Community Resources is a non-profit organization that aims to support Yellow Springs' economic and cultural life by coordinating with local groups and businesses. It is currently focused on developing a commerce and education park called the Center for Business and Education to address issues like lost tax revenue and a lack of space for business growth. Community Resources is proposing forming a Community Improvement Corporation (CIC) that could help with economic development projects and act as the Village's designated agency for such work. Other examples of CICs provided include those in Miamisburg, Lake County, and Reading, Ohio.

1. Yellow Springs Community Resources Local Presentation August 3, 2009 CR to Council, RE: CIC

2. Agenda, Part 1 Community Resources Chamber of Commerce Local Economic Development Needs CR to Council, RE: CIC

3. About Community Resources Community Resources is a non-profit community improvement corporation (CIC) with deep roots in Yellow Springs and Miami Township. Community Resources (CR) aims to foster and support economic and cultural life in the community by coordinating and supporting the efforts of local government, community organizations and local businesses. CR works on projects that promote a healthy economic base for the community in ways that are consistent with the values of the community. It seeks to improve the tax base by retaining local businesses and attracting those that are community-friendly. CR strives to understand how the local economy functions, to consider how events may impact the area, and to share this information with the entire community. CR to Council, RE: CIC

4. Membership of Community Resources (CR) Non-profit volunteer board from large & small employers, citizens, nonprofit and community organizations, and government Current board: Lisa Abel, Megan Bachman, David Boyer, Mark Crockett, Michael Fishbein, Tim Rogers, Jerry Sutton, Kathryn Van der Heiden (e.o.), Karl Zalar CR to Council, RE: CIC

5. History of CR 1999 – Formed CIC 2000 – Business retention study 2001 – Economic assessment study 2002 – Community commerce park discussion 2002 –Cooperative Economic Development Agreement (CEDA) process started 2004 – Purchased Vernay property, 46 acres, for commerce park (CBE) 2007 – McGregor opened at CBE CR to Council, RE: CIC

6. Current CR Focus CBE development: Design for infrastructure: now-early 2010 Select construction contractor: spring 2010 Construction of infrastructure: summer-winter 2010 Network with regional & state economic development groups Conduct updated business retention study

7. Center for Business & Education CR to Council, RE: CIC Conceptual CBE layout. ~ 35 acres

8. Center for Business & Education Community Resources is actively pursuing the development of a community-friendly commerce and education park that will maintain and improve the community tax base. It will address the following issues: Lost tax revenue from 20% decrease in population over 30 years Lost tax and utility revenue from 15% decrease in local jobs in 10 years (pre-Antioch impact) Service costs and tax burden spread over fewer businesses, employees and residents Village future expenses include more than $10 million in capital projects Lack of planned space for business growth CR to Council, RE: CIC

9. CBE Funding Sources Village economic development revolving loan fund, $300,000 YS Community Foundation, $100,000 Army Corps of Engineers and Dept of Transportation grants, $1.04 million Local matching grant $175,000 Shovel Ready Funds, Dayton Development Corporation $165,000

10. Chamber of Commerce The mission of the Yellow Springs Chamber of Commerce is to promote economic development and maintain and improve the prosperity of its member businesses and organizations, thereby improving the quality of life in the Yellow Springs area community . CR to Council, RE: CIC

11. Chamber Guiding Principles Support business development Maintain and improve the prosperity of Chamber members Support local buying of goods and services Promote good business practices Serve as a source for local and visitor information Conduct Chamber business professionally Operate a fiscally sound organization CR to Council, RE: CIC

12. Development Within Village Village has more tools to ensure development is appropriate: Annexation Zoning Planning & comprehensive plan Urban service boundaries Village infrastructure and utilities are appealing to businesses

13. Economic Development Opportunities Growth of Antioch University-McGregor Assist with return of Antioch College Reuse of Antioch Publishing and Vernay properties Partnerships with Arts Council, other economic development groups Support new economic sustainability coordinator CR to Council, RE: CIC

14. Questions? Comments? CR to Council, RE: CIC

15. Agenda, Part 2 Explanation of CIC Examples of other CICs

16. CIC: Ohio Revised Code 1724 A Community Improvement Corporation (CIC) may be established by one or more local political subdivisions and designated as their agent, for: Advancing, encouraging, and promoting the establishment and growth of industrial, economic, commercial, distribution, research and civic development of the region; Buying or leasing lands owned by the Village or Township for uses that will, in addition to items above, promote residents, stabilize the economy, provide employment, or provide additional opportunities for employment. Promoting economic and housing development in the region. Providing a plan for the above items. CR to Council, RE: CIC

17. Possible CIC Powers To borrow money. To make loans. To acquire, manage, and dispose of real and personal property. To acquire, reclaim, manage, or contract real estate for the purpose of constructing industrial plants, other business establishments, or housing thereon. Dispose of industrial plants, business establishments, or housing. To mortgage or otherwise encumber any property acquired. To serve as an agent for grant applications and for the administration of grants. To engage in code enforcement and nuisance abatement. To charge fees or exchange in-kind goods or services for services rendered. To employ and provide compensation for an executive director. CR to Council, RE: CIC

18. CIC Membership 40% of the designated CIC board will be made up of elected officials or appointed officers. No member of the CIC board will be disqualified from holding public office. CR to Council, RE: CIC

19. Confidentiality When Board of CIC, or any committee, considers information not a public record (i.e., financial & proprietary information in connection with relocation, location, expansion, improvement or preservation) the meeting may be closed . Any meeting at which a decision or determination of the Board is rendered shall be open . CR to Council, RE: CIC

20. Per Community Resources Bylaws The Yellow Springs and Miami Township Community Improvement corporation (Community Resources) is formed exclusively for the sole purposes authorized for community improvement corporations by the Ohio Revised Code at sections 1724.01 et seq ., as may from time to time be amended, to provide leadership in the creation and implementation of strategies to address the need for economic development that are congruent with the values of the community. CR to Council, RE: CIC

21. Miamisburg Mound CIC Mound site decommissioned by the DoE in the early 90’s, and Federal government transferred it to Miamisburg City of Miamisburg created the Miamisburg Mound Community Improvement Corporation (MMCIC) and transferred the Mound property to it. MMCIC spearheaded redevelopment and reuse of the site and directed the sale/transfer of the site’s technologies and facilities to the private sector. The MMCIC the also established the Mound Advanced Technology Center, where 16 companies and 260+ employees continue today. MATC is a powerful combination of business solutions in a nurturing environment to facilitate innovation and ED. CR to Council, RE: CIC

22. Lake County, Ohio CIC The sole purpose of the Community Improvement Corporation of Lake County, Ohio is to advance, encourage and promote the industrial, economic, commercial and civic development of the County of Lake, Ohio and the political subdivisions located therein by acting as the designated agency of the County of Lake, Ohio and one or more municipal corporations located therein, for the industrial, commercial, distribution, and research development in such political subdivisions, in accordance with section 1724.10 of the Revised Code of Ohio. CR to Council, RE: CIC

23. Reading, Ohio CIC The purpose of the Reading CIC is to attract new businesses to the City of Reading, as well as to retain those businesses already operating in Reading. As the City’s designated agency for industrial, commercial, distribution, office and research development, the goal of the CIC is to increase and stabilize the local tax base. The Reading CIC offers a variety of services and financial development incentives that benefit new or expanding businesses including industrial revenue bond program; City of Reading low interest loan program; residential disaster aid loan program; special economic development projects. CR to Council, RE: CIC

24. Questions? Comments? CR to Council, RE: CIC