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HomeMy WebLinkAbout2021-05-04 Business and Economic Development Committee Minutes BUSINESS & ECONOMIC DEVELOPMENT COMMITTEE Tuesday, May 4, 2021, 5:15 P.M. City Council Chambers and Via Zoom MEETING MINUTES BED Members Present:Fournier (C), Davitt, Dubay, Schaefer, Sprague Non-BED Members Present: Hawes, Nichols, Okafor City Staff Present:Collins, Conlow, Emery, O’Donnell Chair Fournier called the meeting to order at 5:15 P.M. 1. Second Public Hearing for use of CDBG Funds (2021 – 2022) Action requested: Open public hearing, hear comments, close public hearing, provide feedback to staff. Vote on staff recommendation to approve the proposed set of uses for CDBG funding for 2021 – 2022 and send forward to City Council for final approval. Tyler Collins provided an overview of the agenda item, possible use of funds for CDBG FY21 (city FY22). First hearing was April 6, 2021. This is based on our five- year consolidated plan. Expected allocation is $1,089,421 including $250,000 of projected program income. Uses are suggested to be housing, rehabilitation, neighborhood stabilization, nonprofit funding, neighborhood public improvements. Councilor Sprague asked about budget notations and how it shows up in the City’s budget. Additional detail will be provided by staff during the budget meeting. Move to open the public hearing made by Councilor Davitt. Seconded by Councilor Schaefer. Roll call vote: Davitt yes, Dubay yes, Schaefer yes, Sprague yes, Fournier yes. 5- 0 in favor, public hearing is open. Public comments: None. Move to close the public hearing made by Councilor Davitt. Seconded by Councilor Schaefer. Roll call vote:Davitt yes, Dubayyes, Schaeferyes, Sprague yes, Fournier yes. 5-0 in favor, public hearing is closed. Motion made by Councilor Schaefer to approve staff recommendation for the proposed set of uses for CDBG funding for 2021 – 2022 and send forward to City Council for final approval. Seconded by Councilor Davitt. Roll call vote: Davitt yes, Dubay yes, Schaefer yes, Sprague yes, Fournier yes. 5- 0 in favor, motion has passage. 2. 29 Franklin Street Credit Enhancement Agreement Amendment Action Requested: Approval of staff recommendation to amend the Development and Credit Enhancement Agreement with Cressey Butler for 29 Franklin to use the FY2019 assessed value ($555,700) as the starting point for calculation of the credit enhancement agreement. The item will then move forward to City Council on May 10, 2021 for final approval. Emery provided an overview of this agenda item, noting the total amount of assistance originally projected to the developer was figured as Motion made by Councilor Schaefer to approve staff recommendation. Seconded by Councilor Davitt. Roll call vote: Davitt yes, Dubay yes, Schaefer yes, Sprague yes, Fournier yes. 5- 0 in favor, motion has passage. 3. Broadband RFP update – Emery provided an update on the process. Questions were due by 4/28 and 99 questions were received, and they appear to be from multiple providers. Staff and Mission Broadband are currently working through those answers. The addendum answering questions will be published by 5/5 and proposals are due back on 5/19. If anyone wishes to review the RFP document it can be found here: https://bangormaine.gov/filestorage/318/360/1271/City- Wide_Broadband_Project_-_RFP.pdf Adjourned at 5:37 pm.