HomeMy WebLinkAbout10-31-2006 Council Economic Development Committee
AGENDA
City of Iowa City
City Council Economic Development Committee
Tuesday, October 31,2006
9:00 a.m.
City Hall
Lobby Conference Room
410 East Washington Street
1. Call to Order
2. Approval of Minutes - Oct. 17, 2006 Economic Development Committee Meetings
3. Discussion of TIF application - Mr. Jordan
4. 2006 (4th Quarter) County Wage Thresholds (Oct. 1 - Dec. 31, 2006)
5. Memo of Understanding - Iowa City Area Development
6. Discussion of Economic Development Strategies, Policies
7. Committee time
8. Adjournment
NEXT REGULAR MEETING DATE: December 19, 2006?
preliminary
MINUTES
CITY COUNCIL ECONOMIC DEVELOPMENT COMMITTEE
OCTOBER 17, 2006
LOBBY CONFERENCE ROOM
Members Present:
Members Absent:
Staff Present:
Others Present:
Regenia Bailey, Connie Champion, Bob Elliot
NONE
Karin Franklin, Wendy Ford, Tracy Hightshoe
Nancy Quellhorst, Joe Raso (on speaker phone)
RECOMMENDATIONS TO CITY COUNCIL:
NONE
CALL TO ORDER
Chairperson Bailey called the meeting to order at 9:02 AM.
APPROVAL OF MINUTES - SEPT. 11.2006 & SEPT. 19.2006 ECONOMIC DEVELOPMENT
COMMITTEE MEETINGS
MOTION: Champion moved to accept the Sept. 11, 2006 & Sept. 19, 2006 minutes as
submitted. Elliot seconded the motion. The motion passed 3:0.
ACTIVITY REPORT - AUGUST 30 - OCTOBER 10
Ford highlighted her attendance at the International Downtown Association Conference in
Portland. She noted attending a session on downtown analysis which she found particularly
interesting and relevant. Information from that and other sessions will be useful in working with
the Chamber to facilitate such an analysis on downtown Iowa City.
DISCUSS DRAFT MEMO OF UNDERSTANDING -IOWA CITY AREA DEVELOPMENT
Ford said a draft memo of understanding with ICAD group outlines the services that ICAD will
provide in exchange for the financial support of the organization.
Raso explained some of the details in the draft, citing that the memo has not been done in the
past, but they thought it was necessary to approach the city because of the major investment in
ICAD. It gives the city a record of agreed upon actions. He added that at the end of fiscal year
they could see what was achieved and write a report on those activities.
Raso went on to explain that as part of the normal course of business they want to make sure
they are visiting with local businesses and their corporate headquarters. Raso said they do this
on an ongoing basis. Elliot inquired who ICAD's clients are and Raso answered that companies
that can choose to be in Iowa City are considered ICAD's clients.
Franklin asked Raso to clarify the difference between items 2 and 3 of the draft. Raso said
Synchronist is a survey tool that captures feedback from the highest level of management in
local companies. He added that it is important to meet with the corporate headquarters as well
as local management because they are key decision-makers when it comes to expanding,
remain stable, or downsizing their companies. He said they use this opportunity to present new
workforce tools, talk about conditions in the area, and also to discover problems. Raso said for
example, they have been meeting with Pearson headquarters who've said they are in need of
high quality software developers and air service.
preliminary
She said she would like the city to conduct direct marketing to potential clients who may have
not contacted the city directly. She said she would like to work with ICAD to create materials for
prospective companies exploring the Iowa City. She said that this could be an added value for
the partnership together. Raso said he would like to further explore this idea and will work with
Ford on a solution. Elliot asked about confidentiality when ICAD is contacted by companies.
Raso said confidentiality is required which is why the direct marketing idea needs further
exploration.
Champion asked how companies know to contact ICAD in the first place. Raso said they do a
number of things. He said they attend regional trade shows for targeted industries, they visit
with corporate headquarters offices, call on targeted companies and try to set appointments with
the decision makers for those companies. Raso said they also focus on site location
consultancy. Raso said that every time there is a major initiative underway they send out direct
mail to inform about the area to get name recognition.
