HUNTINGBURG REDEVELOPMENT COMMISSION

Minutes of the Thursday, February 2, 2006 Meeting

The Huntingburg Redevelopment Commission met in session on February 2, 2006 at 5:28 P.M. at the Huntingburg City Hall.� Members present were Eugene Peters, Tim Sternberg, Kenneth Lau, Robert Fowler, and James Heidorn.� Mayor Gail N. Kemp, Code Enforcement/Planning Director Rich Hazlewood, Plan Commissioner John Burgdorf, and WBDC�S Jim Anderson were also present.

The minutes of the January 3, 2006 minutes were read and approved as submitted.� A motion to approve the minutes as submitted was made by Bob Fowler.� The motion was seconded by Jim Heidorn.� The motion was approved by a vote of 5-0.

Huntingburg Redevelopment Commission Resolution 2006-01 was introduced by Tim Sternberg, seconded by Kenny Lau, and adopted by the membership by a vote of 5-0.� This resolution resolved by the Huntingburg Redevelopment Commission, that formal request be made of the Dubois County Commissioners to assign jurisdiction of the County Area, as more particularly shown in Exhibit A, to the City of Huntingburg Redevelopment Commission for the purpose of economic development and allocation of property tax proceeds generated by incremental increases in assessed value, to become part of the City of Huntingburg 400W Economic Development Area.� It further resolved that the allocation of County�s portion of property tax proceeds generated by incremental increases in assessed value from this project, and any future projects in the County Area, shall be used to finance improvements to the railway serving the economic development area and other permitted uses serving or benefiting the economic development area in the County.

The approval of the agreement for right-of-way engineering services for the Chestnut Street project was tabled until the next meeting.

The next meeting will be Wednesday, February 22, 2006 at 7:00 P.M. local time.

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There being no further business to come before the Commission, a motion to adjourn was made by Tim Sternberg and seconded by Kenny Lau.� The Huntingburg Redevelopment Commission approved the motion to adjourn by a vote of 5-0.� The time of adjournment was 6:00 P.M.

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Kenneth Lau, Secretary

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Eugene Peters, President