Note: These minutes should be considered a draft until they are approved by the Board of Aldermen at the July 17, 2007 meeting.

Work Session II

BOARD OF ALDERMEN

CITY OF PARKVILLE, MISSOURI

July 3, 2007

ATTENDEES:

Ward 1 Alderman Jim Brooks - Present

Ward 1 Alderman Deborah Butcher - Present

Ward 2 Alderman David McCoy - Absent w/prior notice

Ward 2 Alderman Gia McFarlane - Present

Ward 3 Alderman Marvin Ferguson - Present

Ward 3 Alderman Jeffrey Bay - Present

Ward 4 Alderman Gerry Richardson - Present

ALSO PRESENT: City Administrator Joe Turner

City Attorney Jack Campbell

Community Development Director Sean Ackerson

Public Works Director Dan Koch

City Collector Loretta Stevens

City Clerk Claudia Willhite

Administrative Assistant Deb Hammond

Janet Garms, Kutak Rock LLP

Roger Hershey, V.P. & General Counsel Park University

Phil Richter, Senior V.P. & Manager Public Finance UMB

Harry Sievers, resident

MEDIA PRESENT: Nancy Jack, The Parkville Luminary

Jared Hoffman, Sun Publications

Andy Hyland, Kansas City Star

Alan McArthur, Platte Landmark

WORK SESSION TOPIC: PRESENTATION ON CREATION OF A PARKVILLE INDUSTRIAL DEVELOPMENT AUTHORITY (IDA)

Mayor Dusenbery opened the work session at approximately 5:30 p.m. This work session was scheduled for a presentation facilitated by Janet Garms from Kutak Rock, LLP to educate the board on Missouri statutes regarding creation of an Industrial Development Authority (IDA), the steps involved and the purpose it serves. Ms. Garms noted that statute is specific as to what the Articles of Incorporation for an IDA include. Powers and responsibilities of the appointed IDA board were reviewed. Examples of some IDA projects from the Kansas City area, she said, are the Sprint Arena, the Power and Light District and Kaufman Stadium.

Ms. Garms said since the IDA is a separate entity; it does not count against the city’s bonding capability. Alderman Richardson asked if there are any limitations to the type of projects funded through the IDA. Ms. Garms answered that there is a restriction stating no public utilities can be funded through an IDA.

Mr. Phil Richter, from United Missouri Bank, explained that this is tax exempt financing issued by the State of Missouri or a political subdivision and the first step following board approval to form the IDA, is an application submitted to the board by the primary directors that Ms. Garms can help draft. Mayor Dusenbery said she has a list of potential Parkville citizens to ask about serving on the proposed IDA board.

Mr. Roger Hershey, from Park University, pointed out that although Park University might be the first entity in Parkville to benefit from this economic development tool, once it is established, they will certainly not be the last to benefit. A letter to the mayor and board of aldermen from Michael Short, whose input on the advisability of establishing an IDA had been requested from the board, is attached to these official minutes. It was noted that in it, Mr. Short said that even without Park University’s current proposal, establishing an IDA is a prudent step for the City of Parkville that will provide the city with another tool to address continued growth and development within the city.

Mayor Dusenbery asked if there were any other questions from the board. Hearing none, the work session closed at approximately 6:52 p.m.

Submitted by:

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City Clerk Claudia Willhite, 07/17/07