Meeting Minutes
COMMUNITY IMPROVEMENT CORPORATION MEETING
Tuesday, July 19, 2011 at 7:30AM
Evendale Municipal Building, 10500 Reading Road, Evendale, Ohio
Attendees: Hugh McKinnon, Chris Schaefer, Carolyn Smiley-Robertson, Bob Szczur, Al Pearlman, and Jack Cameron.
Recurring Business:
1. Approval of Minutes from May 17 and June 21, 2011 Meeting (1st Schaefer, 2nd Szczur – 4 aye, 0 nae, Smiley-Robertson not present for vote).
2. Economic Development update.
a. White Castle should be starting work soon. They have filed for their permit, although they have not received their final to start work.
b. The Sphere, Darroll Alexander, contacted Jack earlier in the month to explain that they were going to close on Friday due to mounting utility bills that they cannot pay. Jerome Marsh contacted Jack about an hour later to ask about follow up to the CIC meeting at The Sphere in June and if the CIC had determined any financial ways to help them. Jack inquired about the status of Darroll’s call earlier and Jerome stated his surprise with the information. Jack informed Jerome that the CIC will not be supporting any financial help to The Sphere at this time. The general consensus of the CIC was that The Sphere needed a year or two of track record before this could even be considered.
c. Village Landing – The real estate signs are on the property and have brought in 6 calls from interested parties. 4 were not of interest from a use standpoint and 2 were from investors. Jack explained to each one that the Village is interested in 3 things; earnings tax generation, quality of the build out, type(s) of use on the property. No set purchase price and it would be dependent on the 3 previously stated criteria.
d. Rural Metro property on Medallion Drive has a prospective buyer. This prospective buyer and tenant would bring in approximately 70-75 jobs. No time frame for final purchase or subsequent building modifications are known.
New Business:
1. Mike Albert Fleet Solutions Enterprise Zone tax abatement.
Consideration of EZ application filed with Hamilton County Development Company and recommended action to Village Council.
a. The CIC considered the Enterprise Zone tax abatement for Mike Albert Fleet Solutions. This EZ agreement would provide a 75% property tax abatement for 8 years.
i. The project is a new investment to their office facility on Evendale Drive estimated at $1,300,000;
ii. Retaining the current employee count of 154 full time persons (approximate earnings tax of $8,975,804);
iii. Create 50 new full time positions from 2012 to 2014. New jobs created would be 15 in 2012, 20 in 2013, and 15 in 2014.
iv. Total estimated increase to payroll would be $657,500 in 2012, $876,000 in 2013, and $657,500 in 2014 for a total of $2,191,000; and
v. The Village would be required to share 50% of the new earnings tax actually generated with the Princeton School District. Based on the estimated new payroll and 1.2% earnings tax our share amount would be $3,945 for 2012, $9,201 for 2013, $13,146 for 2014 to 2019.
b. The CIC recommends that Village Council approve the Enterprise Zone agreement for Mike Albert (1st Szczur, 2nd Schaefer – 4 aye, 0 nae, Smiley-Robertson not present for vote).
Old Business:
1. Business Ready Evendale Strategy action item update including; zoning code revision status, website, etc.
a. Jack updated the CIC on the Zoning Code revision. The Planning Commission has a public hearing scheduled tonight to begin their process of considering a zoning code revision. Staff recommendations are available and Planning Commission should discuss their intended process tonight at the meeting and not any specific changes to the code.
2. Village Landing – see above.
3. Village Crossings – Al. Neyer and the Medical Center have continued to meet and are working on scenarios for projected use needs.
Other:
1. Plattenburg completed financial statements and subsequently invoiced the CIC for the work. The CIC had a question about the completeness of the work which did not include the financial disclosures and actual financials. Jack will work to get that information from Plattenburg. CIC voted to allow the payment to be released when Al and Jack are satisfied that the work is completed properly (1st Schaefer, 2nd Szczur – 4 aye, 0 nae, Smiley-Robertson not present for vote).
Discussion Items for Next Meeting
Date of Next Meeting and Adjournment (1st Schaefer, 2nd Pearlman – 5 aye, 0 nae).
Next Meeting Tuesday, August 16, 2011 at 7:30am.
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