05-09-11 Community & Economic Development Committee

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r `� � COMMUNITY AND ECONOMIC DEVELOPMENT MAY 9, 2011 Community and Economic Development Committee Members Present: Chairperson Tim Rouse;Ann Puzzello; Henry Davis; Karen White; Citizen Member Murray Miller Other Councilmember's Present: Derek Dieter; Tom LaFountain; David Varner;�Oliver Davis; AI Kirsits Other's Present: Kathy Cekanski-Farrand; Rita Kopala; Bob Mathia; Tom Kinnucan; Sue Kinnucan; Don Inks, Gary Gilot; Tom Price;William Welsch Agenda: Bill No. 11-34—Real Property Abatement—Hoosier Tank 1710 N. Sheridan Bill No. 11-35—Personal Property Abatement—Hoosier Tank 1710 N. Sheridan Chairperson Rouse called the Community and Economic Development Committee to order at 5:12 p.m. He reviewed Bill Nos. 11-34 and 11-35 by first announcing for purposes of public hearing the bills would be combined in that they were both for Hoosier Tank and Manufacturing Inc. Bill No. 11-34 is a petition for real property tax abatement. Bill No. 11-35 is for personal property. Chairperson Rouse recognized Bob Mathia from Community& Economic Development to present his summary report of both petitions. Bob described a petition for real property representing a 20,300 sq.ft. addition to Hoosier Tank worth an estimated, $760,000. The personal property petition represents an investment of over 1,175,000. The project in total will create 15 new permanent jobs with an annual payroll over$600,000. Chairperson Rouse then asked William Welsch from Hoosier Tank to add any comments. Welsch spoke to the urgent need for the expansion. Following brief supportive comments, Ann Puzzello moved each bill be sent to Council with a favorable recommendation. Councilmember White seconded the motion, all affirmed. There being no further business to come before the committee at this time, Chairperson Rouse adjourned the meeting at 5:20 p.m. Respectfully Su mitted, �� � Timothy A. Rouse, Chairperson Community and Economic Development Committee