02-13-12 Community & Economic Development Committee

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41 F COMMUNITY AND ECONOMIC DEVELOPMENT 2 -13 -12 Committee Members Present: Henry Davis; Karen White; Gavin Ferlic; Dr. Fred Ferlic Other Council Members Present: Derek Dieter, Tim Scott, Valerie Schey, David Varner, Oliver Davis Others Present: Pam Meyer, Gary Gilot, Kathy Cekanski - Farrand, Kevin Allen, Sherri Miller- Story, Mike Schmuhl Agenda: Bill No. 12 -12 — Recommends thresholds and criteria developed for use of public dollars as leverage Update on process used to market city owned properties Henry Davis, Chairperson of the Community & Economic Development Committee opened the meeting at 4:40 p.m. noting full committee attendance before beginning to explain his initiation of Bill No. 12 -12. Mr. Davis said in light of questions recently arisen regarding the appropriateness of using public funds to stimulate private investment it was necessary to begin discussions that would provide a framework or set of standards for such potential partnerships. Through a review and discussion of current practices a set of criteria for involvement could result establishing a framework or set of standards to help the public, potential developers and elected officials encourage economic opportunities. Some Council discussion followed questioning the ultimate intent or consequence of the discussions. Both Councilmember's Gavin Ferlic and Valerie Schey endorsed the concept; but cautioned that more focus was needed. Councilmember White and Oliver Davis agreed while urging more discussion follow.. Councilmember White motioned, Councilmember Gavin Ferlic seconded and all supported a favorable recommendation to Council. Chairperson Henry Davis moved to the other item on the agenda, that being a report from Don Inks on how the city markets property it owns. Who lists, for how long and typical terms of listings. Don Inks reported he was not yet ready to report. He needed clarification, he said, on what was asked. Chairperson Henry Davis suggested if there were questions or confusion, they should have been asked earlier. Chairperson Henry Davis said he expected a report at the next meeting on February 27, 2012. Chairperson Henry Davis also asked the Mayor if he would be ready to report any progress on the Chase Tower issue by the next meeting. The Mayor said he doubted any progress would have been made by then. Pam Meyer offered a report on Community Development Activities for review and possible discussion at a later date (attachment)