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Economic Development Minutes 2012 04-03-12 APPROVED 6/12/12 UNITED CITY OF YORKVILLE ECONOMIC DEVELOPMENT COMMITTEE Tuesday, April 3, 2012, 7:00pm City Conference Room In Attendance: Committee Members Chairman Marty Munns Alderman Jackie Milschewski Alderman Chris Funkhouser Alderman Diane Teeling Other City Officials Mayor Gary Golinski Community Development Director Krysti Barksdale-Noble Code Official Pete Ratos Other Guests Lynn Dubajic, YEDC Tom Gilmour Fred DuSell Barb Nelson Ray Wolson George Frost Paul Herman Brian Johnson, Boombah Stuart Oseroff, Site Solution Rick Tollefson, Imperial Investments David Schultz, HR Green Gary Davidson, BJHDP Joe Phillips, D Construction Jason Poppen, HR Green Jason Leslie, Imperial Investments The meeting was called to order by Chairman Marty Munns at 7:00pm. Chairman Munns asked for a motion or recommendation to move New Business Item #3, PC 2012-02 back to Plan Commission since there were no facts or recommendations from that committee. All committee members agreed with moving this item back to the th Plan Commission meeting on April 11 for further information. Guest Fred DuSell asked why this item was sent to this committee. The City Attorney and City Administrator will be asked to clarify the reason. Citizens Comments None Minutes for Correction/Approval: March 6, 2012 Minutes approved as presented. New Business 1. EDC 2012-12 Building Permit Report for March 2012 Alderman Funkhouser said he appreciated seeing the BUILD program outlined in the report. Ms. Barksdale-Noble said another permit application had been received and it is for Bristol Bay. Lot availability in Heartland Circle was briefly discussed. 1 2. EDC 2012-13 Building Inspection Report Summary for March 2012 Since inspections are now done in-house, Alderman Funkhouser asked Mr. Ratos to report on his progress. He said he is busy conducting inspections etc, however, there is time enough to assist homeowner who have questions on their projects. While he is not doing JULIE locates, he said there does not seem to be a waiting time for them. 3. PC 2012-02 (Item referred back to Plan Commission for their April 11, 2012 meeting). See above. 4. EDC 2012-14 Municipal Building Impact Fee Ms. Barksdale-Noble reviewed this item and said staff was asked to discuss again this month, the possibility of a further reduction in the building impact fee. The $5,500 fee had been reduced to $1759 per unit. A building permit formerly cost $10,000 and was reduced to $6,400. Alderman Teeling said she asked to have this brought back to committee since it appeared some of the developers got lower rates since their annexation agreements were coming due, however, others without agreements or with locked in fees, could not always get the lower rate. Ms. Barksdale-Noble said most developers had fee locks, however, the timing was different on them. River’s Edge had 5-year fee locks while other developers had 10-15 year locks. Builders without any agreements would pay $1,759 per unit. Ms. Teeling asked how many agreements the City has with developers. There are about 40 subdivisions with different trigger dates. She thought the fees should be reduced even more, however, other committee members wanted to keep the present fees. No further discussion or action. 5. EDC 2012-15 Imperial Investments TIF Incentive Agreement An agreement was drafted for reimbursement for improvements made by Imperial Investments in the downtown area. There will be an investment of $2 million with a completion date of December 2013. Reimbursement would come from eligible TIF funds. Ms. Barksdale-Noble said the TIF is for 23 years and will end December 31, 2029. There is currently money in the TIF. Chairman Munns and other committeemen recognized that improvements have already been made in the downtown. Alderman Funkhouser said he was glad to see progress being made and TIF funds being used and Alderman Milschewski noted that the Fox Industrial TIF was also successful. Imperial Investments spokesman Jason Leslie said he had a line-by-line document of the projects and hoped for a positive recommendation from EDC. Mr. Leslie said each agreement is a stand-alone. The committee approved and this item will move to the April 10th City Council meeting. 2 Old Business – none Additional Business - none The meeting adjourned at 7:27pm. Minutes respectfully submitted by Marlys Young 3