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Regular Council Meeting Minutes <br />3-15-10 <br />Page 20 <br />something would go wrong there. There was also language put in there regarding if there <br />was a default, what our liability be to OneCommunity, correct? <br />Ms. Calta replied, correct. <br />Mr. Saponaro added, we have limited the liability there as well. <br />Mayor Rinker asked, why do we do all this? To what end does it serve, in terms of what we <br />understand from the businesses and the community? <br />Mr. Esborn replied, their response to our IT-driven economic development approach. <br />There are a lot of places scrambling to put together financial incentive packages and there <br />is certainly something to be said for that, but we are already hearing a very positive <br />reaction to development through IT infrastructure. <br />Mayor Rinker asked, it's fair to say we are retaining existing businesses and attracting <br />others that will benefit from this service? <br />Mr. Esborn replied, correct. <br />Council President Buckholtz added, with no additional dollars. It's just moving the dollars <br />in a timely fashion. That's great. On your point, it's just something to look to in the <br />future. More creative language there. We are coining some new phrases in terms of <br />getting away from that loan. We are building a new model there, or they are, either <br />OneCommunity or together with us, creating a new model. Not having anything to do with <br />what our business is here tonight, but creating new terminology for what's happening <br />would behoove us. <br />Mayor Rinker reminded everyone, this is part of our CIZ business plan. <br />ROLL CALL: AYES: All Motion Carried <br />NAYS: None Ordinance Enacted <br />[ANY OTHER MAT'TERS : <br />Council President Buckholtz asked if there were any other matters. <br />Mr. Marquardt asked if the new website has alerts in it. Mr. Jeff Thomas said, it does, if <br />you want to submit e-mails, we would have a distribution list and would send it off. <br />Mr. Marquardt asked if it had automatic alerts. Mr. Jeff Thomas replied, we did not look <br />at anything like that. If you want to, we can.