Rockford Sun

City of Carlyle Economic Development Committee Met May 3.

Here is the minutes provided by the committee:

Roll Call/Call to Order

The meeting was called to order by Chairman Shannon Petrea on Monday, May 3, 2021 at 6:01 p.m. at Case Halsted Library located at 550 6th Street, Carlyle, IL 62231. Board members present included Shannon Petrea, Andy Zieren, Marland Tucker, Greg Faupel, and Jeff Taylor. Jennifer Gazda, Karla Caplinger, Rachel Schumacher, and Ed Carroll were absent. Others present included Amy St. John, Tonya Drake, Mayor Judy Smith, Andy Brackett, and Martha Reinkensmeyer.

Approval of Minutes

After reviewing the minutes from the March 23, 2021 meeting, Jeff Taylor made a motion to approve the minutes. Andy Zieren seconded the motion. After a voice vote, all were found in favor.

ILLINOISouth Tourism Commitment Letter

Andy stated that he would like the Board to agree to spending $10,000. This would allow the City to get a 15 percent discount on advertising through the ILLINOISouth Tourism Bureau. Since joining last year, the Bureau has helped the City redesign its billboard on New 50 and put ads at a discount in the ILLINOISouth Visitors’ Guide. Greg Faupel made a motion to spend $10,000 for the advertising commitment with ILLINOISouth Tourism Bureau. Jeff Taylor seconded the motion. After a voice vote, all were found in favor.

Revolving Loan Fund Application – Two Sisters LLC

Amy St. John stated that she and Tonya Drake have moved their upholstery business into their new location on 9th Street. They are asking for an RLF loan of $30,000 to help purchase inventory such as fabric and crafting supplies. They also hope to use the loan to purchase a cash register and install Internet. Amy stated that she and Tonya have put around $10,000 of their own money into the business and Amy is willing to put up a personal CD as collateral, if necessary. A loan from another financial institution has not yet been procured. Jeff Taylor made a motion to enter executive session. Andy Zieren seconded the motion. The Board entered executive session at 6:17 p.m.

Old Business

There was no old business.

New Business

There was no new business.

Any Other Comments

There were no any other comments.

Public Comments

There were no public comments.

Vote on Executive Session Items

The Board exited executive session at 6:29 p.m. Greg Faupel made a motion to give Two Sisters LLC an RLF loan of $15,000 to be paid back over five years and Amy St. John and Tonya Drake must each sign a personal guarantee.

Adjournment

With no further business to discuss, Jeff Taylor made a motion to adjourn. Marland Tucker seconded the motion. Finding all in favor, the meeting was adjourned at 6:29 p.m.

https://go.boarddocs.com/il/carlyle/Board.nsf/Public