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Helene Caseltine , Economic Development Director, Indian River County Chamber of <br /> Commerce , stated that one of the principals from the predecessor company had told her he was <br /> refocusing on powder coating, as the shutter industry was in decline . <br /> Commissioner Flescher confirmed Ms . Caseltine ' s statement, adding that the Company <br /> was a separate and new company . <br /> Vice Chairman Wheeler was concerned that this item was placed on the Consent Agenda <br /> without a full disclosure of all the facts . He emphasized that the Board should know in advance , <br /> before taking a�ctio_n, if there are "red flags" pertaining to a particular situation. <br /> A lengthy and broad-ranging discussion ensued among the Board and staff. It was <br /> revealed that staff had done its due diligence prior to cutting the check, which had never been <br /> issued . <br /> Commissioner Davis acknowledged Vice Chairman Wheeler' s concerns , but felt that a <br /> requirement from all business for complete disclosure might undercut the County ' s economic <br /> development . <br /> Chairman Solari recalled that when this item came before the Board in March, he had <br /> opposed it because he disagreed with providing the Company a $75 , 000 upfront loan. He <br /> pointed out that this was a digression from the existing jobs grant policy , where funds are not <br /> distributed until a company demonstrates compliance with the terms of the Jobs Grant <br /> Agreement . <br /> Additional discussion ensued as the Board and staff recollected details about when CVS <br /> had established its Distribution Center in the County , and the County had given a loan to the <br /> developer to help with the water/sewer infrastructure . Administrator Baird emphasized that the <br /> CVS project had been a success . <br /> April 12 , 2011 20 <br />