MOUNT AIRY, NORTH CAROLINA CLOSED SESSION September 2, 2021  MEMBERS PRESENT: Mayor Ron Niland, Commissioners Jon Cawley, Tom Koch, Marie  Wood, and Steve Yokeley  OTHERS PRESENT: Todd' Tucker and Martin Collins  APPROVALOF AGENDA: CLOSEDSESSION:  On motion by Commissioner Wood and passed unanimously, the agenda was approved.  a) Pursuant to N06185-318.10)6) Economic Development  Todd Tucker mentioned that there are two developers intérested in the 3.55 acre site at Piedmont Triad West Corporate Park. They have interest'in developing a small multitenant spec building in the range ofl 10,000-15,000 square feet. The site is listed forsale at $156,816. The first developer is Piedmont Group out of Hickory, NC. They propose to construct a building in the range of 10,000-15,000 sf expandable by another:5,000-10,000 sf. They are requesting the City gift them the land as well as forgive the water and sewer taps. The second developer is BayFront Development out of Pilot Mountain, NC. Their offer is an option on the site for 270 days for due diligence and marketing. At the end of that period, they would purchase the site for $46,150. They propose to construct a 10,000-15,000 sf building with the ability to expand another 5,000-10,000 sf. During the 270 day period, the City can still market the site and sell it should an offer come in, BayFront Development will Mayor Niland stated he thinks city should retain the right if it changes hands, city gets Jon Cawley ask is there any chance of Piedmont purchase the 6-acre site and make the 3 acre site a part ofthat deal. I would like for Bayfront toj pay more on backend. Mayor Niland stated Bayfront pay certain dollar amount up front and when building is sold the city gets certain amount on backend. Stated build spec building and sell. Commissioner Marie Wood stated she likes idea of getting $40,000 up front and then seeing Commissioner Steve Yokeley states I would like to get our $121,000 out ofit. Said we need Todd Tucker stated we need to start at $50,000 and expand to $75,000 at the 6-acre site. On the Bayfront option, we can ask for $40,000 on front end and to get up to $121,000 on the  be notified. $121,000 back.  what we can get on backend.  to start looking at building a shell building.  back end.  1    Mayor Niland stated come back with proposal and began work on the 6-acre site. Give 8 Consensus: Todd Tucker is to bring back a proposal to the Board and begin looking at  years (ifle leased) to get the full $121,000.  working on the 6-acre site.  ECONOMICI DEVELOPMENT UPDATES:  Todd Tucker -Updates: Sonic is under contract, another fast food restaurant. Sagebrush is under contract. Burke sold both buildings downtown. Frank Fleming bought old Winn Dixie  building and is going to put in an Auto Body Shop. b) Pursuant to NOGS149-318.11()0) Personnel: The Board discussed a personnel issue relating to the City  OPENSESSION: session.  On motion by Commissioner Koch and passed unanimously,t the  entered back into open  -  These minutes are sealed until the transaction consummates or terminates. Approved and adopted this the 3rd day of February,2022.  E  2