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04-20-07 Redevelopment Commission Minutes
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04-20-07 Redevelopment Commission Minutes
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1/16/2008 10:17:25 AM
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12/11/2007 1:47:39 PM
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4/20/2007
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04-20-07 Redevelopment Commission Agenda
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\Public\Redevelopment Commission\Agendas & Packets\2007
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auth fiend ~edevelapr~~e~~t a~~~i~sian <br />Regular ~eet~.~~.April ?~, 2aa~ <br />b. NEW BUSINESS (CONT.} <br />A. Tai A.~a~~~n~nt~ <br />~~ ~ ~o~t~r~ed, o. <br />The redevelop~~ent and rehabilitation p~aj ect <br />will nat create any additiana~ fu~l~tirne ar <br />part~ti~ne per~~~anent fobs within the first <br />dear; however, t~:~~, will be able to ~~aintai~~ <br />1 ~2 ei~sti.n~ pe~-ancnt, full~time fob a~~d <br />n~~~e e~isti.ng, per~r~anent part-ti~~ne jobs wit}~ <br />~xn annual payroll of $',2 ~ ,49. <br />tanz Food service i~as ~,~ two previous tax <br />abatee~~ts ~~~ l~S~ ~zd ~~~. The property <br />~ ~ pr openly paned far t~~e proposed ro~ct. <br />The property is in the Ai.~-ort Ecanan~ic <br />eveiap~~~ent .Area, whicl~ is a Tax ~ncrerr~e~~t <br />Allacatlan Aran; therafore, the petition for <br />real property tax baten~.ent n~ust first be <br />approved by tl~ youth hand Redevelop~~~ent <br />C~amn~isslon. The prof et galif~es far a ten <br />year real property tai ab.tan~ent under the <br />t~~x aba~enae~~t ordi~~ancc, <br />Nor. Richard Deahl Hated tl~at two years ago <br />tanz ~`aod e~~~ice proposed building a new <br />l'ciiity in an industrial park north of <br />Cleveland Rand. The o~~.~~niion. ~yanted a <br />tenWyear abaterr~ent far that project. <br />:Qwever, when the project was bid far <br />const~~ction, the cost of the prod ect, <br />originally proposed at ~-SCI, had escalated <br />to ~ 2.- ~ IVI. Trey teak a~~ather loop at their <br />existing facility and have decided to acquire <br />adj o~nin property and expand there. a, two <br />years later they anticipate spandin the same <br />an~our~t they ~r~tended to spend Ewa years ado <br />to build about halfofwhat they originally <br />intended, This ~~ a very in~portant project to <br />enable them to continue to serve their <br />b <br />
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