Jo-Carroll Depot Local Redevelopment Authority
Finance
& Personnel Committee
9:00
a.m., Tuesday, September 21, 2010
Savanna Depot Business, Industry &
Savanna, IL
I: CALL TO ORDER: Chairman Ed Olds called the meeting to order
at
9:00 a.m. on Tuesday, September 21,
2010.
II: ROLL CALL was answered as follows: Present- Don
Crawford, Paul Hartman, Bill Wright, and Ed Olds. Present: 4. Absent: 0. Other board members and staff present: Bill
McFadden, Ron Smith, Mara Roche and Jan Davis. Guests: Tom Kamper (RVPR).
III: APPROVAL OF MINUTES OF AUGUST
17, 2010
A motion to
approve the Finance/Personnel Committee minutes from
August 17,
2010 was made by Paul Hartman, seconded by Don Crawford. The motion carried by
voice vote.
A motion to
approve the Finance/Personnel Committee Executive Session minutes from August
17, 2010 was made by Paul Hartman, seconded by Don Crawford. The motion carried by voice vote.
IV: OLD BUSINESS
A.
CDAP Grant for Barracks Buildings – Update given; Mr. Ed Olds will
contact the grant writer for a progress report.
B.
Parcel 3A Platting Update – Mr. Bill McFadden will contact Julie Yuswak
of the Carroll County Zoning Board to make sure everything is progressing.
C.
Special reports, updates requested by committee – THE National Bank’s
pledge report dated July 29, 2010 and
A motion to
enter into executive session at 9:06 a.m. as permitted for the following under:
5
ILCS 120/2 (c)(1) the appointment,
employment, compensation, discipline, performance or dismissal of specific
employees of the public body or legal counsel for the public body, including
hearing testimony on a complaint lodged against an employee of the public body
or against legal counsel for the public body to determine its validity
was made by Bill Wright, seconded by Paul Hartman. The motion carried by roll call vote as
follows: Don Crawford, Paul Hartman, Bill Wright and Ed Olds. Ayes: 4, Nays: 0
All guests
were excused. Board members Bill McFadden, Ron Smith and staff were present.
A motion to
return to open session at 9:16 a.m. was made by Bill Wright, seconded by Paul
Hartman. The motion carried by roll call vote as follows: Don Crawford, Paul
Hartman, Bill Wright and Ed Olds. Ayes: 4, Nays: 0.
Guests
returned to open session at 9:16 a.m.
VI: RECOMMENDATION FROM EXECUTIVE SESSION
A motion to
the full board to approve the elimination of the Executive Director position; the
duties of the Executive Director and Property Manager will be combined and assigned
to Mara Roche, salary to be determined by negotiations between Mara Roche and
the Finance/Personnel Chairman was made by Don Crawford, seconded by Bill
Wright. The motion carried by voice
vote.
A motion to
the full board to approve a $1,000 bonus to Jan Davis for her work during the
LRA’s crisis of Diane Komiskey’s passing and Mara Roche’s simultaneous
maternity leave was made by Don Crawford, seconded by Bill Wright. The motion carried by voice vote.
A. Outstanding
invoices, if any - All outstanding invoices were reviewed.
B. Funds on hand – As of September
20, 2010 the grand total of LRA money was $1,758,344.34.
C. CD Transfers,
if any – A 6 month CD held at THE National Bank (#401655) and currently valued
at $106,139.80 matures on September 30, 2010.
CD rate request letters were sent with five banks responding. CD rates were reviewed.
A motion to
the full board to approve the transfer of the funds from Certificate of Deposit
#401655 currently held at THE National Bank to
D. Bills over
$2,500., if any – None.
VIII: PUBLIC COMMENT
–
None.
IX: ADJOURNMENT
A motion to adjourn was made by Paul Hartman, seconded by Don
Crawford at 9:26 a.m. The motion carried by voice vote.
_____________________________
Jan
Davis, LRA Secretary