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EDC Minutes 1998 03-31-98 i I United City of Yorkville Committee Minutes - Economic Development Co -Op March 31, 1998 Meeting Location: Beecher Center 908 Game Farm Road Time Convened: 6:00 p.m. � Attendees: Jim Nanninga� Bob Johnson Art Prochaska / Bob Dearborn Kathy Farren� Joel Ottosen Stan Free , --';"\ Bob J. presented an overview of the Committees development and future plan. Joel talked about the evolution of the Economic Development Committee, possibility of a need for a full time position, Oswego's program and the need to educate the public on the benefits of an active Economic Development Committee. Kathy F. shared her observations from following Oswego (in the Record) and will bring a copy of the Organizations' Plan to the next meeting. - Stan said that the Chamber of Commerce has not really taken responsibility for economic development of new business, more in retaining existing business. Stan asked about the County's Economic Development Committee. Bob J. said they are only administering the low interest loan and it is going strong But that they are not going out to solicit new business. Bob said we have approximately $19,000.00 this next Fiscal year. If the Committee is formed the City would probably raise the ante from $19,000 to around $50,000 in the following year's Budget Proposal. Someone posed the question, "Why would the schools care ?" Because economic development helps the school district by way of the real estate revenue. Joel noted that this school district's State funds are decreasing consistently, so they are becoming increasingly more dependent on economic development's efforts. Bob asked if we need to add to this center core Committee. Maybe township supervisors? Joel stated that we'll need $80,000.00 to support a full -time program. There has been some alienation of Developers. (i.e., Inland suing the City) that may make this request more difficult. The two main banks will probably provide their contributions. Maybe ask Don Falls and find other towns, besides Oswego, that have been through this process. (i.e., Woodstock and St. Charles) Kathy was asked if the Kendall County Record should be at every meeting. She said that she would be, but as an independent. Some things can not be published right away. Joel stated that the Fox Valley Industrial Association may be a good source for dete what industries desire in a community, what is an attraction and what focus we should take? Jeff Brown could be a good resource also. Stan said we need to determine if businesses will be willing to contribute money to support this co -op. Bob Dearborn asked if we should have an attorney, such as Dan Kramer, on this Committee? Do we want to invite Dave Krone (Alderman from Oswego who was instrumental in organizing Oswego's Co -op) to the next meeting? Oswego has done their first Annual Report. Kathy will get a copy of it for the next meeting. How often should we meet? Every month? For the next meeting we need to work around Dave Krone's schedule, but will shoot for April 30th (5th Thurs..) at Beecher Center. .................. ?•; i;. ii}•.: :...:::::::::...:.:::::::::.::.:::::::. r•:.:: ::.r•:......... •.::: r:.;rr;:}::.;r;:.i:. }•::: ;• is ::::::•::::•:::•::::::•:::::.:: .:: .:: <. } } };,. }:• } }•. }::..tt..tt:. ,,::: :t� :!tih :�: }:i'i::::L; {: } } } }?t y }ii �' r: i}} i' �'?} iiii }::�:::yi' ?ii:f:::: iii} iii. �::: xr{ i• i'??• i}:??.}:.}:. ii}} i}}:{ O:'? i• rr :•i} }: {i;•i: %::L; {:ii }yr } : ?':i ;:i: ?:ii::::;:iji:.::.....:.... ::::.vv.: n• .:.: ¢};•}..'r r..: r � .. } ......::::::::..:.......} }}:: v, .. ki:{x +x: :.:•,v:n,J: i•'i:::::;:i;:i:�.�{.>i t.: r$:}}ii: nrfni;:;:};:i:•Y ::(v4: �:::::: {u }:ti }:;! +' �:::i � }: {?::ji: { } }::� f :y:;:•r:: "Gi::::::ti ti ............... ............................... ? n}:?:• r:•}}}}: ir:::::::.}:::. t:.r' :::::::::::::::{ rr?:::::::i t: r{ ii t{{.:$ J} r} rrr : {•}: {4 %.:•rti ^:;:, +. { {ryi:[t•:: ;•:::::• r':: i.::?• ;•::ii:y:y; } }r: {ir::•�.rw:...v tx�w:•r:ii•r:•. i...: ff.::i:•r ...... v. v .....:..................................:.... vv............... v......... v......... v...... v...... v...........t:: S: ti •,i �: }::::::::::::rnvr......... r..........:.............. TO: Economic Development Co -op Committee FROM: Jim Nanninga DATE: April 13, 1998 SUBJECT: Next Meeting The next meeting is scheduled for April 30th, Thursday at 7:00 p.m. at the Beecher Center, Austin Room.