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HomeMy WebLinkAbout07.09.92 EDC Minutes MINUTES ECONOMIC DEVELOPMENT COMMISSION REGULAR JULY 9, 1992 1. Meeting called to order by Chairperson Galler. Members Present: Galler, Harms, Thelen, Pollock. Members Absent: Sifferath. Also Present: Director Henricks, Ex-Officio Thompson. 2. MOTION by Thelen second by Harms approving the minutes of the June 11, 1992 minutes as presented. APIF, MOTION CARRIED. MOTION b Harm second b Thelen to approve payment of the bills as resented. 3. MO s PP P Y P Y Y APIF, MOTION CARRIED. 4. General discussion on the new EDC structure, which pertained to what the role and responsibility of the EDC would be. Member Galler stated he felt the EDC would be an advisory group to the HRA. The HRA would request the EDC to assist in obtaining information relating to a project or development. An example: During the planning process for the Second Street parking lot project, the HRA could have requested the EDC to approach the Chamber of Commerce seeking the Chambers input on the need for the parking, the location of the lot and assist in funding financial assistance for the project. The financial assistance could be through the charitable gambling sources. Further discussion focused on the EDC role functions and what would be the representation mix on the board by the various entities. Should the Chamber of Commerce have 3 representatives with 1 representative from the City and 1 from the HRA or should there be 2 representatives from the HRA and the Chamber and 1 from the City? This was to be reviewed in the future. Three possible functions of the EDC could be: 1. Recipient of Charitable Gambling funds which could be used for community activities/projects/events. 2. Advisory to the HRA. 3. Promote cooperation and communication between the HRA and Chamber of Commerce. Member Galler stated the present EDC could continue to exist on a temporary basis while the new EDC structure begins to perform its tasks and responsibilities. This short trial period for the new EDC structure will allow the by-laws for the new structure to be completed. Member Galler stated the present EDC Director should be placed under the City of Farmington's umbrella with the overhead reimbursement from the HRA being eliminated or remaining at the present HRA contribution level. Further discussion on the new EDC structure will be continued at the next meeting. 5. The Director distributed the proposed 1992 EDC budget and a proposed 1993 Community Development Committee budget. These budgets were meant to provide a guide in the discussion for the new structure funding and a comparison of what the entities had contributed to the old EDC in the past. The 1993 proposed EDC budget would provide information for the EDC relating to possible 1993 contributions for the entities if the new EDC structure is not implemented. 6. MOTION by Harms second by Galler to adjourn meeting at 5:15 P.M. APIF, MOTION CARRIED. Respectfully Submitted, Gerald A. Henricks EDC Director