04-01-1993
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CITY OF EDGEW A TER
INDUSTRIAL DEVELOPMENT BOARD
REGULAR MEETING
THURSDAY, APRIL 1, 1993
6:30 P.M.
Chairman Martin called to order a regular meeting of the Industrial Development Board at
6:30 p.m., Thursday, April 1, 1993 in the Conference Room of City Hall.
ROLL CALL:
Members present were Mr. Porta, Mr. Fong and Chairman Martin. Ms. Swiney and Ms.
Rymsza were reported absent. Also present were Mr. Hellsten (ex-officio member) and
Sondra M. Pengov, Secretary.
APPROVAL OF MINUTES:
None at this time.
CONTINUED BUSINESS:
1) Budget and Expenditure Plans
Chairman Martin asked the Board for suggestions as to how the money in the new
budget should be used.
2) Tax Increment Financing
Chairman Martin said Tax Increment Financing is a possible way of having Guava and
Hibiscus Drives paved. Chairman Martin stated he sent the parcel numbers of the
property owners on Guava and Hibiscus Drives to the property appraisers office and
had Ernie Peterson provide a report of the history of total assessed value over the past
10 years. Chairman Martin developed a chart from the report received from the
property appraisers office and discussed it with the Board. The Board also discussed
whether they should budget money to create a database in the near future.
3) Economic Development Line Item in Council Budget
Chairman Martin stated an Economic Development line item is needed in the budget.
Chairman Martin made up a list of economic development funding items and asked the
Board to try to add to the list.
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4) Draft of Final Report to City Council
No report at this time.
NEW BUSINESS:
1) Re-write By-laws to Say Economic Development Board
Chairman Martin said the Council, at their last meeting, discussed changing the name
of the Industrial Development Board to the Economic Development Board. He also
stated the by-laws will have to be amended to reflect this change.
2) Prepare Board Membership Criteria for City Council
Chairman Martin said he and Mr. Hellsten had attended a workshop of the City
Council as chairman's of the LDRA and Industrial Development Board to discuss the
functions of the Boarcls. He said the Council wants to know the Board membership
criteria, that is, the type of expertise that people should have that sit on the Board.
Also, is it advisable to have as an ex-officio member, the Chairman of the LDRA, sit
on the Board.'
CHAIRMAN AND BOARD MEMBER REPORTS:
Chairman Martin showed a brief video tape of New Smyrna Beach and the City that he had
helped film. This video was developed with Business Development Corporation to show
prospective businesses interested in locating south of the City limits. Chairman Martin said
possibly the Board would like to make a video of Edgewater to present to prospective
companIes.
ADJOURNMENT:
There being no additional business to come before the Board, a motion was made and
approved to adjourn. The meeting adjourned at 7:45 p.m.
Minutes respectfully submitted by:
Sondra Meager-Pengov, Secretary
Industrial Development Board
/SMP
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