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PDC board approves minutes, reviews treasurer’s report and hears Arts District ordinance update
Summary
The PDC board approved minutes from prior meetings, heard a treasurer’s summary of available funds and loan receivables, and received an update that a draft Arts District ordinance is with legal and will move through council and committee review.
The Portland Development Commission board approved minutes from its August and Dec. 19, 2024 meetings, heard the treasurer’s report for December and received an update on Arts District work and scheduling for its next meeting.
The board approved the August 15, 2024 minutes and the Dec. 19, 2024 minutes in separate roll-call votes. During the votes several members abstained. For the August minutes the transcript records Beverly (yes), Eamon (abstain), Jonathan (yes), Dina (yes), Councilor Grant (abstain), Scott (abstain) and the presiding officer (yes). For the Dec. 19 minutes the transcript records several abstentions from members who said they had not attended that prior meeting; the chair then announced the minutes had passed.
Laurie [last name not specified], in the treasurer’s report for December, said the administrative budget is approximately 62% spent for the year-to-date and noted about $1,700,000 available in non-Brownfield funds to grant. She said the Brownfield fund had an uncommitted balance of “approximately 960,000” and that the PDC had 32 outstanding loans representing roughly $3,700,000 in principal with about $1,100,000 repaid to date.
Greg [last name not specified] gave a brief update on Arts District work, saying a draft ordinance is currently with legal. He said he had a scheduled meeting with colleagues to resolve final issues and that the ordinance will be taken to the Housing and Economic Development committee for recommendation to the council. Greg said the PDC plans to return to the board soon with recommendations tied to the ordinance that would provide incentives for property owners to fund exterior improvements, with lighting frequently mentioned as a potential improvement to enhance safety and the streetscape along part of Congress Street.
The board noted its next regularly scheduled meeting is Feb. 20, 2025, and that a special meeting may be requested before then if necessary.
