12/10/1998 ECONOMIC DEV AND INDUSTRIAL COMMITTEE Minutes

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This would be a creation by legislation and the Town. Bob W. supports the idea , and he is prepared to submit an Article for Town Meeting. We should request the 11-acre parcel also. Wayne will ask Bob W. if we are ready to do a PR Release on EDIC. Thomas and Betts have to clean up Augat , plus they owe money to Willowbend. Wayne circulated a Proposal for an Interactive Visitors Information Project ( I-VIP ) requesting $13 ,700 (the total project budget is $23 ,460 ) . The I-VIP grant was submitted to the County Commissioners , and there will be a hearing in January. The goal is to be in the Augat building within nine months and lease out space to three anchor tenants who pay rent. The building contains 83 ,000 sf on 13 acres . Wayne plans to conduct a public forum to discuss bringing local economic development to Mashpee. Fred stated be prepared for opposition regarding waste water treatment and concerns about the Mashpee River. Wayne asked EDC for direction on what to request for the FY2000 budget. There is $9 ,000 remaining from the FY99 budget. We will have to raise the money for the Forum. EDC decided to increase the budget and ask for $40 ,000. The Tourism and Marketing Sub Committees were shelved so that the EDC can concentrate on Augat and the Business Forum 99 . Marty H. will be meeting with Mary Greendale and Bob W. about Ready Resource Funds ( $1 million which are easy to access ) . There is grant money available for contaminated projects under the Brownsfield Act , possibly $500 , 000. OLD BUSINESS: There was none. NEW BUSINESS: The motion to establish an EDIC and work toward its approval at Town Meeting passed unanimously. The motion to actively pursue Thomas and Bett ' s proposal (to the benefit of the Town) passed unanimously. Marty H. will call Bob W. to put this on the Selectmen ' s meeting agenda. Fred noted that $32 ,000 of tax revenue will be coming off the tax roll ; we will need a convincing argu►tient . -2-