Laserfiche WebLink
Committeemember Tipps asked, Who is going to administer and monitor compliance and how <br /> will they do that? Who will audit their annual pay roll? <br /> Mr. Mueller replied, We have been thinking a lot about the operations and compliance and we <br /> have a draft amendment that we would like Council to consider. The amendment includes pieces <br /> that Councilmember Williams-Preston talked about with regard to TIF workers. We were asking <br /> a later effective start date. We also aren't aware of anyone under the $10.10 mark. We will be <br /> making it a part of the contractual agreement between the applicant and the Common Council. <br /> The amendment will also clarify where this will be reported. <br /> Councilmember Scott stated, If this goes through the ultimate impact is on the decision of the <br /> company. There is a lot to this. What are we doing on audits currently? <br /> Angelina Billo, Business Development Manager for the Department of Community Investment <br /> with offices on the 14th floor of the County-City Building, stated, We usually require CF-1 <br /> Forms on an annual basis. These forms provide us information on the actual achievements. When <br /> companies come to us for a tax abatement,they give us estimates. CF-1 Forms give us the actual <br /> information. <br /> Councilmember Dr. Varner asked, Was the amendment offered today to be acted upon? <br /> Mr. Mueller replied, With the passing of this, we were hoping to add some of these things. <br /> Councilmember Dr. Varner followed up, If that is the case, this should be continued to a later <br /> date. If there is a large amendment and we haven't seen it yet, we can continue the discussion. <br /> Councilmember Broden stated, I am in support of continuing this. <br /> Committeemember Davis made a motion to continue Bill No. 48-17. Committeemember Kelly <br /> seconded this motion which carried unanimously by a voice vote of four(4) ayes. <br /> With no other business, Committee Vice Chair Williams-Preston adjourned the Community <br /> Investment Committee meeting at 5:34 p.m. <br /> Respectfully Submitted, <br /> Regina liams-Preston, Vice Chairperson <br /> 5 <br />