of High Point - Performance Based Incentives – High Point Economic Development (EDC)

Title

Public Hearing - Metal Works of High Point - Performance Based Incentives - High Point Economic Development (EDC)

City Council is requested to authorize performance-based incentives for Metal Works of High Point in the amount of $75,000 and authorize the City Manager to execute a performance agreement with the company containing benchmarks for the company to achieve and a schedule for the payment of such financial incentives.

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