A second draft of the understanding will be presented at the next committee meeting.
In other news, Raso announced that in May 30th, 31st and June 1st 2007 Iowa City will be
hosting the Professional Developers of Iowa Spring conference at the Sheraton Hotel.
REVIEW OF CDBG ECONOMIC DEVELOPMENT FUND
Hightshoe said that during previous meetings the committee discussed the history of the CDBG
fund, projects that have been funded, problems with the program, such as the small number of
applications, and the success rate of past applicants. She said that currently there is about
$240,000 in the fund. Hightshoe also noted a pending termination agreement with Loparex and
that $75,000 would come back to the fund. She said they are approaching the. 50% of the
CDBG entitlement, so the City should be actively marketing the availability of its CDBG
Economi~ Development funds.
Hightshoe said she has been meeting with the local lenders committee about how to better
market the funds and get better applicants. She said she started drafting and application for
CDBG funds, similar to that filled up for bank funds. She said the application is similar to that
used by banks, but it incorporates some of the CDBG requirements. She said the application is
only 7 pages.
Hightshoe said the city is trying to cover the banks' "grey areas", funding for firms that are too
capital thin or collateral thin that banks will not lend them the full amount. Elliot said he is
concerned about the proprietary information requested in the applications. Hightshoe said they
are discussing that issue with the legal department. Elliot asked how the city could make
decisions without access to proprietary information. Hightshoe said they are asking for private
information, such as social security numbers as an attachment to the application, and as such, it
could be kept private. Bailey said SSN should be taken off because there have been cases of
public entities that made public SSN by mistake. Hightshoe said they need the SSN and date of
birth to check the credit report. Hightshoe said the attachments are not be made publiC and
would not be posted online.
Elliot said there is some information that could be collected while maintaining confidentiality.
Hightshoe said that they are not asking for financial statements, current debts, and tax returns.
She said the banks will keep all that. She said the applicant will sign a release for staff to go to
the bank and have access to that information, but the staff can not make copies.
preliminary
Bailey said if the committee only gets a recommendation from the staff and is not able to see
actual proformas, that it would be hard to determine if public money should be spent.
Hightshoe said privacy was a big issue with the committee of lenders. She said the income
survey is a little intrusive, but is required for CDBG allocations. Bailey suggested information
about public meetings law should be put on the cover page of the application.
Elliot suggested since some companies separate payroll costs from personnel costs, that there
should be clear instructions for what we want in the application. Payroll and benefits costs
should be separated for a clearer picture.
Hightshoe said it is important to note that the city will not assist applicants to shop banks. She
noted that she will work with the applicant's chosen bank and would not recommend or refer
clients from one bank to another. Bailey asked what the criteria for technical assistance on
development fund are. Hightshoe said that 90% of the time businesses work with SBDC (small
businesses development center). Bailey said we need to be more specific about mentoring
requirements.
Franklin agreed. She said they might not want to mention that in all cases the mentoring should
be provided by the SBDC because something different might be merited or more appropriate.
She proposed putting a premium on loans to be used to hire a business mentor. She said
specific requirements should be formulated, but this would give flexibility.
Bailey asked for details about number 7 of the review criteria. Hightshoe said the section asks
how much the business is involved in the community. Bailey asked if that is relevant for a start-
up business. She also suggested that the question be more specific, or have examples of what
community involvement is, because the intent of the question is not clear. Champion agreed.
Franklin said the application will be in place for both start-ups and existing businesses. Bailey
said we should give examples of opportunities for community involvement. Elliot proposed re-
wording it to read"... in addition to your normal business practice do you plan to have additional
community involvement". Hightshoe said they can take section 4.2 out, and leave section 5.1 in
using the re-worded option proposed by Elliot.
Elliot asked if a bank loan administrator would provide appropriate mentorship. Champion said a
loan administrator is appropriate.
Bailey said the committee needs to have more information to make good decisions on funding.
