Marble Falls EDC hears about financial health of Ronn Motors

MARBLE FALLS — Saying they want want to review Ronn Motor Co.’s business dealings after past financial problems, the Economic Development Corp. voted Sept. 7 to extend a performance agreement with the company for one month.

Basically, the performance agreement is an outline of goals and objectives for job growth at Ronn Motors, according to EDC attorney Monte Akers.

The EDC board wants to review the agreement in tandem with a disclosure statement recently released by the motor company, Akers said.

“It is a question of nailing down realistic expectations,” he added.

In other news, Christian Fletcher, who has been named the new EDC executive director after deciding to step down as the chief administrator at the Marble Falls/Lake LBJ Chamber of Commerce, said a search for his replacement is in the early stages at the Chamber.

Also, the board learned from its liaison with Central Texas College that enrollment is down due to the sluggish economy.

But much of the discussion centered on Ronn Motors and its landlord, the EDC.