C I T Y C O U N C I L C H A M B E R S - City of Youngstown
C I T Y C O U N C I L C H A M B E R S - City of Youngstown
C I T Y C O U N C I L C H A M B E R S - City of Youngstown
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CITY COUNCIL MINUTES<br />
JANUARY 7, 2004<br />
AND ALSO ACCOMPLISHING THE GOALS THAT I BELIEVE YOU’D LIKE TO<br />
ACCOMPLISH ON WEST FEDERAL STREET AND DO SOME ECONOMIC<br />
DEVELOPMENT PROJECTS WITH THE MONEY FOR JOB CREATION ALSO. ON<br />
THAT TRACK BECAUSE THE, AND I’M SURE THE IMPRESSION IS FAIR BUT I<br />
HAVE TO CORRECT IT IS A MISIMPRESSION AND I ACCEPT RESPONSIBILITY<br />
FOR THAT, IN TERMS OF TRYING TO DEVELOP A CONVOCATION CENTER<br />
THAT INITIATIVE HASN’T STOPPED. YOU ARE ALL AWARE THAT FROM THE<br />
BEGINNING WE ATTEMPTED TO LURE PRIVATE CAPITAL TO DEVELOP A<br />
CONVOCATION CENTER AS A PRIVATE PUBLIC PARTNERSHIP. WE HAVE<br />
BEEN UNSUCCESSFUL IN DOING THAT. WE CONTINUE TO HEAR THAT<br />
THESE THINGS ARE PRIMARILY BUILT BY PUBLIC ENTITIES THAT THEY’RE<br />
NOT INVESTED IN BY PRIVATE ENTITIES AND THAT’S BEING BORN OUT IN<br />
THE EXPERIENCE THAT’S OCCURRING IN TOLEDO, OHIO, MASSILLON WAS<br />
NOT SUCCESSFUL, ERIE, PA. THEIRS IS ON HOLD ETCETERA SO IN THAT<br />
REGARD, WHAT WE’RE ATTEMPTING TO DO THROUGH DIALOGUE WITH<br />
SOME OF THE INITIAL INTERESTED PARTIES COUNCILMAN, IS TO SEE IF<br />
THEY CAN SECURE NON-RECOURSE TO THE CITY, PRIVATE FINANCING IF<br />
IN FACT FROM DIFFERENT GOVERNMENTAL ENTITIES ON THE FEDERAL<br />
LEVEL, IF IN FACT WE COULD INFUSE SAY FIVE, SIX OR SEVEN MILLION<br />
DOLLARS INTO THE PROJECT COULD THEY SECURE NON-RECOURSE<br />
FINANCING TO THE PROJECT WHICH DOES NOT THEN EVER THREATEN<br />
THE GENERAL FUND OF THE CITY OF YOUNGSTOWN. THEY ARE GOING TO<br />
GET BACK I BELIEVE IN THE NEAR FUTURE WITH THE FINANCE DIRECTOR<br />
DAVID BOZANICH TO LET HIM KNOW HOW SUCCESSFUL THEY’VE BEEN<br />
AND WHAT LEVEL OF DEBT THEY BELIEVE THEY COULD FINANCE NON-<br />
RECOURSE FOR A FACILITY OF THAT NATURE. IF WE COULD ACCOMPLISH<br />
THAT WE THEN BELIEVE WE THAT WE MIGHT BE ABLE TO PROVIDE SEED<br />
MONEY FOR A CONVOCATION CENTER AND ALSO DO SOME OF THESE<br />
OTHER PROJECTS IN TERMS OF THE WEST FEDERAL STREET<br />
REHABILITATION PROJECTS AND SOME ECONOMIC DEVELOPMENT<br />
PROJECTS IN THE CITY OF YOUNGSTOWN. THAT IS ABOUT AS, I COULD<br />
GET MORE SPECIFIC BUT THAT’S ABOUT THE TRACK THAT THINGS ARE<br />
GOING ON NOW. ONE IS THE SENATORS INITIATIVE THE OTHER IS AN<br />
ONGOING DIALOGUE TRYING TO ACCOMPLISH THAT OBJECTIVE AND<br />
TALKS ARE GOING ON TO TRY AND SEE IF WE CAN MAKE THAT HAPPEN”.<br />
MR. FORTUNE:<br />
“MR. GILLAM”.<br />
MR. GILLAM: “THANK YOU VERY MUCH MR. CHAIRMAN AND MAYOR.<br />
THAT DATE THAT YOU HAVE OF FEBRUARY 4 TH I’M TOLD BY THE<br />
CONGRESSMAN AT THE EARLIEST IT WOULD BE, WOULD BE IN MARCH.<br />
AND AS I UNDERSTAND THERE WAS NOT AN EXTENSION FROM THE<br />
CONGRESSMAN, HE TOLD US THAT WE WERE NOT EXTENDED AS FAR AS<br />
HAVING A TIME LIMIT. SO THAT TELLS ME THAT THE WINDOW OF<br />
OPPORTUNITY FOR THIS CONVOCATION CENTER IS VERY NARROW AND<br />
GETTING CLOSER BY THE DAY. ALSO . . .<br />
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