The committee should have a business plan, a plan for success from applicants. She said
without such a plan she would have no idea if the project is a good investment. Franklin said
staff has to figure out how to include such information without sharing proprietary information
with the public. Franklin said they would find a middle ground on the issue could manage it in a
way that the information is available to the committee, but not posted online and made available
to the public.
Quellhorst had to leave the meeting at this point, and said she would like to give a presentation
at one of the future meetings to present the work of the Chamber of Commerce. Elliot
suggested such a presentation would be well-suited for a council work session.
DISCUSSION OF ECONOMIC DEVELOPMENT STRATEGIES. POLICIES
Ford said she included the 2004 Economic Development Strategy in the packet and would like
to use it as a springboard for discussing strategy for the future. She noted the first two pages
give the background for economic development in Iowa City, and as a next step would like to
start creating a vision statement for economic development.
preliminary
Bailey said the existing document is very negative, and responsive to a less than optimal
environment. She suggested the committee have a discussion about the vision of Economic
Development for Iowa City. Elliot said he would like to start from a draft to have something to
respond to. The committee agreed to table the discussion of ED strategies to the next meeting.
At that meeting, the discussion would focus on a vision for economic development.
COMMITTEE TIME
Ford said she received an application for TIF rebates and shared the basics: The project would
be a rehab of the old Pizza Hut lot involving the demolition of the old building, the building of a
one-story office for an insurance agency and its 2 or 3 employees, and additional space to lease
to 2 or 3 other office tenants. The investment would be approximately $800,000, and that would
include the demolition of the old building. The committee indicated the project was not of the
size and scope that they would recommend for TIF rebate financing and that it would not serve
. as a catalyst to new and different development in the district.
Bailey said she knows that Ford is working on the budget for the committee and would like a
downtown market study to be introduced in the budget. Ford affirmed that funds have been
budgeted for a study for the FY08 budget.
ADJOURNMENT
The meeting adjourned at 10:30 A.M.
QLtv of Iowa Ci~lication
TIF Tax Rebate or Tax Abatement\Exemption
Business Reauestina Financial Assistance:
Business Name: Jordan. Inc.
Name of Authorized Person to Obliaate the Business: Jordan Jordan
Business Address: 535 Hiahland Avenue. Iowa Citv. Iowa 52240
Business Contact Person: Jordan Title: Owner
Telephone: 319-337-3414 Fax: 319-337-2737
E-mail Address: JordanlID.allstate.com
Business FederaIID#:
Date of Application Submittal: October 9. 2006
Release of Information and Certification
NOTE: Please read carefully before signing
I hereby give permission to the City of Iowa City (the City) to research the company's
history, make credit checks, contact the company's financial institution, and perform other
related activities necessary for reasonable evaluation of this proposal. I understand that
all information submitted to the City relating to this application is subject to the Open
Records Law (1994 Iowa Code, Chapter 22) and that confidentiality may not be
guaranteed. I hereby certify that all representations; warranties or statements made or
furnished to the City in connection with this application are true and correct in all material
respects. I understand that it is a criminal violation under Iowa law to engage in deception
and knowingly make, or cause to be made, directly or indirectly, a false statement in
writing for the purpose of procuring economic development assistance from a state
agency or political subdivision.
SIGNATURE OF COMPANY OFFICER AUTHORIZED TO OBLIGATE BUSINESS:
NOTE: The City will not provide assistance in situations where it is determined that
any representation, warranty or statement made in connection with this application is
incorrect, false, misleading or erroneous in any material respect. If assistance has already
been provided by the city prior to discovery of the incorrect, false or misleading
representation, the city may initiate legal action to recover city funds.
1. What is the location of the proposed project? 921 Keokuk Street. Iowa Citv. IA 52240
2. Please provide a brief timeline for the proposed project. The proposed proiect
completion date is Auaust of 2007
3. Describe in detail the proposed "project" (e.g., company relocation, plant expansion,
remodeling, new product line and/or new facility).
The proposed proiect is companv relocation from current location of 535 Hiahland
Avenue. Iowa Citv to 921 Keokuk Street. Iowa Citv.
