Business Retention and Development Committee Minutes 2007 11 05

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City Council Business Retention & Development Committee Meeting Minutes November 5, 2007 Page 2 of 4 Hogan suggested that it needed to be determined who would be taking charge of this event. She felt that the BRaD should have a support role but it should not be a City event. She also reminded members that Avista had offered to organize the event. Fleming said that he would contact John Sackett from Avista. Brown said that when this idea was first discussed the vision was for BRaD to organize the first and possibly second meeting to get it started and then the various businesses participating would organize the event. He also suggested that a subcommittee should be formed in regards to this event. Caranci inquired what the goal of having these events was. He sugge he purpose was business networking Fleming said it could also be used to present regional econo s which could be sponsored/presented at universities or banks. Hogan said that something like that would be appropriate for the end of February. BUSINESS ASSISTANC Hogan presented a spreadsheet that will help to trac Ps that have been approved. She said that another column would be added titled "pa ut". She indicated that although the monies provided to a business in the form of a BAP was an indicator to the business that the community was interested in retaining businesses. Hogan said that the City knows of t the other will be forthcoming. . ations for BAP. One has been received and Fleming told members that BAPs, it will show how m anticipated revenue. the help of Kevin Watson, the City would be able to track ies the City has given in BAPs as well as the Hogan explained heets from Koebel who are looking to redevelopment existing pace, which can sometimes be more expensive than building a ther regional cities do not try to guess BAP costs. Hogan introduced office space into reta ne lopment. ts stated that the project was located in Centennial Valley. He indicated that on a preli ary study retail tenants in the area had left and that there was only mild interest currently. Koebel believes that interest will be generated after the remodel to attract retail businesses. Mr. Sheets stated that Koebel has owned this building for two years and they are ready to move. They currently have a quick serve restaurant and a coffee shop interested in the space and want to deliver the space between May and June. He said that Koebel was looking for a BAP that would have a sharing ratio after the 4th year.