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Economic Development Authority Minutes April 10, 2000 Page 2 e Marc Nevinski introduced Marketing Consultant Anita Dukor. Due to time limitations, Anita gave a very brief presentation of the Strategic Industrial Marketing Plan. She commended those on the Marketing Committee and indicated that the committee has made a lot of progress on the Plan. Anita reviewed the components of Phase I, Information Analysis, and Phase II, Assessment, of the Marketing Plan. She stressed that the document is a working document and needs to be reviewed and revised regularly. Anita talked about the next phase of the Plan which will be Strategy Development and indicated that she will be back in June to review the complete Marketing Plan with the EDA. 7. Public Hearina for Adoption of Tax Rebate Financina Policy Marc Nevinski indicated that the Tax Abatement Policy before the EDA is a second draft and incorporates the comments previously made by the EDA. The policy was reviewed by the EDA. It was the consensus to strike the second sentence in (IV.d.). Discussion was held regarding the "but-forN test in section (V.c.). It was the consensus that the "but-forN demonstration should be included in the application. President Dwyer opened the public hearing. There being no one for or against the matter, President Dwyer closed the public hearing. e COMMISSIONER GONGOLL MOVED TO RECOMMEND ADOPTION OF THE TAX REBATE FINANCING POLICY WITH THE AMENDMENT TO SECTION IV.D. COMMISSION THOMPSON SECONDED THE MOTION. THE MOTION CARRIED 6-0. 8. Consider Tax Rebate Financina Application - John Weicht. R&W Enterprises Marc Nevinski provided the EDA with an update of John Weicht's request. He noted that Mr. Weich is requesting to use tax rebate financing in the construction of an 18,000 s.f. multi-tenant industrial building in the McChesney Industrial Park. He is requesting that taxes on the project be rebated for a period of four years. Marc reviewed the details of the request. The EDA discussed issues conceming the "but-forN analysis and how to keep track of future goal requirements. Commissioner Klinzing questioned how to tell if the figures used are conservative. It was the consensus of the EDA to continue this item to a time when the applicant could be present. 9. Consider Reauest by Ed palmer of SolarAttic for Incubator Sub-Lease Extension Marc Nevinski noted that SolarAttic's lease will be expiring on April 14, 2000, and the company is requesting an extension of the lease for up to a year. He noted that this would be SolarAttic's second extension. Marc indicated that staff's recommendation is to renew the lease at market rate. e Mr. Ed Palmer, CEO of SolarAttic encouraged the EDA to continue with the Incubator Program. Mr. Palmer requested an extension of four months.