04.17.23 MEETING MINUTES - Laserfiche WebLink

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Minutes of the Regular Meeting of Council Monday, April 17, 2023 Page 2 Special Council Meeting — April 3, 2023 Mrs. Jurcisek, seconded by Mr. Marquardt, made a motion to approve the minutes of the Special Council Meeting of April 3, 2023 as written. Council President Schutt asked, any discussion? There was none. ROLL CALL: AYES: All Motion Carries NAYS: None Minutes of April 3, 2023 Meeting Approved as Written Comments From Mayor Bodnar - State of the Village address "The car goes where the eye goes." Seven years ago, this is how I began my first State of the Village address. The quote is from the book, The Art of Racing in the Rain, by Garth Stein, and its applicability is timeless. Focusing on the next turn of the track will not yield the win. Rather, we must look farther down the road, and anticipate changes, in order to claim success. In Mayfield Village, sound financial planning has netted us economic success, and it continues to give us a firm foundation as we navigate the road ahead. Where we go from here is dependent not only on our landscape, but also on sound leadership, experience and vision. In the last 3 1/4 years, our business landscape has changed. While we are not exactly a wholly -owned company town, our economy did flourish from the millions of dollars in payroll taxes that we received every year from Progressive Insurance Company. While thousands of Progressive jobs remain in Mayfield Village, we receive no tax revenues from those jobs unless the employees are physically within our borders while they are at work. For the most part, they are not. In addition, Progressive does not appear to have any plans to mandate a return to work. To the extent that Campus I and I1 remain largely vacant, that is a detriment to the Village. It is within this landscape that we must navigate toward a successful future, and we are doing just that. First, the fact that we have positioned ourselves to be strong in the face of revenue loss is crucial to our future success. Knowing the amount we received annually from Progressive income taxes, and being aware that we are a geographically small community, that our footprint is largely residential and Metroparks areas, and that Progressive owns a great deal of our business property, with the remainder being primarily on Beta Drive, we built a reserve far greater than other communities which may have a larger geographic area or a more diversified business base.