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Minutes of the Council Meeting <br />December 17, 2007 <br />Page. 9 <br />The Village is committed to $15,000.00 in its application, but the contract reads $10,000.00. <br />That is what we are talking about now, referencing the $880,000.00 and that figure alone does <br />not really pertain to this discussion. <br />Mr. Buckholtz said it does assuming things go well and we move forward, but that is assuming <br />people are noticing our innovation zone and we are starting to develop. <br />Mr. Saponaro asked if we have to vote on each of these phases individually. Mr. Brett replied <br />there is no guarantee we will be offered Phase 2. This is Phase 1. Mr. Saponaro added then that <br />first we have to be offered Phase 2, and then we have to vote on it as a Council. Mr. Brett said <br />you will have to vote on an agreement with the anchor. We are not the anchor in this situation, <br />the Business Alliance is. For the benefit of those in the audience, Mr. Buckholtz explained that we have been over this a <br />number of times, but we axe not contracting directly with the County for this grant, we are using <br />an anchor group which is.the Mayfield Business Alliance and the Beta Strategy Group on Beta <br />who have already done a good job of developing and promoting the area. <br />Mr. Marquardt asked if there is a brochure that has been presented with the application. It is a <br />12-tab 35-some page brochure. Mr. Brett replied that he will look through his documents. Mr. <br />Marquardt stated that is what is noted in the application. It refers to this document. Mr. Brett <br />stated that if that request had been made earlier, there is a possibility it could have been produced <br />this evening. At this time, it cannot be produced. Mr. Brett is not quite sure what it is. Mr. <br />Marquardt stated he should have said all supporting documents, but since all of the responses <br />were in that document, he assumed it would have been provided. <br />Mr. Marquardt asked if we can put a provision for at least 100 jobs in this. Mr. Buckholtz stated <br />he would not have a problem with that and asked if we can amend the language to provide for a <br />strategy that shoots for a mark of 100 jobs. Ms. Calta replied that if Council is so inclined, we <br />could propose that amendment to be included in the language. Mr. Buckholtz indicated that <br />obviously we can all support this and work along with it. Ted Esborn is in the audience this <br />evening. He has been working the yeoman's task on this. Mr. Buckholtz would like to send the <br />message that we want to see Beta turn into a hot prospect. <br />Mr. Marquardt stated that his concern is that we get the Village's investment back. From what <br />he has seen so far, he has nothing to base that on. Mr. Buckholtz asked Mr. Marquardt if he is <br />basing 100 jobs. Mr. Marquardt advised that is his mental calculation. If you are planning on <br />spending $860,000.00, you can have that in order to get some kind of return that covers your cost <br />of money and inflation. <br />Mr. Brett pointed out that the issue in front of Council right now is for a$10,000.00-20,000.00 <br />split for Phase 1 of the project. Any reference to $800,000.00 is not useful. <br />Mr. Hughes asked Mr. Buckholtz if he could ask a question. He is one of the Trustees of the <br />Business Alliance. He understands Mr. Marquardt's concern. His question is if you put that 100