11-22-04 Community & Economic Development

Home Browse Search

S R dornmittEE cl?z f ort: (� p n C onnnnurzitt�. wu &o iomie L�Eu fofim nt eo nnzittEE The November 22, 2004 meeting of the Community and Economic Development Committee was called to order by its Chairperson,Council Member Roland Kelly at 4:13 p.m. in the Council Informal Meeting Room. Persons in attendance included Council Members Dieter, Pfeifer, Kelly, Coleman, Puzzello, Varner, Kuspa, Kirsits and White; City Clerk John Voorde, Executive Director of the Department of Community & Economic Development Sharon Kendall, Rita Kopola, Rita Kopala, Andy Laurent Ann-Carol Nash, Isabel Gonzalez, Elizabeth Leonard and Kathy Cekanski-Farrand, Council Attorney. Council Member Kelly called for a presentation on substitute Bill No. 77-04 which would transfer$658,334 among various accounts within Fund# 212 Community Development. Elizabeth Leonard, Director of Financial & Program Management for Community & Economic development made the presentation. The substitute bill was required in order to include $30,000 for Ark Angels. CDBG monies are part of the 2005 Action Plan. Council Member Dieter requested additional information about Ark Angels such as its Board of Directors, expenses, objectives. In response to a question from Dr. Varner, Ms. Leonard stated that Ark Angels is a new organization and that they asked for their financial statements and their audit. Since they have not been audited they only have their financial statement. She noted that federal guidelines establish certain criteria if they meet a$300,000 threshold. Following discussion, Council Member Kuspa made a motion, seconded by Council Member Kirsits that Substitute Bill No. 77-04 be recommended favorably to Council. The motion passed. Council Member Kelly then called for a presentation on Bill No. 83-04 which would appropriate $655,267 of Indiana Community Revitalization Enhancement District Increment Funds within the Industrial Development Fund, Fund# 434 for the purpose of development and redevelopment within the Studebaker/Oliver Community Revitalization Enhancement District. Andy Laurent, an Economic Development Specialist, made the presentation. He noted that the funds will be used to implement the Studebaker/Oliver Redevelopment Strategy which the Council previously adopted. The monies are the state tax increment income from CRED, with the revenues being for state fiscal years 2002-2004. The 1st year had $141,000; the 2nd year had$226,000 and the 3rd year had$287,000. Dr. Varner inquired about the board which oversees this. Mr. Laurent stated that Pat McMahon is the Chairperson and that he would provide the Board information. November 22,2004 Community and Economic Development Committee Page 1