The City of Troy and the Troy Industrial Development Board have signed the necessary documents to bring a new industry to Troy.

Troy Mayor Jimmy Lunsford said that the final markup would be presented to the company on Monday and hopes were to hear back by late afternoon.

However, with different time zones involved, late afternoon could mean not hearing until today.

“I signed the documents for the city today (Monday) and Leon Hilyer, ID board chairman, signed for the ID board,” Lunsford said. “We offered a lease agreement and have signatures to go ahead with the deal. If we can make everything work, it could happen.”

For several weeks, there has been speculation about the possibility of a new industry coming to Troy but the details of “Project Fresh” continue to be kept under wraps.

The mayor is mum on even the name of the prospective industry.

However, Lunsford did say that the industry would be located in an existing building.

“We have a large industrial building that has been vacant for a while and it would be good to get an industry in it again,” he said and added that the industry would be big for Troy and Pike County.

Lunsford said a considerable amount for work has gone into the efforts to recruit the industry to Troy.

“All of us have worked together to recruit this industry to Troy – the city council, the ID board and the Economic Development Corporation,” Lunsford said.

“We are hopeful that it’s going to happen and we’ll know soon.”