4. Specifically, what type of capital improvements will be completed? (e.g. new building,
remodeling, fa9ade improvement, accessibility)
To demolish the current buildina located at 921 Keokuk Street for the purpose of
constructina a new office buildina.
5. Will the project increase the value of the property by at least 15%? Please include the
amount of the proposed investment.
Yes. the proiect will increase the value of the propertv bv at least 15%. The amount
ofthe proposed investment will be $800.000-900.000.
6. Type of assistance requested: (check one)
Tax Increment Financing 2S
Tax Exemption NA
Tax Abatement NA
7. If an existing Iowa City business, how many total individuals have been employed by
the company at the Iowa City facility during the past year?
Three (3) individuals have been emploved bv the companv durina the past vear.
Within the next vear. I plan to increase staff with two (2) additional full-time
emplovees.
8. What is the number of jobs within the existing or proposed Iowa City facility and what is
the starting average hourly wage rate (not including fringe benefits): Three (3)
For the new employees? $11.00 per hour plus commission
For existing employees? $13.00-15.00 per hour plus commission
For existing and new employees? $11.00-15.00 per hour plus commission
9. Does the b.usiness provide standard medical and dental insurance for full-time
employees? If so, what percentage of the standard medical and dental insurance
package expense does the company provide?
Yes. 50%
10. Beyond the present project, what future growth potential is there for the Iowa City
operation?
The present proiect will create available. energy efficient space and attract new
businesses in this Iowa City area. as well as. provide obtainable space for existing
businesses in the area.
11. Please describe the energy and resource efficiency programs, waste reduction, waste
exchange, and/or recycling programs at your Iowa City operation.
I plan to consult and utilize the expertise of Mid-America services to adopt the best
desion, construction. and mana~ement practices that measurablv reduce ener~y,
water consumption and environmental deoradation.
12. Do you use recycled materials in the production of any products or through the
provision of any services at your facility? If so, please describe.
I currentlv use on Iv recvcled paper products and envision the implementation of many
more enerov and resource sound practices in the construction of the proposed proiect.
13. Has the business been cited or convicted for violations of any federal or state laws or
regulations within the last five years (including environmental regulations, Occupational
Safety And Health laws, Fair Labor Standards, the National Labor Relations Act, the
Americans With Disabilities Act)? If yes, please explain the circumstances of the
violation(s). No
MEMORANDUM
DATE:
September 29, 2006
TO:
POI Members, Councils of Government, Community Colleges and other
Interested Parties
FROM:
Iowa Department of Economic Development
Business Financial Assistance Team
SUBJECT:
2006 (4th Quarter) County Wage Thresholds (October 1,2006-
December 31, 2006)
Enclosed please find county wage maps for the 4th quarter of 2006. The maps will cover the
period from October I, 2006 thm December 31, 2006. We are also enclosing a spreadsheet that
lists the counties alphabetically along with the corresponding wage rate for each program.
To accommodate pending projects, any Project Review Form received at IDED prior to October
1,2006, may utilize the 2006 3rd quarter wage thresholds, providing full applications are
received within six months.
If you have any questions or need additional information, please call our office at 515/242-4819
or 800-532-1215.
wbb
enclosure
IOWA DEPARTMENT OF ECONOMIC DEVELOPMENT
200 East Grand Aveooe, Des Moines, Iowa 50309 USA . Phone: 515.242.4700 . Fax: 515.242.4809 . www.iowaifechanging.com
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Iowa Department of Economic Development
2006 (4th Quarter) County and Regional Wage Averages
..
