08-24-1993 Special
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INDUSTRIAL DEVELOPMENT BOARD
SPECIAL MEETING
TUESDAY, AUGUST 24,1993
Chairman Martin called to order a special meeting of the Industrial Development Board at
6:37 p.m., Tuesday, August 24, 1993 in the Community Center of City Hall.
ROLL CALL:
Members present were Mr. Porta, Ms. Rymsza, Ms. Swiney, Mr. Hellsten (ex-officio
member), and Chairman Martin. Mr. Browning, Mr. Bryd and Mr. Fong were recorded
absent. Also present was Sondra M. Pengov, Secretary.
APPROVAL OF MINUTES:
None at this time.
CONTINUED BUSINESS:
Economic Development Budget
Chairman Martin reminded the Board that at the last regular meeting the members instructed
him to put an economic development line item in the budget. Chairman Martin said at the
last Council meeting he discussed the Industrial Development Board, Detail Budget Request
that the Board developed. The Council decided that they would allocate $10,000 for the
Industrial Development Board's expenditure.
Chairman Martin provided the Board with a copy of an Economic Development Line Item
that he drew up and explained the breakdown of monies to be used. Chairman Martin said
the Council was also provided a copy of this at their Wednesday meeting, but no comments
or inquiries were made by Council. The Board expressed their dissatisfaction concerning the
fact that the Council had made no remarks.
Chairman Martin asked the Board if they wanted him to further discuss the line item with the
Council. He asked if they wanted him to ask for an. additional $48,300 for matching grants.
The Board suggested acquiring the Industrial Development Board line item in a long range
plan, a little appropriated each year, over a three year period. They discussed possibly
establishing a trust fund and add to it each year so as to get $50,000 required to secure
$150,000 of Federal funds.
Chairman Martin also explained the meaning of the various budget line items. The Board
then had discussion on how the Board would allocate the $10,000 requested.
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Economic Development Board By-laws
Chairman Martin reviewed the By-laws with the Board of which some changes and additions
were made.
Industrial Development Expenditure Controls
Chairman Martin stated he wants to know of and be able to approve any expenditures before
anyone requests spending from the Industrial Development Board budget (such as seminars,
schooling, etc.).
Program of Work for Remainder of 1993
Chairman Martin said they would like to complete the By-laws, review of the Draft Sign
Ordinance, and have a joint workshop with the Land Development and Regulatory Agency.
The Board then discussed possible dates for the workshop.
NEW BUSINESS:
None at this time.
CHAIRMAN AND BOARD MEMBER REPORTS:
Chairman Martin brought the Board up-to-date on the recent newspaper articles on the
Maglev issue.
ADJOURNMENT:
There being no additional business to come before the Board a motion was made and
approved to adjourn. The meeting adjourned at 8:05 p.m.
Minutes respectfully submitted by:
Sondra M. Pengov, Secretary
Industrial Development Board
/SMP
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