Hudson Redevelopment Commission

 

January 24, 2011

 

 

The Hudson Redevelopment Commission met in the Hudson Town Hall on January 24, 2011. The President Kathy Kope called the meeting to order at 6:30 pm. Kathy Kope motioned that the minutes of the previous meeting be approved, seconded by Brian Hayes. Motion carried.

 

Those in attendance were: Steve Smith, Brian Hayes, Bill Ebert, Gary Kope, Ed Miller, Jamie McClintock, Tatsy Hayes, and Ward Odom.

 

At the end of 2010, the Redevelopment Commission had total debt of $ 162,365.25 which is being repaid at the rate of $ 26,000 per year. Additionally, there is a payment to the developer of the Family Dollar store of $ 8,000 per year. There are 2 more payments remaining. The ending balance for the year 2010 was $44,024.92.  The combined debt payments are $ 34,000 per year and existing funds and future property taxes from the TIF District will be sufficient to meet the requirements.

 

The Hudson Redevelopment Commission completed one new activity, this being the construction and lease of a new Dollar General, just east of and abutting the existing Family Dollar. There are no long term expenses with this new business, as all bills were paid in the past year. The expense was extending the water and wastewater lines through that property to prevent from becoming landlocked.

 

President Kathy Kope presented the annual report to the Town Council concerning the status of the TIF District at the close of 2010.  The letter was signed and will be presented at the council meeting.

 

B. Hayes motioned that the present officers and board be reelected to serve for 2011.  Brian Hayes seconded this motion.  The motion carried.

 

                             President           Kathy Kope, Town Council

                            Vice-President        Steven Smith, Town Council

                                                     Brian Hayes, Town Council                                                                                                          Jamie McClintock       

                                                              Atta “Tatsy” Hayes, Clerk Treasurer

                                                              Ward Odom, Town Manager

 

Having no further business, B. Hayes motioned, seconded by S. Smith to adjourn the meeting.  Meeting adjourned at 6:40 pm.

 

Respectfully submitted,

 

 

Atta “Tatsy” Hayes

Clerk-Treasurer

 

 

Minutes approved by

President Kathy Kope