. .. . ,,~ (:l[!aA>'~
EZ I..... ".S:ilA GlVFlKQJC HQJe
1lll%R 1OO'II.10lPJ.R 130% 1lila CCluntv
~ir_-H1.37. $12.71 $12.63_-l- $16.52 . I $20.33 IAdair .__
Adams ~$10.66__$12.02 $11.85 . $15.62 t $19.23 Adams .~
A1,'amakee . .. $10.45 -$11.61~ $11.61-1-_ $15-:00-- -$i8.5~lAIiainakee_
Appanoose $10.81 $12.01 1 $12.01 $15.61 i $19.22. lAPPanoose
Audubon__-$1D.18 $11.31 I ~.!!:~j_~14.~1-=r$18.10 Audubon-
B.Elnton~. $11.63 $12.93 I $12.93 $16.80 I $20.68 Benton
Black Hawk $12.48 $15.981 $13.87 $20.77. ...J.... $25.56 Black Haw~_
Boone $12.49._$13.88 $13.88 $18.04 $22.20 Boone _
Bremer $12.04 $14.46 $13.38 $18.80 $23.14 Bremer
=-~ --. .
~uchanan I $10.99 $12.21 $12.21 .. $15.88 $19.54 Buchanan
Buena Vista $10.86 $12.30 $12.06 $15.98 $19.67 Buena Vista
Butler $10.30 1$11.44 $11.44 $14.87, $18.30 Butler
Calhoun $9.23 $10.26 $10.26 $13.3.0 $16.41 Calhoun'-
Carroll $11.00 $12.69 $12.22 $16.49 1 $20.30 Carroll
Cass $988 $10.97 $10.97 $14.26 1 $17.56 Cass
Cedar $10.72 $11.91 $11.91 i $15.49'1 $19.06 Cedar
Cerro Gordo $11.92 $14.35 $13.25 $18.65 I $22.96 Cerro Gordo
Cherokee $11.18 $12.42 $12.42 $16.15---!19.88 Cherokee
Chickasaw $11.14 1 $12.38 $12.38 $16.10 $19.81 Chickasaw
.
Clarke 1 $10.45 $11.68 $11.61 I $15.18 $18.69 Clarke
Clay . I $11.24 $13.49 $12.49 1 $17.54 $21.58 Clay
Clayton 1 $10.92 $12.13 $12.13 1 $15.77 $19.41 Clayton
Clinton $12.00 $14.07 $13.34 $18.29 I $22.51 Clinton'--
Crawford $11.35 $13.35 $12.61 ! $17.35 $21.36 Crawford
Dallas $13.43 $16.83 $14.92 $21.88 i $26.93 Dallas
Davis I $9.51 $10.56 $10.56 $13.73 I $16.90 =iDavis
Decatur 1 $9.25 : $10.28 $10.28 $13.36 I $16.45 Decatur
Delaware '1 $11.77 $13.07 $13.07 ! $17.00 $20.92 ,Delaware'-
Des Moines I $13.03 $14.60 $14.48 $18.98 $23.37 """'Des Moines
Dickinson $10.74 $11.93 $11.93 $15.51 $19.09 Dickinson
Dubuque $12.41 $15.61, $13.78 $20.30 $24.98 Dubuque
Emmet. $11.30 $12.70 $12.55 $16.51 I $20.33 I Emmet __
Fayette $10.24 $11.38 $11.38 I $14.79 $18.21 Fayette
Floyd $11.29 $12.55 $12.55 $16.31 $20.07 iFloyd
Franklin $12.02 $13.36 $13.36 $17.37 $21.38 'Franklin__
Fremont $12.26 $14.63 $13.63 $19.02 $23.41 Fremont
Greene $11.26 $12.51 $12.51 $16.26.. $20.01 Greene ...._
Grundy $12.50 $14.47 $13.89 I $18.82 $23.16 ,Grundy
Guthrie $11.65 $13.41 $12.95 T $17.43 $21.46 Guthrie..__
Hamilton $12.52 $14.11 $13.91 1 $18.34 $22.57 Hamilton
--'.
