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voice vote of six (6) ayes. Committeemember Williams-Preston continued, This is the third time this bill has been brought to the Committee. I am excited because we have this one (1)right. This is a proposal to amend the ordinance to add the requirement that businesses receiving a tax abatement would agree to pay every employee at least as much as the City minimum wage. This is an opportunity to live our values and be responsive to what is going on in our community. There are a lot of people living below or at the poverty line. This will start January 1, 2018. We also added language to address tip workers. We have struggled around issues of enforcement and I want to thank everyone that will help in making a separate ordinance that will address that. Councilmember Dr. David Varner asked, Will this be retroactive for people with tax abatements already? Committeemember Williams-Preston replied,No. Committeemember Will Smith stated, I want to thank Committeemember Williams-Preston for calling me and reaching out. Did you get the parable I sent you? Committeemember Williams-Preston replied, Yes I did. I look forward to coffee. Committeemember Smith replied, I'm at peace. Councilmember Jo M. Broden stated, I am supportive of the amendments. James Mueller, Executive Director of Community Investment with offices on the 14th floor of the County-City Building, stated, I would like to clarify what version we are working off of. There was some new language proposed. He then went on to read the clarifications to the Committee. Committee Chair Ferlic then opened the floor to members of the public wishing to speak in favor of or in opposition to the legislation. Dave Rassmunsen, 330 W. Colfax Avenue, stated, I'm glad the City is doing this. Holding the contractors and developers to the same standards the City holds itself to is a really good move. Committeemember Oliver Davis made a motion to send Substitute Bill No. 48-17 to the full Council with a favorable recommendation. Committeemember Kelly seconded this motion which carried by a voice vote of five (5) ayes and one (1)nay (Committeemember Smith). Bill No. 17-60- Designating Personal Property Tax Abatement for Masterbilt Daniel Buckenmeyer, Director of Business Development for Community Investment with offices on the 14th floor of the County-City Building, stated, There are some great things happening in South Bend. There are some investments in some long-time existing small businesses, bringing in new medium-sized businesses and also paving the road for some big businesses. Masterbilt has been in South Bend for over sixty(60) years. They are looking to incrementally expand their business. They are asking for a five (5) year personal property tax abatement. They will be making over$500,000 of investments in some new equipment and will make two (2) advanced manufacturing jobs that will both pay over eighteen dollars an hour($18/hr). The total tax abated over the five years will be about$16,000 and they will be paying about $25,000. 2