07-26-10 Community & Economic Development Committee

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Y;;J~ ~'j;~?9' .`~ .~ s. ~:~. ~~ ~'a ~~" COMMUNITY AND ECONOMIC DEVELOPMENT COMMITTEE JULY 26, 2010 Chairperson Timothy Rouse called the Community and Economic Development Committee meeting to order at 4:20 p.m. Committee Members Present: Timothy Rouse, Ann Puzzello, Karen White, Henry Davis Other Councilmember's Present: Derek Dieter, Tom LaFountain, David Varner, Al Kirsits, Oliver Davis Other's Present: Kathy Hahn, Don Inks, David Relos, Jeff Vitton, Michael Calhoun, Kathleen Cekanski-Farrand, Rita Kopala Agenda: Bill No. 10-28- Tax Abatement -Real Property -McCormick & Co. 3425 Lathrop Bill No. 10-29 -Tax Abatement -Personal Property -McCormick & Co. 3425 Lathrop Bill No. 10-38 -Airport Economic Development Area (AEDA) Chairperson Rouse noting a quorum present declared Bill Nos. 10-28 and 10-29 asking abatement for real and personal property respectively would be considered jointly. For a presentation Chairperson Rouse allowed Kathy Hahn filling in for Bob Mathia of the city's economic development department to proceed. Ms. Hahn said that McCormick was proposing an expansion of their present facility by 50,000 square feet at a total cost of over $5.8 million dollars for both building and equipment. The real property abatement would run 6-9 years depending on a point scale that could vary depending upon f nalization of criteria in the application. The personal property request is limited to five years by statute. She went on to indicate 123 existing jobs would be retained, five new jobs would be created, and a $6.3 million dollar annual payroll would be preserved. Chairman Rouse then called upon Michael Calhoun, plant manager of the local McCormick facility, to add comment. Mr. Calhoun said a final decision to expand production here or in another 72 unit senior housing in LaSalle Square Jeff Vitton of Economic Development fielded some technical questions concerning the LaSalle development saying Council approval would allow construction start-up in late spring of 2011. Councilmember White moved Bill No. 10-38 move favorably to full Council. Councilmember Puzzello seconded and all concurred.