Starkville Aldermen Approve OCEDA Budget

November 22, 2012

Politics, Starkville

The Starkville Board of Aldermen unanimously approved the annual budget for the Oktibbeha County Economic Development Authority at its Nov. 20 meeting at Starkville City Hall.

Jack Wallace, OCEDA president, thanked the aldermen for approving the budget. He then gave a presentation to board members about projects involving OCEDA, as well as its expenditures.

Wallace told the board that OCEDA receives income from the Thad Cochran Research Park from the tenants that lease the available spaces.

“We have over $487,000 in lease income and $215,000 in utility reimbursements each year,” Wallace said.

Wallace credited the quality of the tenants with having improved his organization’s lease revenue. Although Renasant Bank is leaving the research park to move elsewhere, OCEDA has already secured another tenant for the space.

“We have one space left that’s not rented or occupied,” he said.

Wallace said that the biggest change in OCEDA’s budget will come from the addition of a $100,000 payment to the new Golden Triangle Regional Development Link.

“I think the revenue from the two-percent beverage and food tax should pay for that. It should bring in around $250,000 a year,” he said.

The revenue from the food and beverage tax is the primary funding source for OCEDA.

In other board business, aldermen unanimously approved appointing Jack McCarthy to serve on the board of the Oktibbeha County Heritage Museum and Gary Jefferson to serve on the board of the Starkville Housing Authority.

The aldermen also heard from City Clerk/Finance Director Taylor Adams on progress made in his department for the upcoming fiscal year.

Taylor credited his staff for their diligent effort to make the city clerk office and finance department operate more efficiently.

Taylor said that there is an effort to set up a completely searchable electronic database of the city’s minutes, even from more than 100 years ago.

Again, he credited his staff for all of their work on this and other projects.

“I wouldn’t trade this staff for another one in the world,” Taylor said.

Allen Baswell is a veteran journalist who covers politics, government and sports.

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