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 Mitchell County Economic Development Commission

508 State Street

Osage, Iowa 50461

                                                                                          Minutes

3.26.2007

 

The Mitchell County Economic Development Commission met in regular session on Monday, March 26, 2007 in the MCEDC Board Room.  Ivan Wold called the meeting to order at 7:00 pm.  Members present: Harlan Bisbee (8:10), Terry Byrnes, Marvin Kofoot for Bob Glassel, Dale Mooberrry (7:15), Kelvin Palsic, and Joel Voeklander. Also present: Brenda Dryer

 

Approve Minutes from 2.26.2007

Voaklander made motion to approve the February minutes, Palsic seconded, roll call vote taken all ayes.

 

Financial Reports – February 2007 / March expenses

Wold motioned to approve the financial report and bills as presented, Voeklander seconded, roll call vote taken all ayes.

February bills:

Petty Cash / $140.07

St. Ansgar State Bank – payroll taxes / $688.51

IPERS / $254.02

Ashley Martin / $387.87

Brenda Dryer / 2050.91

North Iowa Web sites / $200 (Welcome Center)

McCloud / $28.38

Bisbee Income Tax / $50.00

WCTA / $43.78 (Welcome Center)

OMU / $57.44

BevCom / $15.00

Brenda Dryer / $209.54 (expenses)

Ashley Martin / $51.90 (expenses)

Press News / $36.00

State of Iowa – quarterly employee withholding / $428

A copy of the reconciliation report for March 2007 can be found in the permanent secretary records for the MCEDC.

2007 - 4th quarter invoices to go out by the end of the week.

 

Staff Report

Business Expansion & Retention / Workforce Recruitment

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Current expansion projects continue to move forward for the most part on schedule. 

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Mitchell County CEO meeting targeted for April.  The Board and staff discussed the following potential agenda items: Tech Prep (invitation extended to school Supt. and one school board member to attend), USDA Rural Development presentation, and MCEDC Update.

 

 

 

Entrepreneurship

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REBS project continues to move forward; equipment is ordered; production expected to begin in May.

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Dryer will be meeting with Sylvia Getman on Friday to discuss the regional health care initiative. 

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Dryer reported that the SMART START classes were not real attended.  Status of April/May Fast Trac class uncertain at this time.  Decision to be made with NIACC staff later this week.  We need at least 12 participants to proceed. 

Value Added Ag / Energy

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Dryer reported on progress of Absolute Energy LLC project.  The Board discussed holding their May meeting at the Absolute offices.  Dryer to contact the Absolute Board and make the request. 

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The Governor’s round table visit to Mitchell County was discussed and reviewed.

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The companies that presented at the round table have all been in contact with the Governor’s staff regarding their needs from a potential “Power Fund”

Regional Marketing

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The Alliance submitted one joint prospect package last month; interest in available building and proximity to I35.  We did not submit information because we didn't meet the RFP criteria.

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An Alliance sales trip to the Twin Cities is scheduled for April 16th and 17th.

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Work continues on the Alliance collateral material package.

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Board requested specific marketing date in the end of the year report from Alliance.  Dryer to follow up with Brown. 

Community Resource

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The USDA RBEG application seeking $99,000 in funding to support the establishment of another RLF for Mitchell County has been submitted.  Funding is expected to be tight.   

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Palsic updated the group on Cedar River Fine Arts & Recreation Complex fundraising efforts.  Vision Iowa negotiation team expected in Osage in April.

Housing 

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Dryer reported on potential projects in St. Ansgar, Osage, and Riceville.

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Dryer reported that the Common Grounds LLC application for 2007 housing funds was approved for $500,000.  This project will create 10 units of affordable rental units.    

Organization Administration

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We received contributions from Home Trust and Heatland Power this month. 

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The fundraising committee met at 6:30 pm and established a fundraising goal of $8,000 for each of the next three years.  Work to begin on this in the next couple weeks.  Full report in April. 

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Staff hour report – Feb/March 2007:

                        Entrepreneurship – 22%

                        Community Resource – 4%

                        Organization Admin – 33%

                        Regional Mktg / Industrial Recruitment – 3%

                        RLF – 6%

                        Industrial Retention / Workforce Recruitment – 6%

                        Value Added – Energy – 17%

                        Housing – 7%

                        FEMC – 2%  

 

 

RLF

The first 3 re-payments are due on March 31st.

 

Meeting adjourned at 8:20 pm by Chair Mooberry.

 

                                               

______________________                            _____________________________

 

Dale Mooberry                                                                Brenda S. Dryer

MCEDC Chair                                                                 MCEDC Executive Director

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