Notice is hereby given pursuant to N.C. Gen. Stat. 158-7.1 that the Transylvania County Board of Commissioners will hold a public hearing at a regular meeting on November 27, 2017 at 7:00 p.m., or as soon thereafter as the Board can consider, to receive public input on a proposed incentive grant to Ellis Mountain Management, LLC also known as Project Aiken. Ellis Mountain Management, LLC is a business entity considering the renovation and reopening of an existing, historic property located in unincorporated Transylvania County known as the Greystone Inn.
Under the project as proposed, the direct public benefits to be derived from the capital project include a total taxable investment by the company of at least $1,200,000 in real property improvements. The project as proposed would also result in the creation of 41 new jobs through 2022, at an average annual wage of $30,727, plus benefits. The contemplative incentives would last for a period not to exceed 4 years. Based on the investment in real property improvements, the number of new employees, and the Board’s incentive guidelines the maximum amount of incentives to be considered in this grant over the total period would be valued at $17,169.60. The transaction will be detailed at the public hearing on November 27, 2017.
In addition to holding the public hearing, at this meeting the Board may approve the making of the grants as described above, or as amended, and may approve and enter into, or authorize the County to enter into, one or more economic development agreements with respect to the project.
If approved, the grants would be funded through the County’s general funds. The hearing will be held during a regular meeting of the Board of Commissioners at 7:00 p.m. on Monday, November 27, 2017 in Commissioners’ Chambers at the County Administration Building located at 101 S. Broad Street, Brevard, NC. In accordance with the NC Open Meetings Law, all meetings are open to the public and the public is invited to attend and comment.