A look at some of the details outlined in the Memorandum of Understanding that Nissan North America Inc., the state of Mississippi and local governmental entities agreed to and signed on Nov. 8, 2000.
The Associated Press and the Madison County Journal obtained a copy of the memorandum last week after filing a public records request with the Mississippi Development Authority.
* Mississippi will buy all of the 1,445 acres of land at the Nissan site, including property now privately owned, by Jan. 31 unless extended by mutual agreement with the Japanese automaker. The site is south of Canton and east of Interstate 55.
* Nissan will pay Mississippi $10,000 a month rent for the land until the auto plant begins producing vehicles. After that, Nissan will pay $100,000 a month. Nissan will have a 20-year lease; when the lease expires, Nissan can buy the land for $10.
* Mississippi will move an abandoned cemetery now on the Nissan site. Mississippi will fence in a second cemetery north of Ragsdale Road and east of I-55; the second cemetery will not be moved “at this time.”
* Mississipi will acquire Harvey Chapel Baptist Church on Ragsdale Road east of I-55 and provide it to Nissan. If Nissan decides within two years that it doesn’t want the building, the state will remove it and re-grade the site.
* Mississippi will give Nissan a 20-year warranty to repair damage to buildings, rail lines and railyards on the automaker’s site caused by Yazoo Clay. The maximum coverage for all occurrences is $10 million.
* Mississippi will spend up to $10.7 million to improve on-site rail line improvements. If any money remains after the state completes the rail improvements, Nissan and the state will jointly decide how to use it.
* Mississippi will spend $1 million a year for five years starting in November 2000 for “image advertising” and public relations activities highlighting the partnership between Nissan Motor Co. and the state.
* Mississippi will give Nissan a $1 million grant to establish a scholarship fund to support students who enroll and participate in an automotive program. The scholarship is for Mississippi students who enroll in state public colleges or universities.
Source: Memorandum of Understanding among Nissan North America Inc., the state of Mississippi and certain state and local supporting governmental entities.
No votes on this, just a done deal by the Elected Officials It gets worse. The State is doing the eminent domain deal on some landowners so that the State may give the land to foreign nationals.
[Edited by HankL on 12-27-2000 at 07:23 PM]
The Associated Press and the Madison County Journal obtained a copy of the memorandum last week after filing a public records request with the Mississippi Development Authority.
* Mississippi will buy all of the 1,445 acres of land at the Nissan site, including property now privately owned, by Jan. 31 unless extended by mutual agreement with the Japanese automaker. The site is south of Canton and east of Interstate 55.
* Nissan will pay Mississippi $10,000 a month rent for the land until the auto plant begins producing vehicles. After that, Nissan will pay $100,000 a month. Nissan will have a 20-year lease; when the lease expires, Nissan can buy the land for $10.
* Mississippi will move an abandoned cemetery now on the Nissan site. Mississippi will fence in a second cemetery north of Ragsdale Road and east of I-55; the second cemetery will not be moved “at this time.”
* Mississipi will acquire Harvey Chapel Baptist Church on Ragsdale Road east of I-55 and provide it to Nissan. If Nissan decides within two years that it doesn’t want the building, the state will remove it and re-grade the site.
* Mississippi will give Nissan a 20-year warranty to repair damage to buildings, rail lines and railyards on the automaker’s site caused by Yazoo Clay. The maximum coverage for all occurrences is $10 million.
* Mississippi will spend up to $10.7 million to improve on-site rail line improvements. If any money remains after the state completes the rail improvements, Nissan and the state will jointly decide how to use it.
* Mississippi will spend $1 million a year for five years starting in November 2000 for “image advertising” and public relations activities highlighting the partnership between Nissan Motor Co. and the state.
* Mississippi will give Nissan a $1 million grant to establish a scholarship fund to support students who enroll and participate in an automotive program. The scholarship is for Mississippi students who enroll in state public colleges or universities.
Source: Memorandum of Understanding among Nissan North America Inc., the state of Mississippi and certain state and local supporting governmental entities.
No votes on this, just a done deal by the Elected Officials It gets worse. The State is doing the eminent domain deal on some landowners so that the State may give the land to foreign nationals.
[Edited by HankL on 12-27-2000 at 07:23 PM]