Jo-Carroll Depot Local Redevelopment Authority

Finance & Personnel Committee

9:00 a.m., February 27, 2009

3651 Crim Drive, Suite 1

Savanna Depot Business, Industry & Technology Park

Savanna, IL

 

 

 

            CALL TO ORDER:  Chairman Ed Olds called the meeting to order at 9:00 A.M.

 

            ROLL CALL was answered as follows: Present- Don Crawford, Bill Sparboe, and Ed Olds. Present: 3. Absent: Bill Wright. Absent: 1. Other board members and staff present: Bill McFadden, Ron Smith, Diane Komiskey, Mara Sutton and Dawn Hall. Guests present: Tom Kamper (Riverport Railroad), Rob Canier (IITC), Rick Stickle (Eagles Landing), Craig Wright (Eagles Landing), Kevin Campbell (Eagles Landing).

 

            AGENDA ITEM 3: APPROVAL OF COMMITTEE MINUTES

            The Finance and Personnel Committee regular session meeting minutes from February 4, 2009 were approved by a motion made by Don Crawford, seconded by Bill Sparboe. The motion carried by voice vote.

 

AGENDA ITEM 4:

Executive Session as permitted under 5 ILCS 120/2 ( c)(6) 

            The setting of a price for sale or lease of property owned by a public body.

 

A MOTION WAS MADE BY DON CRAWFORD, SECONDED BY BILL SPARBOE TO INITIATE CLOSED EXECUTIVE SESSION AT 9:02 A.M. ROLL CALL VOTE ANSWERED AS FOLLOWS: DON CRAWFORD, BILL SPARBOE, ED OLDS. AYES: 3. NAYS: 0.

 

MOTION TO EXIT CLOSED SESSION WAS MADE BY BILL SPARBOE, SECONDED BY DON CRAWFORD AT 9:12 A.M. ROLL CALL VOTE ANSWERED AS FOLLOWS: DON CRAWFORD, BILL SPARBOE, ED OLDS. AYES: 3. NAYS: 0.

 

            AGENDA ITEM 5: OLD BUSINESS

A.     Cost-cutting measures – to be presented at Infrastructure Committee

B.     Revenue-generating measures – to be discussed under 6I.

 

AGENDA ITEM 6: NEW BUSINESS

A.     Bills over $2500

A MOTION TO APPROVE PAYMENT OF $6219 TO MINOR GILROY & MEADE WAS MADE BY BILL SPARBE, SECONDED BY DON CRAWFORD. THE MOTION CARRIED BY VOICE VOTE.

B.     Outstanding Invoices – None.

C.     Bank account balances – Bookkeeper presented bank account balance sheet for review. As of 2/25/09, the grand total of LRA money is $1,917,352.79

D.     CDs transferred since last meeting – none

E.      Reviewed budget as affected by property transfers.

F.      Reviewed tenant lease spreadsheet

G.     Non action item

H.     Reviewed request for a reduction of lease payments from Eagles Landing

A MOTION TO RECOMMEND TO THE FULL BOARD APPROVAL OF THE REDUCTION OF LEASE PAYMENTS TO $3300 PER MONTH FOR A PERIOD OF ONE YEAR FOR EAGLES LANDING WAS MADE BY DON CRAWFORD, SECONDED BY BILL SPARBOE. THE MOTION CARRIED BY ROLL CALL VOTE AS FOLLOWS: DON CRAWFORD, BILL SPARBOE, ED OLDS. AYES 3. NAYS 0.

 

            I. Request for contract for salvage services – Reviewed a salvage and scrap contract with CIMCO presented by Rob Canier.

A MOTION TO RECOMMEND TO THE FULL BOARD TO ENTER INTO THE SALVAGE AND SCRAP CONTRACT WITH CIMCO FOR A PERIOD OF ONE YEAR AT NO COST TO THE LRA AND TO REVIEW THE CONTRACT AT THE END OF ONE YEAR WAS MADE BY BILL SPARBOE, SECONDED BY DON CRAWFORD. THE MOTION CARRIED BY ROLL CALL VOTE AS FOLLOWS: DON CRAWFORD, BILL SPARBOE, ED OLDS. AYES 3. NAYS 0.

 

 

AGENDA ITEM 7: OTHER BUSINESS – Report on stimulus bill, BRAC cleanup funds were dumped from stimulus bill.

 

            AGENDA ITEM 8: PUBLIC COMMENT – None

 

            AGENDA ITEM 9: ADJOURNMENT

            A motion to adjourn was made by Bill Sparboe, seconded by Don Crawford at 9:30 a.m. The motion carried by voice vote.

           

 

 

ญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญญ_____________________________

Dawn Hall, LRA Secretary