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HomeMy Public PortalAbout12/27/1995 special joint w/ cacfidCity of Greencastle City Hall &> :® I- Four east Walnut Street Don Weaver. Clerk - Treasurer Greencastle, Indiana 4613 r ' GREENCASTLE COYIVION COUNCIL Special Session Joint :Meeting with CITIZENS ADVISORY COMMISSION FOR LNIDUSTRIAL DEti­ELOP_NLENT (CACFID) December 27. 1995 The Greencastle Common Council met in special session in a joint meeting with the Citizens Advisory Commission for Industrial Development (CACFID) on Wednesday, December 27, 1995. at 1:00 pm. in the Board Room of Walden Inn. The meeting was called to order by Mavor Michael Harmless at 1:09 p.m. On the Common Council Roll Call. the following members were found to be present: Councilor Mark Hammer, Councilor Charles Miles. Councilor Sue Murray, Councilor Fom Roach and Councilor Mike Rokicki. On the CACFID Roll Call. the Following voting members were found to be present: Commissioner Nelson Ford, Mayor Michael Harmless. Commissioner David Jackman. Commissioner William Marley (Ex Officio - non - voting) Commissioner David Mutrav, Commissioner Alan Stanley (Ex Officio - non - voting) and Commissioner Gary Huber. Also present were Citv Attorney John Zeiner and vlr. Bob Evans and Mr. Ted Willer, representing *.he Putnam Countv Foundation. Vlinutes of the joint meeting held on December 12. 1995 had been distributed to Council and Commission. It was noted that the spelling of Mr. 'Wiper's name was incorrect. For the Commission. Commissioner Ford moved and several Commissioners seconded the motion to approve the minutes as corrected. The motion carried on an aye unanimous (5 -0) vote. For the Council. Councilor Murray moved and Councilor Miles seconded the motion to approve the minutes as corrected. The motion carried on an aye unanimous (5 -0) vote. Discussion of Proposal to Transfer Industrial Development Funds to the Putnam County Foundation: Revised copies of the document entitled, "Designated Endowment Fund Agreement between Putnam County Foundation, Inc. and Citizens Advisory Commission for Industrial Development and the City of Greencastle" ( "The Agreement") had been distributed. City Attorney Zeiner commented on changes that have been made. Mr. Bob Evans indicated that he has discussed the revised agreement with Lilly Foundation representatives:. they say the gift under these conditions is matchable. Commissioner Ford indicated he still has concern about the loss of control of the money. Commissioner Murray voiced a similar concern, asking if a statement could be added to the agreement to the effect that the funds will always be available to Industrial Development projects. Mr. Zeiner said such a statement would violate State statutes. Mr. Zeiner suggested that the Commission's concerns could be addressed by adding the following wording at the :;nd or the .ast sentence of Section 5: . hmueu oniv as required oy !R`. Mr. Zeiner asked if the Foundation has any problem with the Foundation bve -law changes required by the agreement. Mr. Evans reported that, after some discussion, the proposal passed unanimously at a recent meeting of the Foundation board. Commissioner Murray asked Mr. Evans, "What is the match situation right now?" Mr. Evans replied that he couldn't say exactly, but 5650,000 would ensure that the Foundation would receive the maximum match. Commissioner Murray moved that the Citizens Advisory Commission for industrial Development accept the terms of the agreement, with the wording change suggested by Mr. Zeiner, and commit 5650,000 to the Greencastle Industrial Development Fund in the Putnam County Foundation. Commissioner Jackman seconded the motion. It was pointed out that under Section 6 of the agreement, any funds that are not matched will revert to the City. Mayor Harmless pointed out that previous discussion had assumed a 5500,000 gift; he asked Council members if the increase to 5650,000 was a problem. From the discussion that ensued, it appeared not to be. Commissioner Ford stated, "'Ay concern for two years has been to preserve the funds. Their value is in being leveraged." He then indicated that he would abstain from voting on the agreement since he also sits on an advisory group for the Foundation. The question was called. The motion to accept the agreement as modified, with a figure of $650,000, carried on a =4 -0 -1 vote as follows: AYE NAY ABSTAIN Mavor :Michael Harmless Commissioner David Jackman Commissioner David Murray Commissioner Gary Huber Commissioner `leison Ford For the Commission, Commissioner Jackman moved to adjourn, Commissioner Ford seconded, and the motion carried on an aye unanimous (5 -0) vote. For the Council, Councilor Hammer moved to adjourn, Councilor Murray seconded and the motion carried on an aye unanimous (5 -0) vote. The meeting was adjourned at 1:58 p.m. Mayor Chairman of ATTEST: l- ,Clerk- Treasurer • o pa'uuiU \m'xi�w k:aunciI \I:]705.nun