The Powell Development Corporation (PDC) met on Tuesday, November 25, 2025, at 6:30 PM in Council Chambers. The meeting covered routine approvals, reports from officers and staff, new business including marketing updates and the 2026 proposed budget, and an update to the Corporation's Code of Regulations. Key actions included approval of the 2026 budget, direction to draft a transition plan for the Code of Regulations, and cancellation of the December meeting.
Good evening. I'd like to call the uh Powell Development Corporation meeting to order. It's Tuesday, November 25th. First order business is uh called a role if you would please. Tom counts here. John Hughes. Here. Jim Karevnik. Here. Nicole Scott. Here. Andrew White. Here. Thank you. Item two on this evening's agenda approval of the minutes from the Powell Development Corporation meeting held on October 28th. None I'll ask for motion. Move to adopt. I'll second. We have a motion and a second to adopt the minutes was written. All those in favor say aye. Aye. Oh, frame signed. Minutes are approved. Item three on the agenda is the report from the president. No special report this evening. Let's move to the treasurer's report, which is item four. Nicole. From a treasure perspective, um, no super significant transactions to cover report in. Um I'll ask Samantha if there's anything noteworthy to call out for the benefit of the group. Um I'll call out under the real estate line. There's about $13,281 for the month. Um about 12,000 of that was an additional um real uh property tax payment that we issued to the county. Um there were some legal proceedings, uh, discussions regarding the 4630 West Powell Road property and its valuation with the county auditor. Um so they kind of finally settled those discussions. Um, so we received they increased the property value as part of that settlement. So with that, we got confirmation from our law director that it was um they're now assessing the parcel at the value that it was agreed upon. Um so with that we have an additional about 12,000 dollars. We we did negotiate that value down from what they had originally wanted to value it at. So interesting that we tore the structure down and it's worth more now. Yeah, yeah. And I believe moving forward, um, we're working on getting a tax exemption for that site. Um, we weren't able to have that before because there was a structure on it, somebody was living in it. Um, so moving forward, it should be exempt. Okay, good. Uh anything else? Samantha, thank you. Uh questions for Nicole and staff. Thank you, Nicole. Uh let's move to item five report from the economic developer. Thanks, Jim.