G. Sumner R. Bouldin, an attorney for Bouldin and Bouldin law firm from Murfreesboro has been hired to represent legal matters concerning the Cannon County Industrial Development Board. The motion was made and approved to open Tuesday night’s Cannon County Industrial Development Board meeting. Bouldin made a few suggestions to the Board The first suggestion was to rename the Board to term it as the Industrial Development Board of Cannon County Tennessee to match the charter. Bouldin said they could continue to go by the Cannon County Industrial Development Board name but that they would be noted as the Industrial Development Board of Cannon County Tennessee on legal paperwork. An update on status on THC Select was given. Bouldin says he has had contact with THC Select’s lawyers and is looking into steps going forward with an answer to the lawsuit that was filed by THC Select.
A grant request was submitted to the Economic And Community Development to see if they will award $198,000 to repair the Crane Interior Roof. There is a possibility that the State could fund all of it or part of it. The answer from the State will come soon.
The Board discussed the potential tenant status of 475 Bryant Lane property. There are 5 companies that are interested in moving into the building on that property.
After looking over the various companies, the Board approved the motion of approaching EJ Company and working out terms of a lease with them. Rent is $2,100 a month on the building, abate $1000 each month up to 20 months to pay for HVAC repairs worth $20,000. They will sign a 5 year lease, will receive an abatement of real property taxes as long as they meet employment numbers for at least 6 months out of each year after the first year and EJ Company will be responsible for all maintenance of shop. Randall Reid will meet with them.
Next meeting of the Industrial Development Board of Cannon County Tennessee will be held January 3rd at the Cannon County Courthouse
