Consider and take action on Resolution No. 19-03, approving an incentive agreement with Georgia Meyer and Roosevelt Wrice to make improvements to accommodate a barbeque restaurant at 601 6th Street North. 

Roosevelt Wrice has been operating a successful barbeque trailer, Wrice BBQ, at this location. He now desires to open up a full restaurant in the building and to remove the trailer. In order to fund the improvements, Mr. Wrice has requested a loan for an amount not to exceed $15,000 to make the necessary interior and exterior modifications to accommodate a restaurant. Also included in the loan is Mr. Wrice's portion (60%) of the new pole sign. Mr. Wrice would then make monthly payments of $400.00 per month to the TCEDC until the loan has been repaid in full which would take approximately three (3) years. Georgia Meyers, owner of the property, has invested money into the building as well and has agreed to keep his lease payments low during the term of the loan to help ensure Mr. Wrice's long-term success.