2000-02-08 WECDC mts. - Laserfiche WebLink

Home Browse Search

f MINUTES OF A MEETING OF THE BOARD OF DIRECTORS OF lti�i't 5 2±i07 THE WINDSOR -ESSEX COUNTY DEVELOPMENT COMMIS HELD TUESDAY, FEBRUARY 8, 2000 AT 4:00 PM AT CABOTO CLUB, 2175 PARENT AVE., WINDSOR There were present: P. Soulliere (Chair), M. Walker, D. Zalev, R. Henly, P. Bondy,, K AM,..:.._.., - -�__. H. Brudner, T. Burton, T. DiBartolomeo, R. Gorham, A. Halberstadt, M. Komsa, K. Lewenza, D. Marsh, J. McGee, J. Slopen, M. Solcz, D. Stainton, B. Wood and E. Prior Invited guests Tony Mancinone, Bill Carter, Dave Bortolin and Cathy Lynd were present from Ernst & Young, Chartered Accountants. DISCLOSURES OF INTEREST - None 2. MINUTES — There was a question from members regarding our motion "to obtain further clarification of the roles of WECDC..." and the Chair will speak to that later in the meeting. It was moved by R. Henly, seconded by H. Brudner and carried that the Minutes of November 23, 1999 Board of Directors Meeting be adopted as circulated. FINANCIAL REPORT — Tony Mancinone, along with his associates, from Ernst & Young presented the draft audited financial statement for 1999. There were a few questions from board members, which we addressed. There is no legal limit for the amount of reserves. Paul discussed the various HRDC projects, displaying some of the completed products. It was moved by R. Henly, seconded by H. Brudner and carried that the Board approve recommendation of the 1999 Draft Audited Report; and also approve Reserves in the amount of $68,000. from the accumulated net revenues to be used for promotion and computer equipment and technology. 4. ADMINISTRATION — Paul Bondy discussed the availability of industrial lands. We currently have interests from a U.S. facility, a Japanese firm, a U.S./European consortium. He also confirmed that we have no large sites. Paul explained there is availability in Ojibway but none of substantial size. Regarding the airport lands, they require servicing and zoning and we are dealing with blending regulations between governments. There are also height restrictions. Three areas are earmarked for industrial development but Windsor and Tecumseh need to work together to resolve the issues. There were concerns about losing development to other markets because of this therefore "let's get discussions front & centre ". "There are people from many different sectors willing to help resolve these issues." Perhaps a board resolution will help make an impact. Cent...