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MINUTES OF THE CITY COUNCIL MEETING
HELD ON JULY 2, 2007
The meeting was called to order by Mayor Gary Koerner at 7:00 P.M. with all
council members present at roll call except John Haney and Butch Cook. Staff
members present were Steve Reynolds, Gordon Beck, Jeff Clawson and Sue Marcum.
Minutes of the June 18, 2007 City Council Meeting were approved on a motion made by Dawn T. and seconded by Shirley. Roll call: Shirley Chancellor-yes, Dawn Hanafin-yes, T. A. Whitsitt-yes, Nancy Bentley-yes, Dave McClelland-yes, Dawn Thompson-yes. Motion carried 6 yeas, 0 nays.
John Haney was seated at 7:05 P.M.
Jeff reported to the council that the Oslad grant application had been submitted and grant awards would be announced in the month of January, 2008. Jeff also reported the school approved the construction of tennis and basketball courts in Bowman Park.
Shirley moved and T. A. seconded the motion to allow up to $25,000 in tax increment financing for Lucky Aces (Dave Novitski) for the renovation of the building located at 200-202 E Center Street. Upon completion of renovation and proper documentation of all cost eligible expenses the city will reimburse up to $25,000.
This reimbursement will be considered a 0% loan forgiven over 25 months. The restaurant must be open before the developer is eligible to receive any funds. Once the restaurant is open for business and the developer has received the funds, the business must remain viable as a restaurant with the same owner for 25 months. Each month the restaurant is open, 1/25 or $1,000 will be converted from loan to grant. At the end of 25 months, the entire loan will have been converted from loan to grant. If the developer closes or sells the restaurant prior to the end of the term, all funds not being converted to grant must be reimbursed to the City.
In addition, the building owner will be reimbursed for up to $6,250 in expense for replacing the range hood and meeting all requirements outlined by the McLean County Public Health Department.
To receive funds, the owner must provide proper documentation showing an expenditure of at least $11,000 to replace the hood. In addition, he must provide written documentation showing that the McLean County Public Health Department has approved all changes and authorized the opening of the facility as a restaurant. In addition, this work must be accomplished prior to July 15th, 2007.
If the work is not completed by July 15th, 2007 then the $6,250 in reimbursement will be considered void.
Both parties must provide and sign all required documents including the redevelopment agreement, promissory note and cash advance agreement. Roll call: John Haney-yes, Shirley Chancellor-yes, Dawn Hanafin-yes, T. A. Whitsitt-yes, Nancy Bentley-yes, Dave McClelland-yes, Dawn Thompson-yes. Motion carried 7 yeas, 0 nays.
Motion was made by Shirley and seconded by Dawn T. to leave unchanged the original TIF proposal after evaluating a revised proposal submitted by J. T. Bedell. Roll call: John Haney-yes, Shirley Chancellor-yes, Dawn Hanafin-yes, T. A. Whitsitt-yes, Nancy Bentley-yes, Dave McClelland-yes, Dawn Thompson-yes. Motion carried 7 yeas, 0 nays.
The New Old Bank Inn, operated by Jeff Curry, submitted a request for TIF assistance with the cost of adding a business logo sign for the restaurant to the Interstate 74 signing program. Motion was made by Dave and seconded by Dawn T. to approve a TIF proposal allowing up to $2,500 for the cost of adding the New Old Bank Inn’s logo to the Interstate 74 food listing signs. Roll call: John Haney-yes, Shirley Chancellor-yes, Dawn Hanafin-yes, T. A. Whitsitt-yes, Nancy Bentley-yes, Dave McClelland-yes, Dawn Thompson-yes. Motion carried 7 yeas, 0 nays.
Listed invoices in the total amount of $34,077.29 were approved for payment on the motion made by Dave, second was given by T. A. Roll call: John Haney-yes, Shirley Chancellor-yes, Dawn Hanafin-yes, T. A. Whitsitt-yes, Nancy Bentley-yes, Dave McClelland-yes, Dawn Thompson-yes. Motion carried 7 yeas, 0 nays.
After reviewing and discussing the current city website, motion was made by John and seconded by T. A. to be prepared to review the city website further at the August 6th, 2007 Council Meeting. Roll call: John Haney-yes, Shirley Chancellor-yes, Dawn Hanafin-yes, T. A. Whitsitt-yes, Nancy Bentley-yes, Dave McClelland-yes, Dawn Thompson-yes. Motion carried 7 yeas, 0 nays.
Motion was made by Dave and seconded by Dawn T. to adjourn the regular session of the city council at 9:50 P.M. Roll call: John Haney-yes, Shirley Chancellor-yes, Dawn Hanafin-yes, T. A. Whitsitt-yes, Nancy Bentley-yes, Dave McClelland-yes, Dawn Thompson-yes. Motion carried 7 yeas, 0 nays.
Sue Marcum