Hancock $12.20 $14.88 $13.56 $.19.35, $23.81 Hancock
Hardin $12.06 $13.40 $13.40 $17.41 $21.43 Hardin
l:i8rrison $10.26 $11.40 $11.40 T $14.82 $18.24-,Harrison
cc--- . c_
Henry. $12.76 $15.08 $14.18 _. $19.61 $24..12..._ Henry
Howard $11.66 $13.18 $12.96 $17.13 $21.09 Howard
Humboldt $11.29 $12.55 $12.55 $16.31 I $20.08 Humboldt
Ida $11.85 $14.22 $13.16 $18.48 $22.75 tlda
Iowa $12.83 $15.05 $14.26 U --- $19.56 $24.0~owa
Jackson $9.68 $10.76 $10.76 $13.99 $17.22 Jackson
Jasper $13.95 1$16.11 $15.50 ,$20.94 $25.77 Jasper
For Applications received 10/1/2006 thru 12/31/2006
R - county or regional wage average. whichever is less
--_.~_.._._.".-._.,.._---_._~-_._--~~-_.__._--~--------,._------~~._---_._--_._------~~~---_.__._---~.__._,....-..-.,.---
Iowa Department of Economic Development
2006 (4th Quarter) County and Regional Wage Averages
.. ...
Q15IiI cE8A.>f&Oo;ooo
EZ SlSA GIVFlHQJC HQJC
9B%R 100% 100%R 130% 160% County
~~erson~___j--i~~~~!~L~$13.J4 _+__$1~~* __ _Jl23.16 Jefferson
12.95 .
Jones .. I . I ,1.85 ._1__~1 ;.40--+_._~8. Jones _._
~_kuk_ 0_.1_ $9.90 _L$..1.1..:.0..Q. _!1..1.00 _l_Jl1430___+_..Jl.17.60_ IKeokuk
~~uih ~_ J_J..1.128'::- I $12.531_ji"!.?~:3..--1_ $1629 J_$200S--=LKossut.tl.....-. _.._
~____~__~~Q.8 $1487 $1453 -+-_~~3.:3..._~79~~__
~____ 1_ $13.68 !~~~....Jl_15.20. _(____$2464_ o-I.3.3Q~_f,~~~----
Louisa___l- _!1..1.J0 $13.00 I $1~Q.D__L_ !16.90...___ $20.~Cl._ ~uis.a.___
Lucas__ _! $11.49 $13.42-r--_$.!2.76 L _.117.45____!2.l~8_~ ~LJca~.___
~__ _::....1 $10.27 $11..:.41-!--111.41_-1 $14.84 _ $18.26 Lyon_
Madison___J $10.60 1$11.78-+. $11.78 I. __$15~__ ' _.!1885 Madison
Mahaska. J _. $12.3i'ql$13.73 ~73 =l:= $17~_1= $21.97 Mahaska
Marion __I $13.91 $16.42 H~.46 $21.34 1 $26.27 Marion
Marshall -- - $13.10- $15.04 $14.55 . $19.56 1 $24.07 Marshall
~ills $10.90 $12.11 $12.11 ! $15.75 i $19.38 Mills
Mitchell $11.24, $12.49 $12.49 I.. _ $16.24 I $19.98 . Mitchell
Monona I.. $10.29 $11.441 $11.44 I $14.87 I $18.30 Monona
Monroe t-SK711$13.11 I $13.~$17.05 I $20.98 Monroe
Montgomery I $11.21 1$12.46 $12.46 I $1620 I $19.94 Montgomery
Muscatine I $14.37 $18.13 $15.97 I $23.58 $29.02 Muscatine
O'Brien I $10.02 $11.14 $11.14 $14.48 $17.82 O'Brien
Osceola 1$11.10 $12.55, $12.33 $16.32 $20.09 Osceola
Page 1$11.06 1$12.291 $12.29 $15.98 1 $19.67 Page --
Palo Alto .- 1_ $10.49 1$11.661 ~1.1.66 I $15.15 ! $18.65 .paloAlto
Plymouth t $12.86 . $15.96 ~4.28 T $20.75 1 $25.54 Plymouth
Pocahontas II $10~08 $11.20 I $11.20 1 $14.56 1 $17.93 Pocahontas
Polk $14.74 $19.56! $16.37----[- $25.43 '$31.30 Polk
--'-_.~---r-- I
Pottawattamie $11.55 $14.22 $12.83 ---i--- $18.48 I $22.75 Pottawattamie
Poweshiek _ $12.97 $15.72 $14.41 i $20.43 ,$25.15 Poweshiek
Ringgold $9.49 $10.55 $10.55 $13.71 $16.88 ,Ringgold
Sac 1 $10.09 1$11.21 I $11.i1 r $14.57 $17.93 Sac
Scott _+_!~?85 1$15.91' $15.39 --l- $20.68 $25.45 Scott
~~bY 1--#0.49 $11.65 $11.65 i $15.15 $18.64 Shelby
Sioux $11.47 $12.80 $12.74 ,$16.64 $20.48 Sioux
Story $12.47 $13.86 $13.86 $18.01 $22.17 Story
Tama $10.60 $11.78 $11.78 $15.31 I $18.84 Tama
~or $10.33 $11.48 $11.413. 1 $14.92 $18.36 Taylor
Union $10.44 $11.79 $11.60 H.32 $18.86 Union
