HomeMy WebLinkAboutCity Council Committees - Economic Development Corporation - 09/25/2001 (3) ECONOMIC DEVELOPMENT CORPORATION
September 25, 2001
Boardmembers Present: Banister, Clark, Orr, Woods
Others Present: Hillman, Jacober, Skaught
Woods called the meeting to order at 9:32 a.m.
Approval of Minutes. Clark moved to approve the minutes of September 19,
2000. Orr seconded and the motion carried.
Election of Officers. Banister moved to keep the same officers as last year.
Clark seconded and the motion carried. Woods noted that the officers will be
herself as Chair, Morgan Llewellyn as Vice-Chair, Brenda Jacober as Secretary
and John Hillman as Treasurer.
Financial Report. Hillman distributed copies of the financial report and budget
forecast. He noted that there are assets of$36,000, that the net income for the
year was $5,000, that there were no expenses other than allocated expenses,
and that renewal of administrative fees was $9,900 and that they will be dropping
because bonds are being paid off. Upon Clark's question, Hillman noted that one
of the corporations was over billed and that a refund in the amount of$4,900 was
issued.
Hillman noted that there may or may not be an audit in 2002, but that $2,000 has
been set aside if needed.
Orr moved to accept the financial report and approve the projected budget. Clark
seconded and the motion carried.
Other Business
There was no other business to discuss.
Adjournment
The meeting adjourned at 9:37 a.m.
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Brenda Jacober, City Clerk
Secretary