Jo-Carroll Depot Local Redevelopment Authority
Finance
& Personnel Committee
9:00 a.m.,
February 16, 2010
Savanna Depot Business, Industry &
Savanna, IL
CALL TO ORDER: Mr. Olds called the meeting to order at 9:04 A.M. on Tuesday, February 16, 2010.
ROLL CALL was answered as follows: Present- Don Crawford, Bill Sparboe and Ed Olds. Present: 3. Absent: Bill Wright; 1. Other board members and staff present: Bill McFadden, Diane Komiskey, Mara Roche and Dawn Hall. Guests: Ole Bly Pace (RRX), and Tom Kamper (RRX).
III: APPROVAL OF COMMITTEE MINUTES
A motion to approve the Finance/Personnel
Committee minutes from January 19, 2010 was made by Bill Sparboe, seconded by Don
Crawford. The motion carried by voice vote.
IV: OLD BUSINESS
A. Cost-cutting measures – Reviewed mowing options prepared by Mrs. Roche.
Mrs. Komiskey noted that $20,210 had been spent on mowing in 2009 and the 2010 budget was $23,000.
A motion to recommend
to the full board the proposed 2010 mowing plan as modified—reducing the 2.04
acres along the west side of Crim Drive to 0.5 acres
and mowing the Access Road less often was made by Don Crawford, Bill Sparboe
seconded. The motion carried by voice vote.
B.
Revenue-generating measures – grants – Mrs. Komiskey informed the
committee of some grants that may be available. One was a CTAA grant that is
only available in Jo Daviess County and pays 95% of project cost. The other is
an EDA Public Infrastructure grant that requires a 50% match.
C. Insurance update – Still working on obtaining quotes. One company declined. The main challenge is determining the value of the water & sewer system and most insurance companies do not want to insure vacant buildings. Mrs. Komiskey asked the committee if there are any buildings that they are willing to not insure. The committee thought the stables and the gym could be uninsured. They wanted to continue to insure buildings 1, 9, 245 and 249. They did not want to spend any money on learning the value of the water and sewer system.
D. Platting update – nothing at this time.
E. 2010 parcel transfer schedule & pushback – Mrs. Komiskey reported that we are getting a good response to the resolutions of support to expedite property transfer. She called attention to the resolution of support from Rescar. She informed the committee that a meeting is set for March 15 with Charlene Falco, Bob Carson and Elmo Dowd of IEPA, Bryan Davis of Congressman Manzullo’s office and one or two representatives of the DCEO.
Discussed Phil Jensen’s letter and comments to John Clarke regarding the FOST related to Parcel 14. The committee appreciated Mr. Jensen’s comments and thought it was important for him to be present at the IEPA meeting with Ms. Falco on March 15.
The committee reviewed correspondence from John Clarke regarding a possible LUC on Parcel 3.
V: NEW BUSINESS
A. Outstanding Invoices – nothing to report
B. Bank account balances – The committee reviewed the bank account balance sheet. As of 1/14/2010 the grand total of LRA money is $1,848,161.41. This includes $30,000 from Riverport Railroad for the purchase of Building 115.
C. CDs transfers – Next CD to mature is March 22, 2010.
D. Bills over $2500 –
A motion to recommend
to the full board to pay Rescar, Incorporated $3,483
for snowplowing from the month of December was made by Don Crawford, Bill
Sparboe seconded. The motion carried by roll call vote as follows: Don
Crawford, Bill Sparboe, Ed Olds.
E. Tenant lease/rent report – The committee conducted their quarterly review of the lease/rent report. Mr. Olds requested a monthly total column be added.
F. Tenant’s request for assistance – Eagles Landing has requested their monthly lease payments to remain $3300 per month for the balance of their contract. The committee discussed the request and reviewed EL balance sheet. It was noted that EL has paid off 94% of their property and has received title to only 29 percent.
A motion to extend the $3300 monthly lease payments for one more year and to review annually if requested by EL was made by Don Crawford, Bill Sparboe seconded. The motion carried by voice vote.
Eagles Landing made an additional request for the LRA to repair, upgrade or replace the scale. Mr. Crawford noted that the scale is on Hanover Fire Protection District property. No further response from committee.
Riverport Railroad requested to advance payment of Building 504 and presented a check to the LRA for $16,894.17 to pay off building 504 in full.
A motion to accept
$16,894.17 from Riverport Railroad for final payment of Building 504 was made
by Don Crawford, Bill Sparboe seconded. The motion carried by voice vote.
VI: PUBLIC COMMENT – Mr. Pace reported that Riverport Railroad had signed a letter of intent with Schafer Fisheries to do business in one of their buildings. They are working to rid local rivers of asian carp and to recycle the waste to be used for organic farming.
VII: ADJOURNMENT
A
motion to adjourn was made by Bill Sparboe, seconded by Don Crawford at 9:48 a.m.
The motion carried by voice vote.
_____________________________
Dawn Hall,
LRA Secretary