FINANCE AND ADMINISTRATION
MINUTES
Monday, June 26, 2006
Minutes of a regular meeting of the Finance and Administration Committee of the City of O’Fallon, held in the Mayor’s Conference Room, City Hall, 255 S. Lincoln, O’Fallon, Illinois on June 26, 2006. CALL TO ORDER: Time: 5:30 p.m.
ROLL CALL: MEMBERS _Medford - X____ _Reckamp - X ____
_West - X ____ _Drolet - ____
_Grogan - X____
STAFF LIAISON: Dean Rich, Walter Denton, Pam Funk, Alderman Albrecht, True and Schmitt .
Approval of the minutes from May 22, 2006 _______________________
Item 1 Sister City Proposal
Alderman True reported that the country of Ireland has been selected and he is applying for a list of Irish cities who are interest in the Sister City Program. More next meeting.
Item 2 Review of Must-Pay List
After a review of the current Resolution 97-009 it was determined that Parks refunds and summer pay were covered. Summer hires will be paid on the same schedule as regular employees and all refunds will be processed as received.
Item 3 Museum Building Upgrade
The museum has requested permission to install a door between the first floor and the second floor stairs. Currently, you must go outside to go upstairs. The cost will be approximately $4,000 and the historical society will fund the full amount. The committee agreed to this building alteration provided the work meets our current building codes.
Item 4 Economic Development Assistance - Frieze
Director of Finance briefed on the ongoing negotiations with Frieze Harley Davidson to move to O’Fallon. Mrs. Frieze was in attendance to disclose that she is preparing to close on the Green Mount property directly south of Sonic and CVS drug. This will be a large state of the art Harley Davidson dealership and one of the first dealerships in the nation to be a LEEDS certified building. LEEDS is a certification program that is awarded to building projects that are environmentally efficient. This includes building, material, green space, landscaping, HVAC and exhaust screening in the repair shop. The staff has been working with Mrs. Frieze for 18 months and is extremely pleased with her project. Staff recommends that she receive and Economic Incentive
Package consisting of a $1.5 million SSA and a Sales Tax 50/50 rebate agreement for $125,000. Both actions are in accordance with the current City of O’Fallon Incentive Policy. These actions are not the result of a bidding war between cities. Mrs. Frieze never discussed money or indicates any incentives offered by others. She presented a solid business plan, indicated what incentives she needed to make her plan work and her request were in line with our police in intent, benefit and financial amount. A resolution of intent was proposed for the July 17 council agenda. Motion by Medford. Seconded by Grogan. 3 yeas, 1 nays with Mr. Reckamp asking to be noted as opposed to rebate agreements.
ADJOURNMENT: 5:55 p.m._________ PREPARED BY: ___Dean Rich _
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