Creamery redevelopment update
March 17, 2014 – EDA Meeting Minutes
A meeting of the Freeport Economic Development Authority was called to order by Jim Hemker at 12:05 P.M. with members Mason Schirmer, Carrie Goebel and Bud Heidgerkin present. Andy Welle arrived after meeting was called to order. President Matt Worms was absent.
Approval of agenda
Heidgerken moved and Goebel seconded a motion to approve the agenda. Motion carried 4-0.
December 16, 2013 Meeting Minutes
Goebel moved and Heidgerkin seconded a summary motion to approve the December 16, 2013 meeting minutes. Motion carried 4-0.
Welle arrived at 12:10 P.M.
Business Subsidy Policy and Criteria
Schirmer presented a template for a business subsidy policy. Schirmer said the template was originally distributed during the October 2013 meeting of the EDA; however, no feedback discussion had been had on the document yet.
Hemker said applicants should provide: 1) 3 years of financial statements; 2) year-to-date financials; 3) personal financial statements and 4) a statement of position. Members agreed the information would be appropriate. Hemker said the financial statements would not be reviewed by the EDA members; rather, an independent financial analyst such as Ehlers, Inc would review the documents and provide recommendations. Hemker said members would still need to comply with confidentiality agreements. Hemker asked Schirmer to verify procedure with Ehlers.
Industrial Park Lot Advertising
Schirmer said recent advertising has generated no inquires for interested buyers. Schirmer said the City is considering upgrading their website, which should help online presence by helping interested persons find the lots by searching www.google.com. Members agreed to not authorize any further advertising until after the website is up and running.
Hemker said Councilmember Rodney Atkinson has been a distraction to the City (referring to Atkinson’s actions which have been documented in City Resolution 2014-007) and have created negative publicity for the City. Hemker said Atkinson needs to understand that he [Atkinson] is there to serve the community, not himself.
The City of Freeport is an Equal Opportunity Provider