Commerce – The Commerce Economic Development Corporation has finalized a severance agreement with former executive director Jeanette Burnett, who stepped down from the post Nov. 22.
In a special meeting Wednesday, board members approved a gross payment to Burnett of $5,718.28, as determined by 236 hours of unused vacation time. The severance is to be paid on December 31, at which time Burnett's health benefits will expire.
As EDC executive director, Burnett was responsible for planning, developing, marketing and managing all aspects and activities related to industrial/economic development, including business recruitment, existing industrial retention and expansion.
She began her duties in November, 2007.
A reason for her resignation was not directly given, however Interim City Manager Marc Clayton indicated it was to pursue other interests.
Board member Bob Clark has been assigned to move forward on seeking a candidate(s) for the position. He is to present his findings during the CEDC's next meeting, scheduled for next Wednesday, December 15 at 10 a.m. in the Michael "Pee-Wee" Walker Conference Room.