The often-discussed $140 million, 300 job development involving the former Delco Remy building and an as yet unnamed automobile parts manufacturer has apparently been successfully concluded.
The Meridian City Council agenda on Monday tipped the council's hand. One item asked council members to approve the transfer of $894,000 to the Lauderdale County Economic Development District for renovation and expansion of the Delco Remy building.
Another requested execution of special warranty and development agreement for the building and other property located in the South Industrial Park.
When the meeting began, the council removed the items from the routine agenda and went into executive session, apparently to discuss the matter.
Wade Jones, president of the EMBDC, appeared and spoke to council members, as did county supervisor Craig Hitt, representing the Lauderdale County Board of Supervisors. None would speak for publication, including Mayor John Robert Smith.
"At the appropriate time council will take any action that's advisable. That action will not be tonight," said Smith.
Newscenter 11 asked Smith to confirm a meeting had been set up for Thursday.
"Yes we do. The council will recess and take that action before the close," said the mayor.
Newscenter 11's sources indicated the deal has been made. The council later recessed until 8:30 a.m. Thursday morning, at which time it was indicated an announcement would be made.
The Board of Supervisors will meet at 11:00 a.m. Thursday to make a similar announcement.
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