02-15-90 Human Resources & Economic Development

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Human Resources and Economic Development Committee February 15, 1990 Page 2 The Committee also reviewed the 1990 Bond issues with a projected total of $9,800, 000. The Committee reviewed the UDAG reimbursements which have not been appropriated. The expected amount of monies total approximately $1,406,714 . 00 however a needed projected amount is at $1, 628, 600. It was further noted that the $350, 000. 00 for Robertson's was to permit an incremental development of this project. It would involve Leroy Troyer reviewing and addressing the Task Force recommendations specifically noting the heating problems, roof problems, plumbing problems of the approximate 175, 000 square feet involved. The Committee then reviewed the State Grant Revolving Funds and the Redevelopment Commission Funds. The administration of the Department of Economic Development was then reviewed (copy attached) . It was noted of the $201,800. 00 non-personnel uses that $72, 000. 00 of this amount is for Project Future with the remainder being used for consultant fees, legal fees, advertising fees. The Committee also reviewed the administration reconciliation sheet and noted that there is not an increase in employment, but rather a shifting of monies from various sources. Jon Hunt noted that all of the Bills are scheduled for public hearing on February 26, 1990. Council Member Luecke thanked the staff of the Department of Economic Development for the preparatory materials and the additional verbal comments on each of these topics. He noted that three of the Council Members are absent due to illness and one Council Member had a direct conflict. The handouts, however, would be provided to each of the Council Members for their review. There being no further business to come before the Committee, the meeting was adjourned at 5:20 p.m. Respectfully submitted, Council Member Steve Luecke, Chair Person Human Resources and Economic Development Committee SL:srk Attachments