Economic Development Council

BLUE SPRINGS ECONOMIC DEVELOPMENT COUNCIL MEETING October 19, 2016 – 8:00 A.M. Journagan Family Community Room Howard L. Brown Public Safety Building 1100 SW Smith Blue Springs, Missouri 1. Call meeting to order – Mayor Ross 2. Administer Oath of Office – City Clerk 3. Appointment of Officers – Mayor Ross • Chairman • Vice Chair 4. Executive Session – Leasing, purchase or sale of real estate; and Contract negotiations pursuant to RSMo. Sections 610.021 (1), (2), and (12), respectively 5. Blue Springs Economic Development Corporation Asset Disposition Update - Adam Norris 6. Goals, strategies, and future meeting topics a. Discussion 7. Calendar of meetings 8. Visitors 9. Adjourn NEXT MEETING: Wednesday, December 21, 2016 – 8:00 A.M. Journagan Family Community Room Howard L. Brown Public Safety Building 1100 SW Smith Blue Springs, Missouri If special accommodations are required for citizen participation at this meeting please call (816) 228-0111 TO: Economic Development Council FROM: Adam Norris, Deputy City Administrator SUBJECT: Agenda Item #5-Blue Springs Economic Development Corporation Asset Disposition Update DATE: October 17, 2017 At the August meeting of the Blue Springs Economic Development Corporation (Corporation), the Board of Directors (Board) authorized the dissolution of the Corporation. As part of that action, the Board authorized the Corporation’s staff to dispose of any assets in accordance with the by-laws of the Corporation. It is important to note that the Corporation had very limited assets. Methods of disposition were determined as follows: 1. Assets determined to advance the Corporation’s mission were transferred to the City for reuse in the economic development function. 2. Assets with residual market value were sold. 3. Assets with no value were offered to 501(C)(3) community partners (Downtown Alive and Chamber of Commerce) which have missions aligned with the Corporation’s to avoid storage or disposal costs. 4. Electronic assets that did not have a market value were recycled as part of the sale of other products to avoid incurring a disposal cost. A detailed list of assets and method of disposal will be provided at the meeting.