11-05-1992
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CITY OF EDGEWA TER
INDUSTRIAL DEVELOPMENT BOARD
REGULAR MEETING
NOVEMBER 5, 1992
6:30 P.M.
Chairman Martin called to order a regular meeting of the Industrial Development Board
at 6:31 p.m., Thursday, November 5, 1992 in the Conference Room of City Hall.
ROLL CALL:
Members present were Mr. Porta, Chairman Martin, Ms. Swiney, Mr. Moonen, Ms.
Rymsza and Mr. Fong. Mr. Kowalewski was reported absent. Also present were
Mayor Hayman, Mr. Steve Cork, Mr. C. Peter Hellsten and Sondra Meager-Pengov,
Secretary .
APPROVAL OF MINUTES:
None at this time.
Chairman Martin turned the meeting over to Mayor Hayman who expressed his
gratification for the fine work that the Board is doing for the City. Mayor Hayman also
commended Chairman Martin for the time and effort he has put into the Industrial
Development Board.
CONTINUED BUSINESS:
1-) Ad-valorem Tax Exemption
Chairman Martin stated he believes the presentations done by the Board members the
last two Saturdays of October, really "did the job" in getting the votes to approve new
and expanding business property tax exemptions on the November 3, 1992 ballot.
The Board members decided that the personal contact they had with the citizens was
definitely the answer in getting the people to vote yes on the ballot.
2-) Industrial Development Board Report to Council
Chairman Martin suggested preparing two reports, the first to be a general report and
the second to cover the P.I.D. area.
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NEW BUSINESS:
2-) Edaewater Promotional Brochure (Steve Cork)
Chairman Martin introduced Mr. Cork to the Board. Mr. Cork explained the brochure
he is working on for the City Manager. The basic theme being promoted is the
lifestyle of Edgewater. Various suggestions from the Board members were exchanged
with Mr. Cork.
Chairman Martin called a recess at 7:45 p.m.
Meeting resumed at 7:55 p.m.
NEW BUSINESS - continued
1-) Communitv Contribution Tax Incentive Resolution
Chairman Martin explained how a tax incentive could be acquired; if a Florida
corporation is currently paying Florida corporate income taxes, they could contribute
land, equipment, etc. to the City for the purposes of public facilities, construction or
improvements, the contribution would gain fifty cents on the dollar credit toward their
corporate income taxes.
DISCUSSION ITEMS:
The Board decided to have a special meeting November 18, 1992 at 6:30 p.m. in the
Conference Room.
Industrial Development Board
Regular Meeting
November 5, 1992
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ADJOURNMENT:
There being no additional business to come before the Board, a motion was made
and approved to adjourn. The meeting adjourned at 8:43 p.m.
Minutes respectfully submitted by:
Sondra Meager-Pengov, Secretary
Industrial Development Board
ISMP
Industrial Development Board
Regular Meeting
November 5, 1992
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