Minutes 04/27/1993 - Laserfiche WebLink

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TUESDAY, APRIL 27, 1993 $50,000 for this item. Mr. Prillaman's statement urged the Council to meet with the Henry County Board of Supervisors if it wished to change the historical funding percentage of 50% County, 50% City. In response to a question from Councilman Oakes, Mr. Lester said the EDC's marketing efforts would be greatly curtailed if it only received $50,000 from the Council. In response to a question from Mayor McClain, Mr. Reynolds said his recommendation for funding in the amount of $50,000 was based on changing the funding formula to reflect population differences in the City and County. Mr. Reynolds noted that by funding the EDC at $50,000, the City would be contributing 33% of the total budget, which is a greater percentage than would be the case if the budget were based strictly on population. EDC Board member Irving Groves, Jr. read from the EDC bylaws, which were adopted by the City and County in 1982 and also reviewed the process by which the EDC was formed. Mr. Groves said not funding the full request would send "the wrong message" regarding economic development. Several members of Council voiced support for the idea of meeting with the Board of Supervisors to discuss the funding formula. Mayor McClain said there was no point in having such a meeting unless there was support among members of Council to change the formula. Upon motion, duly seconded and by unanimous vote, Council decided that no action would be taken at this meeting on any budget item. Upon motion, duly seconded and by unanimous vote, Council asked the City Manager to place the EDC funding formula issue on a future agenda of the Council for discussion. Council considered the budget request of the Pittsylvania County Community Action Agency. The Agency requested $30,299 for FY 93-94. The City Manager's supplemental budget recommends funding in the amount of $5,000. Sherman Saunders, Executive Director of the Agency, was