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5 <br /> Board of Selectmen <br /> Minutes <br /> July 21,2008 <br /> APPOINTMENTS AND HEARINGS: <br /> EDIC U d te: <br /> EDIC member Joseph Noonan was in attendance to request the Selectmen <br /> support a draft letter to the Town of Barnstable Economic Development <br /> Grant Program to apply for funding to assist in the development of <br /> initiatives undertaken by the Town of Mashpee's Economic Development <br /> Industrial Corporation. <br /> The economic development plan formulated by the EDIC includes the <br /> following; <br /> A comprehensive review of Town owned land that would be best <br /> suited for disposal and/or EDIC use. <br /> Establishing a marketing strategy for these Town owned properties <br /> that could be offered for sale and/or lease to technology and/or <br /> commercial industries. <br /> To review and produce a Mashpee Economic Development <br /> Strategy Plan and as part of this process determine the role of the <br /> EDIC in promoting the Town's economic development objectives. <br /> The EDIC is seeking grant funding to hire an Economic Development <br /> Consulting firm to report to the EDIC Board and assist in accelerating <br /> their identified programs. The consult contract is estimated to cost <br /> $75,000 over a two year period. In accordance with grant eligibility . <br /> guidelines,the Town of Mashpee would provide a 5%cash contribution; <br /> and the EDIC Board would contribute 20%in-kind support of time. <br /> Motion made by Selectman Cook to approve the EDIC letter of intent <br /> to apply for Economic Development Grant Program funding as <br /> outlined and approve the$3750 cash contribution from the Town of <br /> Mashpee as required by grant eligibility guidelines. <br /> Motion seconded by Selectman Taylor. <br /> VOTE: Unanimous. 5-0. <br />