Meeting recap Committees of Council
Avon Discusses New Economic Development Corporation
During the March 16, 2026 meeting, the Economic Development Committee discussed forming a Community Improvement Corporation to help manage city properties, assist local businesses, and drive economic growth. The committee agreed to recommend the proposed ordinance to the full council with changes to the board's structure, including adding two council-appointed members and three resident members.
Highlights
- The committee discussed forming a Community Improvement Corporation to acquire, own, and lease property without traditional bidding requirements.
- City officials debated potential funding sources, loan risks, and grant programs for local businesses.
- The board structure was modified to include seven voting members, featuring two council members and three residents.
- Recommendations for the new corporation will move forward to the full council for consideration.
Decisions
| Item | Outcome | Vote |
|---|---|---|
| Include two members of Council appointed by the Council President and designate the Planning and Economic Development Coordinator as a non-voting member | passed | 3-0 |
| Provide for the appointment of three resident members by the Mayor subject to Council approval | passed | 3-0 |
| Substitute Finance Director for Treasurer and establish a Recording Secretary position | passed | 3-0 |