Jo-Carroll Depot Local Redevelopment Authority
Finance
& Personnel Committee
9:00
a.m., Tuesday, November 16, 2010
Savanna Depot Business, Industry &
Savanna, IL
I: CALL TO ORDER: Chairman Ed Olds called the meeting to order
at
9:02 a.m. on Tuesday, November 16,
2010.
II: ROLL CALL was answered as follows: Present- Don
Crawford, Paul Hartman, Bill Robinson and Ed Olds. Present: 4. Absent: Bill
Wright. Absent: 1. Other
board members and staff present: Ron Smith, Mara Roche and Jan Davis. Guests: Amiee
Malon (RVPR).
III: APPROVAL OF MINUTES OF OCTOBER
19, 2010
A motion to
approve the Finance/Personnel Committee minutes from
October 19,
2010 both Regular and Executive Sessions, was made by Paul Hartman, seconded by
Don Crawford. The motion carried by voice vote.
IV: OLD BUSINESS
A.
CDAP Grant for Barracks Buildings – item closed; per Sharon Pepin we can
reapply at the beginning of the year. Remove
from agenda.
B.
Parcel 3A Platting Update – Mara Roche reported that Washington Township
had their meeting on November 7th and are asking the LRA to sign an agreement
to help with the mowing and plowing in return for their taking possession of B
& C Streets. An agreement is being
drafted by attorney Phil Jensen.
C.
Special reports, updates requested by committee – THE National Bank’s pledge
report dated October 27, 2010 was reviewed.
A.
Outstanding invoices, if any – All outstanding invoices were
reviewed. Attorney Phil Jensen is
currently drafting a letter to all tenants with outstanding invoices.
B.
Funds on hand – As of November 15, 2010 the grand total of LRA money was
$1,768,187.04.
C.
CD transfers, if any – CD #399795 currently held at THE National Bank
matures November 16, 2010. Rate request
letters were sent out; results were reviewed by the committee.
A motion to the
full board to approve keeping the Certificate of Deposit #399795 at THE
National Bank, changing the term to 12 months at 0.90% interest was made by Don
Crawford, seconded by Paul Hartman. The
motion carried by roll call vote as follows: Don Crawford, Paul Hartman, Bill
Robinson and Ed Olds. Ayes: 4, Nays: 0.
D.
Bills over $2,500., if any – none.
E.
Property Review – Mara Roche presented a packet showing: all LRA properties
for sale today; all LRA properties under contract and monies expected once each
lot is transferred to the prospective purchasers. Ed Olds requested that the Board receive
copies of these packets as well.
F.
Request from Illinois Information Management (IIM) – Mara Roche reported
that she had sent a letter to IIM as instructed at the November 3, 2010 Board
meeting, and presented the committee with a written response from IIM asking
for a 90 – 120 day extension. The
committee discussed the request.
A motion to the
full board to send a letter to IIM denying the extension and asking them to
provide us with what they consider to be “structural” was made by Paul Hartman,
seconded by Bill Robinson. The motion
carried by voice vote.
VI: PUBLIC COMMENT – Ron
Smith asked about parcels that are at the BRAC office, not being released for a
length of time. He stated that he would
be willing to do whatever is necessary to get those parcels released.
Ron Smith also realizes that property sales listed
in the newspapers do not reflect the actual purchase price as rent credits,
etc. are not included. He asked what
purchase price is actually recorded with the county assessors. Mara Roche replied the counties are supplied
with the original contracts before any credits, and that is the information used
to calculate the lease taxes.
A motion to adjourn was made by Paul Hartman, seconded by Don
Crawford at 9:44 a.m. The motion carried by voice vote.
_____________________________
Jan
Davis, LRA Secretary