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2-16-17
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2-16-17
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<br /> <br />nd <br />b. FY 16 2 Quarter Reports (informational) <br />Ms. Lloyd stated that the Board packets included a second quarter report from FY 17 recipients. Ms. Lloyd <br />stated that reports covered the period of September through December 2016. Each recipient completed the <br />report. Ms. Lloyd indicated that a cover memo provided the Board with an overview of funds expended. To <br />date, $406,606.25 remains in unspent funds. <br /> <br />Board asked about Create Space funding. Ms. Riganti indicated that Create Space had withdrawn request <br />for current proposal. City Council did not vote on the amended budget to support Create Space, per the <br />EDRST Board’s request. Mr. Winer noted that a significant amount of funds still remain and questioned if <br />all funds would be expended. Mr. Kuhlman noted that the Midtown Farmers Market report was very <br />complete. <br /> <br />c. FY 17 – Economic Development Retail Sales Tax Fund – Applications and Applicant Presentations (10 <br />minutes per applicant) (Review and discussion) <br /> <br />Mr. Winer stated that each applicant had 10 minutes for a presentation and Board members were welcome <br />to ask questions after the presentation. Ms. Riganti provided a brief overview of the EDRST funds including <br />the use of funds based on the criteria developed by the EDRST Board and the state statute. Ms. Riganti <br />informed the Board that there is $565,000 available for FY 18 programs and projects. Mr. Winer then invited <br />each applicant to present to the Board. <br /> <br />i. University City Chamber of Commerce – Mary Adams, Executive Director of the University City <br />Chamber of Commerce provided an overview of projects being requested for funds in FY 18. Ms. <br />Adams provided a brief overview of the mission and goals of the Chamber and stated that the Chamber <br />represents all of University City businesses and the Chamber works closely with the City on Economic <br />Development initiatives. The Chamber is requesting a total of $105,500. The funds requested will be <br />used for marketing and advertising ($36,000), a North and South and Delmar business district block <br />party ($8,000), the annual Taste of U City ($7,000), Olive Link revitalization projects ($11,500), Regional <br />branding and tourism ($33,000) and training and small business workshops ($10,000). <br /> <br />ii. Create Space Generator, Inc. – Julia Li of Create Space presented the $130,000 request. Ms. Li began <br />the presentation by detailing the concept of Create Space, to support makers and artist and develop a <br />true retail incubator in University City, the center of creativity. Funds will be used to support two <br />programs: Create Space, an artist retail storefront in the Delmar Loop and Kitchen Space, a 24-hour <br />culinary kitchen that can support food truck operators, bakers, and caterers and provide educational and <br />cooking class. Funds would support scholarships for University City residents to be a part of the <br />incubator program and provide support for programming at both Create Space and Kitchen Space. <br /> <br />iii. Mannequins on the Loop – Audrey Jones presented the $10,000 request for the Mannequins on the <br />th <br />Loop event. In fiscal year 2018, it will be the 10 annual event and Ms. Jones would like to market and <br />promote the event to a broader audience. Ms. Jones also indicated that there is a goal to provide 50 <br />mannequins from Kingsland to Rosedale (in St. Louis). <br /> <br />iv. Loop Special Business District – Joe Edwards, President of the Loop Special Business District (LSBD) <br />provided an overview of project and fund requests for FY 18, a total of $226,500. Mr. Edwards stated <br />that the LSBD is requesting funds for Loop events ($75,000) including an expanded Ice Carnival. The <br />event will be held for three days in FY 18. In addition, some infrastructure projects are being requested <br />including a one of a kind “Welcome to the Loop” illuminated sign and lighting ($80,000) and tree grates <br />($45,000). The LSBD is also requesting funds to print Delmar Loop brochures and update the directories <br />($14,000) when new businesses come into the Loop. The last request is to continue to promote the <br /> <br />2 <br /> <br />
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