Van Buren $11.37 $12.6~_._$12.63 i . $16.42 $20.21 Van Buren
Wapello $11.87 $14.38 $13.1L..J- $18.69 $23.00 Wapello
Warren $11.69 i $12.99 $12.99 I $16.89 I $20.79 Warren
Washington $10.69 $11.88 $11.88 $15.44 I $19.00 WashinQton._
Wayne $9.18 $10.20. $10.20 i $1327 $16.33 Wayne
1--+
;%ebster _.. I $12.05 $14.84 i $13.39, $1929 $23.74 Webster
Winnebago $10.77 '$11.96 $11.9R=$15.55 ,$19.14 Winnebago
Winneshiek $11.47 $13.51$12:75 $17.56 $21.61 Winneshiek
Woodbury $12.37 $14.07 $13.74 - - $18.29 $22.52 IWoodbury_
Worth $10.35 $11.50 $11.50 i $14.95 $18.40 1 Worth
Wriaht $12.05 $13.39 $13.39 1 $17.40 $21.42 IWriaht
For Applications received 10/1/2006 thru 1213112006
R ~ county or regional wage average, whichever is less
City of Iowa City and Iowa City Area Development Group
Memorandum of Understanding for
Services Provided by ICAD Group to City of Iowa City of Iowa City
The City ofIowa City is committed to investing $100,000 during ICAD Fiscal Year
2007. The services to be provided for this investment will include, but are not limited to
the following items.
I. Provide aerial photos of industrial, office parks, and other substantial commercial
site in Iowa City. Additional fees may be associated with photos of sites not
linked with the core work associated with ICAD Group (i.e., residential, retail,
etc.). It is expected that these photos will be completed in the spring of2007.
2. ICAD Group will interview all of their clients residing in Iowa City as part of the
existing business services program (Synchronist).
3. ICAD Group will continue to visit the corporate headquarters of companies with
operations in Iowa City and will provide a verbal report related to issues
pertaining to city services or areas in which the city can provide resources to
improve general business conditions or specific company needs.
4. The ICAD Group President will provide a general organizational update to the
city council in the spring of 2007. Other presentations, such as company
expansion/location opportunities, or on special request by council will also be
granted.
5. ICAD Group will engage the City ofIowa City and other city investors, as it
redevelops the content of its prospect packets, including site and building formats.
6. ICAD Group will assist in the production of a new marketing packet of Iowa City
area information to complement prospect packets.
7. ICAD group will continue to work with city officials and area leaders on the
development of the commercial and industrial zones: Northgate Corporate Park,
Scott Six, Lower Muscatine Road and Highway 6, Industrial Park Road, Heinz
Rd. and Highway 6 Commercial Urban Renewal Area, Mormon Trek Industrial
Park and Airport Commerce Park areas.
8. ICAD Group will work with Economic Development Coordinator's office to
gather information for the annual Community Profile.
9. ICAD Group President and Economic Development Coordinator will meet
monthly to share information and coordinate efforts.
10. ICAD Group will provide assistance with applications to the State ofIowa.
II. ICAD Group will provide a year-end report on the progress made on the above
action items.
Steve Atkins
date
Joe Raso
date