Rocky Mount Edgecombe Community Development Corporation and Douglas Block

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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

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Discussion

  1. Cookie  April 9, 2019

    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.

    (reply)

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