11.04.1999 EDC Minutes80
MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
PUBLIC HEARING — NOVEMBER 4, 1999
100 E. BROADWAY ST. — COMMUNITY CENTER
President Vaughn called the public hearing to order at 7:05 p.m.
Members present: Nita Vaughn, Robert Mundy, John Berry, Wayne Winters, Margaret
Eichelberger and Rob Morris.
Members absent: Ron Kovach
Staff present: Kathy Turner
PUBLIC HEARING — To receive citizens' comments regarding a Commercial Revitalization Grant
Program. The Grant Program is to encourage functional and/or visual improvements of commercial
properties in need of rehabilitation by providing incentives to the business or property owners.
No persons signed in to speak for or against the proposed Commercial Revitalization Grant Program.
President Vaughn closed the hearing at 7:06 p.m.
PROVE: /
Presi• ent, Nita Vau
ATTEST:
81
MINUTES
KENNEDALE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
SPECIAL MEETING — NOVEMBER 4, 1999
100 E. BROADWAY ST. — COMMUNITY CENTER
President Vaughn called the meeting to order at 7:06 p.m.
Members present: Nita Vaughn, Robert Mundy, John Berry, Wayne Winters, Margaret
Eichelberger and Rob Morris.
Members absent: Ron Kovach
Staff present: Kathy Turner
ITEM NO. 1— Consideration of eligible project for economic development and forward
recommendation to City Council for approval.
Board members were provided information relating to the establishment of a Commercial
Revitalization Grant Program. Members reviewed the information provided and discussed the concept,
which is to encourage functional or visual improvements of commercial properties by providing
incentives to the business or property owners.
Robert Mundy moved to forward the proposed project to City Council for consideration, seconded by
Robert Morris. Motion carried with all members present voting in favor.
ITEM NO. 2 — General discussion.
Board members spoke about the recent round table meeting and the positive feed back received from
each participant. Members agreed that it was a successful meeting and that another meeting should be
held. It was also noted to send a follow -up letter to each participant letting him or her know that the
board is still seeking suggestions and will continue to listen to their needs or requests.
Margaret Eichelberger and Rob Morris briefed members on their visit with Mr. Ed Larimor,
representing Norwest Bank regarding buy down loans. Ms. Eichelberger stated that the response was
not favorable. Mr. Larimor said he would discuss the issue with senior management at the bank and
report back when he receives information. She also did a random survey of cities to see what cities
utilize this type of program, and found that there were none.
Vice - President Mundy stated that the board needed to move along on establishing criteria for the
Commercial Revitalization Grant Program, and requested that this be placed on the upcoming agenda.
Mrs. Eichelberger requested that board members contact her with criteria for grant application and to
submit all suggestions no later than November 10.
82
No other discussion, Robert Mundy moved to adjourn the meeting at 7:55 p.m., seconded by Rob
Morris. Motion carried.
An EST: