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3 <br /> I <br /> i <br /> I <br /> FDIC <br /> Minutes <br /> September 19,2011 <br /> EDIC; ani a infr tri t= bwincsscs to assist with <br /> �, sere - � � � �_ - _ <br /> the continued growth of a business <br /> DIC a resource center for project management,provide seed money for start-up, <br /> direction,hove to compliment a business <br /> Discussion of imposing a small fee for mw-mgernent, assistance with permitting, <br /> Dole to assist in the navigation of the regulatory process <br /> Chamber, all about business-FDIC, neutral, serves to foster a business <br /> It's about the development-of the quality of life <br /> To be a user-friendly duality plan- To become a regional financing authority <br /> Focus on the balancing act; service industry,to benefit and sustain hospitality <br /> tourism-Help to develop workforce housing and affordable housing <br /> Goals of Mashpee& Falmouth are similar;no conflict <br /> Preference f for regional approach <br /> ani ational Structure-Bach oun Achievements to a <br /> MGL 121c-Same <br /> Mashpee 7 members-appointed by Board of Selectmen <br /> 2002; Special Legislation-2006 forrnd by Board of Selectmen <br /> FDIC Board t rover vary,No full-fie employee for support <br /> Appointment requirement different representation; financial,housing, etc. <br /> To term limits, EDIC members interviewed by BS for appointment <br /> Falmouth 7 members-appointed jointly by B .S &FDIC Board <br /> Term limit; 3 3-year terms a tom of 9 years, re-appointment at end of -year tern <br /> Part-tyre clerk,consultant; fee&commission is based on projects.No full-time <br /> support staff <br /> and ational Structure—Boundaries of Economic Development Area <br /> Background/ Achievements tQ Date MLhAado s each FDIC ho to AcLom <br /> Falmouth Regional Technology Development nt Corp RTDC <br /> Formed to assist small start-up business, Grant funded$200,000, formed by <br /> Woods Hole scientific comaunity-A separate beam from ERIC <br /> Falmouth T hn logy Park transferred to FDIC by Town of Falmouth through <br /> 'fon Meeting 1C proceeds from Wes after setln debt obligations retained <br /> income,Primary source of revenue <br />