HomeMy WebLinkAboutCity Council Committees - Economic Development Corporation - 09/21/1999 ECONOMIC DEVELOPMENT CORPORATION
September 21, 1999
Boardmembers Present : Woods, Orr, Llewellyn, Banister
Others Present : Assistant Finance Director
Hillman, City Attorney Lubovich,
Economic Development Manager Skaught
Woods called the meeting to order at 3 : 10 p.m.
Approval of Minutes. Banister moved to approve the minutes
of September 15, 1998 . Orr seconded and the motion
carried.
Election of Officers. Llewellyn moved to keep the same
officers as last year, who were Judy Woods-Chair, Morgan
Llewellyn-Vice Chair, Brenda Jacober-Secretary and John
Hillman-Treasurer. Orr seconded and the motion carried.
• Financial Re-port, Hillman distributed copies of the
financial report and noted that retained earnings increased
by approximately $9, 000 . He pointed out that the operating
income for 1998 was $6, 000 more than in 1997, and that
expenses have been minimal . He explained the recap of all
years and said he expects an income in 1999 of $6, 700 .
Llewellyn moved to ratify the 1999 budget and to approve
the 2000 budget . Banister seconded and the motion carried.
Other Business. A Proposal for Public Officials and
Employees Liability Insurance was presented to the Chair
for signature .
Upon a question from Skaught, the City Attorney and
Boardmembers explained the purpose of this group.
Adjournment. The meeting then adjourned at 3 :20 p.m.
Brenda Jaco e City Clerk
Secretary