Town property invested in scheme

Nov 18, 2020 at 07:00 am by Mary-RB

Questions abound as to what was meant by a motion to direct the town attorney to, “write a letter of intent to invest town-owned property, which shall be contingent on Water Street Development LLC securing the funding of $60 to $100 million dollars to revitalize the town of Plymouth.”

Councilwoman Donsenia Teel made the motion after a three-hour closed session Thursday evening, November 12. It passed 5-1, with Councilwoman Mary Ann Byers casting the dissenting vote.

Rumors have circulated for months that Marcus Williams, owner of Road Trip Motel, was making offers to purchase multiple downtown buildings.

Williams was invited into council’s closed session through the back door Thursday as council was scheduled to discuss economic development, 101-103 East Water Street and personnel.

Paperwork filed with the North Carolina Secretary of State indicate that Water Street Development LLC was formed on August 4, 2020. Marcus Williams is the only name that appears on the document.

Other than the motion to invest the town’s property in Williams development company, one thing clearly happened during the closed session: Cole Phelps resigned his position as the town’s attorney, “effective immediately...”

For full story, check out this week’s paper.