EDC Minutes 1998 03-31-98 i
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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.
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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 Some things can not be published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.
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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.