11-12-01 Community & Economic Development

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Community and Economic Development Committee November 12, 2001 Page 2 Council Member Ujdak then made a motion, seconded by Council Member Varner that Bill No. 103-01 be recommended favorably to Council. The motion passed. Beth Leonard then made a presentation on Bill No. 104-01 which would appropriate $ 48,920 from Fund # 210, the Economic Development State Grant Fund. She noted that the monies are necessary for the Division of Economic Development's administrative budget. Followin g discussion, Dr. Varner made a motion, seconded by Council Member Ujdak that Bill No. 104-01 be recommended favorably to Council. The motion passed. Beth Leonard then made a presentation on Bill No. 105-01 which would appropriate $ 130,000 within the U.D.A.G. Fund(Fund#410) for the purpose of providing administrative support to the Department of Community and Economic Development for Program Year 2002. She noted that the Bill contains the same amounts discussed with the Council in September. Following discussion, Council Member Ujdak made a motion, seconded by Council Member Varner that Bill No. 105-01 be recommended favorably to Council. The motion passed. Beth Leonard then made a presentation on Bill No. 106-01 which would transfer$409,457 among various accounts within Fun d # 212. The proposed amounts were subject to the 30-day public comment period and two(2) public hearings. Dr. Varner made a motion, seconded by Council Member Ujdak that Bill No. 106-01 be recommended favorably to Council. The motion passed. Council Member Kelly then called for a presentation on Bill No. 107-01 which would appropriate li! the proceeds along with the investment earnings derived from the issuance of bonds and deposited in Economic Development State Grant Fund # 210 for the purpose of remediating environmental it conditions in connection with the Robert Bosch Corporation Retention Project. Mr. Bob Case of Community &Economic Development made the presentation. He noted that this involves a pass-through loan and is the "last piece of the puzzle"for the Bosch project. Following discussion, Council Member Ujdak made a motion, seconded by Dr. Varner that Bill No. 107-01 be recommended favorably to Council. The motion passed. There being no further business to come before the Committee, the meeting was adjourned at 4:25 p.m. Respectfully submitted, Council Member Roland Kelly, Chairperson Community and Economic Development Committee KCF:kmf Attachments •