MINUTES OF
THE CITY COUNCIL MEETING HELD ON MAY 18, 2009
The meeting was called to order at 7:03 P.M. by Mayor Steve Dean with all the council members present at roll call. Staff members present were Scott Bryant, Dave Jenkins, Steve Reynolds, Corey Edgington, Jeff Clawson and Sue Marcum.
The consent agenda included minutes of the 5/3/09, Special Meeting, 5/4/09, Regular Council Meeting, 5/09/09, Emergency Meeting, 5/11/09, Special Meeting and the listing of invoices payable in the total amount of $60,885.80. Motion was made by Dawn T. and second was given by Shirley to approve the consent agenda. Roll call: Dawn Hanafin-abstain, Nancy Bentley-yes, Wendy Brent-yes, Dawn Thompson-yes, John Haney-yes, Shirley Chancellor-yes, Boyd Denner-yes, T. A. Whitsitt-yes. Motion carried 7 yeas, 0 nays and 1 abstain.
Shirley gave a progress report on the opening of the Replex.
Shirley moved and T. A. made the second to allocate tax increment financing (TIF) as described: Upon completion of the cat required improvements including bridge cranes for the cat project; Chris Shook (owner) will be eligible for the following TIF incentive reimbursement.
An annual payment of $ 25,000 in reimbursement for tax increment financing cost eligible expenses will be authorized. The annual payment will be based on completion of each of the items referenced in the opening paragraph will run for three years.
Total cap on this project is $ 75,000 of documented cost eligible expenses. Maximum payment will not exceed $ 75,000 of the cost eligible expenses.
The entire amount of reimbursement will be considered a 0% interest loan forgiven if the facility is open and remains open as a going concern for five years (60 months). The developer may be required to sign a promissory note to guarantee the balance due will be repaid if the facility is sold, relocates or goes out of business for any reason prior to the end of the fifth year.
In addition, the City will file a lien for the entire amount to ensure that the property cannot be sold without the City of Le Roy receiving reimbursement for any balance due.
This agreement is subject to all legal requirements outlined in the City of Le Roy Tax Increment Financing Redevelopment Agreement, Cash Advance Agreement, Promissory Note, Liens and related support documentation.
Roll call: Dawn Hanafin-yes, Nancy Bentley-yes, Wendy Brent-yes, Dawn Thompson-yes, John Haney-yes, Shirley Chancellor-yes, Boyd Denner-yes, T. A. Whitsitt-yes. Motion carried 8 yeas, 0 nays.
Motion was made by Nancy and seconded by Shirley to approve the 2008-2009 Fiscal Year Audit Proposal received from Striegel Knobloch & Company for an amount not to exceed $11,500. Roll call: Dawn Hanafin-yes, Nancy Bentley-yes, Wendy Brent-yes, Dawn Thompson-yes, John Haney-yes, Shirley Chancellor-yes, Boyd Denner-yes, T. A. Whitsitt-yes. Motion carried 8 yeas, 0 nays.
Dawn T. made the motion and T. A. seconded the motion to adjourn the regular session of the city council at 7:58 P.M. and move into the scheduled work session.
Sue Marcum,
City Clerk