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Minutes of the Combined Caucus/Council Meeting 7-16-07 Page 6 utilizing this for buildings like the Phillips building or Euclid Industries which we toured this morning with a prospective business. That would be another source of the funds that Mr. Brett would see coming in to the CIZ. Tracy was pretty much saying if you ask for it, you will get it. This will start in December. Mayor Rinker asked in a nutshell how much money would we be looking to aggregate. Mr. Brett replied $1,050,000.00 total. Mayor Rinker asked what the goal would be. Mr. Brett replied it would be very similar to what we have done thus far where we used the economic development grants to subsidize rents, maybe not that specific methodology but essentially working with the landlords on Beta to attract businesses. One of Mr. Brett's thoughts perhaps is to extend the fiber to ring around Beta. Another thought is to talk with Mayfran, QED to see whether or not a trade-free zone within Beta Drive would be beneficial and perhaps underwrite the cost. Mayor Rinker stated that the strategies are that we are still in the first phase to get a business plan, but the basic components would be to develop infrastructure with the goal of attracting certain types of new jobs which in turn generates other kinds of state credits and incentives that are tied to the types of jobs that we are going to attract. This would create a synergy that is dynamic for a redevelopment strategy predominantly in the Beta area. Mr. Brett stated that that is what the zone is currently. He could see expanding that out if we could get buy-in from surrounding communities. Mayor Rinker asked if we develop the model and see if it works. Mr. Brett responded that is correct. Those are some of Mr. Brett's thoughts as to how to fund. He brought this up in the Mayor's budget this year where we would look to things that are naturally Beta Drive revenues; the hotel tax and the cable tax which are currently going to the SCMR fund and the capital improvement fund. Those funds could slide by without those and then we can dedicate those funds to Beta Drive. Section 7- This section is Mr. Brett's ramblings on the business plan. On page 3 of that missive is the exact breakdown thus far. Maximum funding available from Cuyahoga County in the first phase is $20,000.00 and matching from the Village is $10,000.00 and then $75,000/75,000/75,000.00/75,000.00 over the next two years, in phase two and then in phase three that one for two ratio for a total of $1,380,000.00 if you max out the funds. Page 4 lists my thoughts as to how that would play out and that is before County Innovation funds are brought in. Section 8- American Tower request. Ms. Calta from the law department reviewed this. It just needs approval of the governing body to sublet off of our towers. It goes over the financials. Section 9- Renewal of Guardian IDental package. Those increases are significant based upon past utilization and the market in general. Section 10 - Wichert Insurance proposal for liability and commercial. This package reflects a decrease in the premium to $103,000.00. Mr. Brett will be sending out to the Directors and Chiefs a request for a list of drivers with their Social Security numbers for the insurance policy. The decrease may offset the dental.