ECONOMIC DEVELOPMENT CORPORATION
OF WAYNE COUNTY, INDIANAMonthly Board Meeting Minutes
Monday, May 6, 2013
BOARD MEMBERS PRESENT:

Ahaus, Clark, Elzemeyer, Green, Guiley, Hackman, Meredith, Robinson,Warner, Witte

BOARD MEMBERS ABSENT:

Cohen, Smith

STAFF PRESENT:

Shaffer, Doty, Geres

GUESTS PRESENT:
Albrecht, Albert
Allen, Paul
Asbury, Stacey
Beeson, Christopher
Bell, Stephanie
Bender, David
Berry, Debbie
Blakely, Curtis
Borchers, Steve
Burns, Denny
Butters, Mary Anne
Butters, Tom
Cenova, Peggy
Chamness, Joe
Dehaven, LizElder, Alan
Fowler, MickFrench, JamesGolden, Roger
Groth, Norene
Hays-Mussoni, Stephanie
Hollis, Misty
Holthouse, Amy Oler

Huffine, Jeff
Hunter, JonHutton, Mayor Sally
Jackson, Jeff
Jarrett, Nick
Kates, Gene
Kenworthy, Mindy
Kleer, Garry
Lanman, Denise
Lynch, MichaelMartin, Gail
Martindale, Chuck
Oler, Ron
Paust, Kenneth
Pfoutz, Helene
Plasterer, Jeff
Poinsett, Kim
Powell, Bob
Richards, Larry
Ronald, Louise
Saunders, Gary
Scheiben, Justin
Smith, Sara

Smith, Victor
Soukup, Mark
Sowers, George
Sparks, Tim
Stamper, Dan
St. John, Acacia
Stoops, Pam
Stoughton, Matt
Tabeling, ChuckTeeguarden, GaryThomas, Mary Jo
Thurlow, KimTincher, Steve
Vanderpool, Tyler
Walker, MaryWalker, Mike
Wandersee, DanielWeinert, RobinWhitehead, MollyZhong, LeeZinkan, RobCALL TO ORDER
Board Chair Robinson called the monthly meeting of the Board of Directors of the Economic
Development Corporation of Wayne County, Indiana to order at 4:05 p.m. on Monday, May 6, 2013, at
Forest Hills Country Club in Richmond, Indiana, and welcomed everyone to the meeting.
APROVAL OF MINUTES
Motion by Elzemeyer, second by Green to approve the minutes from the April 1, 2013 monthly Board ofDirectors meeting. Motion carried.

TREASURER’S REPORT
Elzemeyer reported the EDC was under budget MTD and YTD. He reported nothing was out of theordinary and we should see the expenses come in closer to budget as Valerie starts to travel more.
Elzemeyer ran through the account summary as of April 30, 2013: Operating - $189,015.87, Silver Eagle $76,980.44, Discretionary - $65,333.38, Grant Administration - $6,466.99, and Escrow - $5,013.58.
Motion by Witte, second by Hackman to approve the April 2013 financial statement as presented.
Motion carried.
Other Business
A. Midwest Industrial Park Farm Lease
Doty and Sowers provided an overview of the Midwest Industrial Park Farm Lease. This was arenewal of the previous lease, with no changes, other than acreage. There was a slight reductionin acreage to be farmed due to construction associated with the development of phase II of theMidwest Industrial Park. Terms are 4 years beginning in 2013, 244.60 acres at $160.25 per acre.
Motion by Green, second by Elzemeyer to approve farm lease as presented. Motion approved.
B. EDC – City – Option to Purchase
Shaffer provided an overview of the option to purchase between the EDC and the City ofRichmond. The EDC has been approached by the City of Richmond to act as a conduit for thesale of the former Dana headquarters property located at 1400 Industries Road on the corner ofIndustries and Williamsburg Pike. The Option to Purchase between the EDC and the City gives
the EDC an option to purchase the property for the next 12 months and also allows us the ability
to sell or lease the property to a third party. The Richmond Board of Works approved thisagreement 5/2/13. The EDC will only exercise our option to purchase the property should wehave a buyer for the property. This gives the EDC the ability to sell the property or option theproperty to an end user, in this case Aeson. Motion made by Hackman, second by Meredith toapprove option to purchase as presented. Motion approved.
C. EDC – Aeson – Option to Purchase
Shaffer provided an overview of the option to purchase between EDC and Aeson. This option isalso for a total of 12 months. Aeson would like an option on the property in order to have theproperty under contract as a condition to submitting a proposal to an end user. Should the end
user accept the proposal by Aeson, Aeson will exercise their option to purchase from the EDC
and that will trigger the EDC to first exercise our option to purchase the property from the city.
Motion made by Green, second by Clark to approve option to purchase as presented. Motion
approved.
ADJOURNMENT
Robinson adjourned the monthly board meeting at 4:13 p.m. and the annual meeting began.
NEXT BOARD MEETING – 4:00 p.m. on Monday, June 3, 2013
Ivy Tech Community College, McDaniel Hall, Room 1147.