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The final item on the agenda was Bill No. 10 -12 which would streamline and simplify the <br />reporting process for companies that received tax abatement. The crux of the matter was <br />figuring a way to see clearly whether abatement recipients were meeting their promised <br />criteria when they applied for abatement. A simplified, transparent, understandable <br />report would allow the Council to measure the effectiveness of abatement. Currently <br />businesses are required to file two cumbersome reports at less than convenient times for <br />them to comply. Don Inks, Director, Economic Development proposed consolidating the <br />reports into more meaningful measures. A win, win result for both the Council and <br />businesses. After further discussion Councilmember White motioned for a favorable <br />recommendation. Councilmember Dr. Fred Ferlic seconded and all concurred. <br />Before adjourning Chairperson Henry Davis announced he was going to set meetings of <br />the Community & Economic Development Committee to begin the process of <br />establishing development priorities. <br />There being no further business to come before the Committee at this time, <br />Councilmember Henry Davis adjourned the meeting at 4:54 p.m. <br />Respectfully Submitted, <br />Henry Davis, Jr., Chairperson <br />Community & Economic Development Committee <br />