05-27-1993 Special
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CITY OF EDGEW A TER
INDUSTRIAL DEVELOPMENT BOARD
SPECIAL MEETING
MAY 27, 1993
6:30 P.M.
Chairman Martin called to order a special meeting of the Industrial Development Board at
6:45 p.m., Thursday, May 27, 1993, in the Conference Room of City Hall.
ROLL CALL:
Members present were Ms. Rymsza, Mr. Fong, and Chairman Martin. Mr. Porta and Ms.
Swiney were recorded absent. Also present were Mr. Hellsten (ex-officio member), John
Browning (hasn't been sworn in as yet), and Sondra M. Pengov, Secretary.
APPROVAL OF MINUTES:
None at this time.
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CONTINUED BUSINESS:
Draft of Final Report to City Council
Chairman Martin explained that all the deletions and insertions have been made to the report.
Mr. Fong moved to accept the language as presented in the report, seconded by Ms. Rymsza.
Motion CARRIED 3-0.
Ms. Rymsza then moved to send the report (as corrected) to the printer for processing and
upon completion, have Chairman Martin distribute it to the Mayor and City Council members,
seconded by Mr. Fong. Motion CARRIED 3-0.
Economic Development Line Item in City Budget and
Economic Develooment Trust Fund
Chairman Martin passed a memo that he prepared regarding the establishment of an economic
development line item in the general fund budget for FY 1994 and the creation of an
economic development trust fund, addressed to the Mayor and Council members to the Board
for review. The Board recommended various changes to the memo and requested it be sent to
the Mayor and Council. A second memo was distributed by Chairman Martin regarding
suggested membership/composition requirements for members of the proposed Economic
Development Board. The Board again made changes to the memo and requested it be sent to
the Mayor and Council.
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NEW BUSINESS:
None at this time.
ADJOURNMENT:
There being no additional business to come before the Board, a motion was made and
approved to adjourn. The meeting adjourned at 8:30 p.m.
Minutes respectfully submitted by:
Sondra Meager-Pengov, Secretary
Industrial Development Board
/SMP
c: \inddevbd\minutes\5 2 793