Peoria Standard

City of Chillicothe Economic Development Committee met Feb. 20.

Here are the minutes provided by the committee:

Present in person: Chairman Connor, Alderperson Gehrig, Alderperson Jeff Jenkins, Economic Development Director Amanda Beadles, Mayor Hughes and attorney William Streeter.

Public Comment:

Chris Adkinson was in the audience so Chairman Connor re-prioritized agenda items for Chris Adkinson and William Streeter.

PURPOSE:

HELP Loan Request - Chris Adkinson

Director Beadles presented HELP loan request from Chris Adkinson. Mr. Adkinson was in the audience to discuss his project. Discussion ensued. The consensus of the committee was to have Director Beadles run the project through zoning and report back at next Economic Development meeting.

HELP Loan Request – Cami Burnett

William Streeter presented the information on the HELP loan for Cami Burnett. The committee had concern over the issue of ADA accessibility to 2nd Floor and 2nd Mortgage collateral. Discussion ensued. The consensus of the committee was to have Director Beadles follow up with Cami to have the architect determine the feasibility of an elevator and to check on additional collateral and report back at next ED meeting.

HELP Loan Request – Christine Greene

Director Beadles pulled this request per direction of Ms. Greene. Ms. Greene had a personal matter taking precedence over her business startup.

822 4th Street & 314 Walnut Street – Purchase

Director Beadles presented the purchase agreement for the properties on 822 4th Street & 314 Walnut Street. Director Beadles stated the correct contract purchase price is $75,750. The motion approved on January 9th stated $74,750. Attorney Streeter reviewed the Sales Contract with the committee. Edits were suggested. Attorney Streeter stated edits would be made and ready for the agenda packet for the next council meeting. Director Beadles also stated Chad and Nikki Keedy are agreeable for the city to place the memorial rock in the River Corridor walkway. She stated the Keedy's asked if the buildings had to be empty. Director Beadles stated she would check with the demo company of Schaefer & Son Construction. Discussion ensued. The consensus of the committee was to send the agreement to council for approval and to plan for the memorial rock to be ordered and placed in the River Corridor walkway.

Delinquent HELP Loans

Director Beadles presented two delinquent HELP loans. She stated she continued to receive payments from Nick's Phillips of Nick's Autobody and no payments received from Andrew Meyers. Director Beadles asked the attorney about foreclosure. Attorney Streeter stated Meyers foreclosure was ready to go but was held off due to the potential upcoming purchase. Discussion ensued. The consensus of the committee was to continue working with Nick Phillips and to proceed with sale opportunity.

Enterprise Zone Permit Fees

Director Beadles presented Enterprise Zone Project List. She explained the attorney's findings that the City of Chillicothe does not charge Permit Fees on Enterprise Zone Applications. Discussion ensued. Consensus of the committee was to send to council to approve refunding the 2022-2023 Enterprise Zone permit fees and to budget money in the 2023-2024 fiscal year to allow refunding the Enterprise Zone permit fees charged from 2017-2021.

Budget Review

Director Beadles presented the January budget. She discussed the balances for the Central program, HELP loan balance, façade balances for TIF Business Façade and General Façade, pending payouts and the consultant's budget.

Q3 EDC Review

Director Beadles presented the Q3 EDC Report. She highlighted the comparison of the 3rd Quarter Sales Tax revenue verses 3rd Quarter last fiscal year and noted and increase of 19% for November, 12.44% for December and 7.74% for January and listed the 3rd Quarter Council items.

ARPA Use of Funds

Director Beadles presented two potential ARPA funded invoices. 1) Hoerr for lining Pine street for $55,480 and Brotcke Well & pump for $19,087.00 Discussion ensued. The consensus of the committee was to report the ARPA purchase to the Finance committee and forward on to council for approval.

Grant Updates

DCEO HR220075 - $400,000

Director Beadles stated the Notice of State funding is ready to be accepted on GATA. Discussion ensued. The consensus of the committee was to accept the funding.

DCEO SR220071 - $250,000

Director Beadles stated this grant was waiting on Notice of Funding.

Update - M&T Commission

SWOT Analysis Objectives Tourism, Business, Residential

Director Beadles presented three SWOT analysis reports from M&T Commission. The concensus of the committee was to take time to review the documents and report back at next meeting.

Discover Chillicothe Invoice

Director Beadles pulled item due to waiting on answer from PACVB.

SUMMARY

Chairperson Action

• Announce HR220075 for $400,000 has been accepted by the City in GATA.

Council Agenda Items

• Refund Enterprise Zone Permit Fees

• 822 4th Street & 314 Walnut Street Purchase

• Approve ARPA expenditure for Hoerr Construction for Lining Pine Street

• Approve ARPA expenditure for Brotcke Well & Pump invoice for $19,087.00

https://cms9files.revize.com/chillicothe/02.20.23%20edc%20minutes.pdf