Laserfiche WebLink
BK:00025 PG:0566 <br />• Brad Simpson, Chamber Chairman <br />• Kirk Bradley, 2 d Century Research Team Chair <br />• Susan Condlin, Cooperative Extension <br />• Shelly Kelly, small business owner <br />• Bill Wilson, housing and nonprofit sector <br />• Bud Marchant, CCCC President <br />• Bill Horner, III, Publisher, The Sanford Herald <br />• TBD to be appointed by the Steering Committee <br />• Bob Joyce and Crystal Morphis will serve as staff support to the Steering Committee <br />• The Steering Committee will organize subcommittees to engage a wider group of <br />leaders as needed. <br />• Staff expertise will be called upon as needed in such areas as planning, education, etc. <br />County loan up to $150,000 to the EDC to cover the cost of planning and <br />private sector fundraising. An additional $15,000 will be raised from the <br />private sector for the efforts. <br />'s Program of Work <br />—i-U,&UUun u Level went $155,000 <br />Fundraisin Assesssment $30,000 <br />Fundraisin Cam $100,000 <br />Total Budget $165,000 ($150,000 County <br />loan + $15,000 wivate seem <br />• The Commissioner's strategic planning process is already underway. The Board <br />committed funding. It is expected to be completed by June 30. <br />• The program of work for the new organization is expected to cost $20,000, see <br />attached scope of work that shows cost estimate. <br />• A fundraising assessment is expected to cost $30,000. <br />• The organizational costs to create the new proposed combined corporation will cost <br />approximately $15,000. <br />• The Task Force recommends that Lee County loan the EDC up to $150,000 to cover <br />part of the cost of planning and fundraising. This will be seed funding for planning and <br />to get the fundraising process started until pledges start to be fulfilled. An annual, five <br />Year repayment schedule is recommended. lye loan agreement will include a clause <br />that allows for a future request that the loan, or part of the loan, be forgiven but the <br />County is under no obligation to forgive the loan. <br />Commit funding ongoing Economic Development Operations <br />• The Task Force feels that it will take a minimum of 9 months to get the Program of <br />Work completed, form the New Corporation and start the fundraising <br />estimated to be completed and approved by March 1 2014,assuming process. <br />This is <br />g the process starts by <br />is <br />0255 <br />