07-14-1992
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INDUSTRIAL DEVELOPMENT BOARD
CITY OF EDGEWATER
P.O. BOX 100 . EDGEWATER, FL 32032
CITY OF EDGEWATER
INDUSTRIAL DEVELOPMENT BOARD
REGULAR MEETING
TUESDAY, JULY 14, 1992
7:00 P.M.
Chairman Martin called to order a regular meeting of the Industrial Development Board
at 7:00 .m., Tuesday, July 14, 1992, in the Conference Room of City Hall.
ROLL CALL:
Members present were Mr. Kowalewski, Chairman Martin, Ms. Swiney, Ms. Rymsza
and Mr. Fong. Mr. Porta and Mr. Moonen were reported absent. Also present were
Mr. McMahon, City Manager, Mr. Karet, Director of Community Development, C. Peter
Hellsten and Sondra Meager-Pengov, Secretary.
APPROVAL OF MINUTES:
None at this time.
CONTINUED BUSINESS:
Proposed Ordinance - Ad Valorem Tax Exemption for Manufacturina Industries.
Board members to review the proposed ordinance with Mr. McMahon and Mr. Karet.
Mr. McMahon stated he feels it is worthwhile to continue studying the possibilities of
the PID for manufacturing industries. However, Mr. McMahon said he doesn't think
this is the time to introduce the tax abatement. Mr. McMahon suggested the Board
do an economic study that would look at cost benefits.
Industrial Development Board
Regular Meeting
July 14, 1992
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Mr. Karet discussed the memo he provided to the Board. Mr. Karet said, given the
fact that there are increasing questions about the ability of nonresidential development
to pay for itself, now is not the time to provide tax exemptions. Mr. Karet said staff
has some doubts about the concept of growth paying for itself, saying, if growth paid
for itself, the state of Florida wouldn't have any infrastructure deficits. He continued
saying, given the fact that growth doesn't pay for itself, staff doesn't see tax
abatements as a strong incentive.
Mr. McMahon said neither himself or Mr. Karet are trying to discourage the Board, but
better timing is necessary for a number of reasons.
Chairman Martin called a recess at 8:45 p.m.
The meeting resumed at 8:55 p.m.
NEW BUSINESS:
A-) Revision of Community Development Block Grant Area or Establishment of
Slum and Bliahted Area for Purpose of Establishina Tax Incentive Proaram.
Chairman Martin agreed with Mr. McMahon's and Mr. Karet's position on the tax
exemption not being enough to entice industry to come into the City, and said that a
Community Development Block Grant Area (CDBGA) needs to be defined.The City
needs to be a CDBGA or an enterprise zone, or a blighted/ slum area. These need to
be defined by the City and/or County before funding can be applied for.
Chairman Martin continued to discuss the proposed ordinance, saying he feels they
need to develop a way to inform the public of the purpose of the ad valorem tax
exemption before it appears on the ballot in November.
B-) Review of Thirteenth Annual Florida Economic Development Proaram.
Chairman Martin gave a brief summarization to the Board of the program he
attended.
Industrial Development Board
Regular Meeting
July 14, 1992
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DISCUSSION ITEMS:
Chairman Martin stated he needs a volunteer to attend the July 22, 1992 Chamber of
Commerce meeting. Ms. Rymsza volunteered to attend in Chairman Martin's
absence.
ADJOURNMENT:
There being no additional business to come before the Board, a motion was made
and approved to adjourn. The meeting adjourned at 9:50 p.m.
Minutes respectfully submitted by:
Sondra Meager-Pengov, Secretary
Industrial Development Board
Regular Meeting
July 14, 1992
ISMP
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