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PERSONNEL AND FINANCE JANUARY 23, 2012 <br />Committee Members Present: Karen White; Gavin Ferlic, David Varner, <br />Henry Davis, Jr. <br />Other Council Members Present: Derek Dieter; Tim Scott; Dr. Fred Ferlic; Oliver Davis; <br />Others Present: George Lane; Peter Helland; Mark Neal; Don Inks; Mike <br />Schmuhl; Rita Kopala; John Murphy <br />Agenda: Bill No. 84 -11 Creates Certified Tech Park Fund <br />Karen White, Chairperson of Personnel & Finance for 2012 with full committee in attendance <br />called upon City Controller Mark Neal to explain Bill No. 84 -11. <br />Mark began by enumerating the state law requiring the city to establish a "CTP Fund." This <br />requirement was triggered by the city through the Redevelopment Commission entering into an <br />agreement to receive tax proceeds and other revenues. The city did this as Neal with Don Inks <br />providing background, explained the funding mechanisms allowing the creation of both Innovation <br />and Ignition Parks. The "CTP Fund" monies could be used to develop the certified technology <br />park subject to action by the S. B. Redevelopment Commission. <br />This seemingly perfunctory action required of the Council by state law became anything but, <br />prompting a number of questions. <br />Councilmember Varner's questions were mostly about any state restrictions on use of the funds. <br />Councilmember's Henry Davis and Oliver Davis both had concerns whether Ignition Park would <br />be shortchanged by the Commission seen as possibly putting a greater emphasis on Innovation <br />Park. <br />An amendment to allay these concerns was considered without general satisfaction by <br />Chairperson White. <br />Councilmember Henry Davis motion the bill be continued until 2- 13 -12. Councilmember Varner <br />seconded and all agreed to recommend continuance. <br />Under miscellaneous Council President Derek Dieter indicated State Rep. Craig Fry had filed a <br />bill to re- apportion the distribution of Hotel -Motel (Innkeeper Tax) funds at South Bend's expense. <br />Much discussion as to how to appropriately react with a "wait and see" resulted. <br />There being no further business to come before the committee at this time, Chairperson White <br />adjourned the meeting at 4:33 p.m. <br />Respectfully Submitted, <br />Karen L. White, Chairperson <br />Personnel and Finance Committee <br />