It appears the Citizens of Rocky Mount are paying Rocky Mount Edgecombe Community Development Corporation (RMECDC) tons of money to not manage the Douglas Block:
- $475,000 cash to end contract
- Conveying the lot adjacent to the Booker T Theater with stipulations
- $75,000 to fund commercial development manager (Not yet hired as of 04/08/2019)
- $150,000 to fund the Housing Counseling Center & Business Dev. Center
Click here to view a copy of the legal document: http://thecommunitycouncil.org/wp-content/uploads/2019/04/Douglas-Block-Settlement-Agreement-and-Mutual-Release.pdf
Wow. LIGE, did you get all that? Looks like a Philadelphia lawyer did the legal terminology in the document. Hard to follow. Will try checking it again tomorrow, to see if I can follow all of this.