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06-18-04 Redevelopment Commission Minutes
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06-18-04 Redevelopment Commission Minutes
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Redevelopment Commission Meeting <br />Regular Meeting — June 18, 2004 <br />6. NEW BUSINESS (CONT.) <br />F. Airport Economic Development Area <br />(1) continued... <br />Upon a motion by Mr. Hunt, seconded by Mr. <br />Kahn and unanimously carried, the <br />Commission accepted for filing Resolution <br />No. 2064 and set a Public Hearing for July 2, <br />2004 at 10:00 a.m. <br />(2) Commission approval requested for <br />Resolution No. 2066 approving the transfer <br />of real property related to the Fisery <br />retention project and approving the <br />execution of documents related to the <br />project (Airport Economic Development <br />Area) <br />IL Mr. Rock explained that Resolution No. 2066 <br />transfers some property to Moreau Court <br />Investments so they can build some extra <br />parking lots for their tenant, Fiserve. This <br />transaction helps to retain Fiserve's 195 jobs <br />with an average salary $35,000. The property <br />was previously used by Trinity Health Systems <br />so was not generating property taxes for the <br />city. With Fiserve as the tenant it will be <br />paying taxes of approximately $215,000 per <br />year. <br />Ms. Greene noted that the additional parking <br />could not be accommodated on the existing <br />property and as such, further development of <br />the adjacent site was restricted. Transfer of the <br />additional property for this purpose specified is <br />consistent with the Airport Economic <br />Development Area Development Plan. <br />14 <br />COMMISSION ACCEPTED FOR FILING <br />RESOLUTION No. 2064 AND SET A PUBLIC <br />HEARING FOR JULY 2, 2004 AT 10:00 A.M. <br />
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