It is now official: Paul Kelly has resigned as Executive Director of the Cumberland Economic Development Commission. In a statement from the group released yesterday, it was noted that he will serve in his present capacity through August 31st, and will assist the CEDC in the selection of, and transition to, a new director. In the statement, the CEDC noted it has spearheaded several cornerstone projects, designed to integrate and reimagine various neighborhoods of the city; it has been instrumental in the Baltimore Street project, and has acquired funding and equity of about $8.5 million.