MOUNT AIRY, NORTH CAROLINA CLOSED SESSION October 7, 2021 MEMBERS PRESENT: Mayor Ron Niland, Commissioners Jon Cawley, Tom Koch, Marie Wood, Steve Yokeley and Joe Zalescik OTHERS PRESENT: Martin Collins APPROVALOF AGENDA: APPROVALOF MINUTES: and it was approved unanimously. CLOSED SESSION: On motion by Commissioner Wood and passed unanimously, the agenda was approved. Commissioner Koch made a motion to approve the January 28, 2021 Closed Session Minutes - - 2 - a) Pursuant to NCGS 143-318.11(a)(4) Economic Deyelopment Northern Regional Hospital Grant Opportunity: Martin Collins explained that the Hospital has asked the City tomake application for a NC Rural Health Building Reuse Grant through the NC Dept. of Commerce to aid in the construction of a 25,000 square foot medical office building. This will be a $13.5 million project and will create 50 jobs. They grant is up to $500,000 for the construction with a local government match of 5% ($25,000). If they don't create the 50 jobs, they are subject to a $200,000 clawback. The City would be responsible for managing the grant funds. Consensus: Staffis to move forward with the application for the grant. OPENSESSION: unanimously. Commissioner Koch made a motion to enter back into open session and it was approved These minutes are sealed until the transaction consummates or terminates. Approved and adopted this the 3rd day of February, 2022. 1