The Culver Town Council members reviewed a proposed contract with the Marshall County Economic Development Corporation this week.
The town council members discussed the terms of the contract in a work session prior to their regular meeting where they looked at the deliverables in an addendum as the Culver Redevelopment Commission’s (CRC) portion of the contract. The town’s contribution is $10,000.
Previously, CRC President and Town Council member Rich West said in 2019 those deliverables included a micro loan program which resulted in the CRC’s higher contribution of $17,000. The contract was lowered to $10,000 for 2020 with a major deliverable being a planning process to implement the recruitment of a technology or knowledge-based industry in Culver and personnel to staff that company. The expectation is that a plan will be produced in the spring with the execution of the recruitment throughout the rest of the year.
Since that conversation, West said a stipulation would be added that the town would be able to review audited financial reports to comply with the State Board of Accounts.
The specific deliverables will be discussed between MCEDC and the town in future meetings.
The Culver Town Council members approved the contract with Council President Ginny Bess Munroe abstaining from the vote. The remaining council members provided a favorable vote.
