11-12-18 Council Minutes - Laserfiche WebLink

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REGULAR MEETING November 12, 2018 Department of Community Investment brings this forth with a positive recommendation and hopes for your support. Council President Tim Scott opened the floor to questions from Council Members for the presenter. Councilmember Jo M. Broden stated, I have a general question in nature. With regard to tax abatements and TIF dollars, is there an annual report or scorecard relative to these projections in terms of economic impact, wages,jobs and salaries? Mr. Buckenmeyer replied, Yes. Specifically with tax abatements there is an annual CF-1 that is due by May 15 of every year. That outlines all of those elements. That is a track record in terms of investment made,jobs created, and so on and so forth. Depaitment of Community Investment tracks that and then, of course, gives you that report by June 15 every year. Councilmember Jo M. Broden then asked, Does that have a look back as well? So if it is an annual look, does it go back to tax abatements that were granted four(4) or five (5) years ago? Mr. Buckenmeyer replied, Well, each tax abatement has its own unique report. So for instance if a company has a real property as well as a personal property abatement, they would record those each but separately. It is a cumulative report but we collect those year over year so we can track annual progress. Councilmember Jo M. Broden then asked, Does Council get the benefit of that? That is within the CF-1? The cumulative aspect of those previous abatements? Mr. Buckenmeyer replied,Yes. Councilmember Jo M. Broden stated, Thank you. I thought I had remembered seeing that but I wasn't certain about how much depth goes into that and what is actually reported out. I will follow up with you on that. This being the time heretofore set for the Public Hearing on the above bill, proponents and opponents were given an opportunity to be heard. None from the public wished to speak in favor of or opposition to this bill. Councilmember Gavin Ferlic made a motion to adopt Bill No. 18-67. Councilmember Karen White seconded this motion which carried by a roll call vote of seven (7) ayes and one (1) nay (Councilmember Jake Teshka). BILLS ON FIRST READING BILL NO. 57-18 FIRST READING ON AN ORDINANCE TO VACATE THE FOLLOWING DESCRIBED PROPERTIES: FIRST EAST/WEST ALLEY LYING WEST OF LAWRENCE STREET AND NORTH OF CORBY BOULEVARD, RUNNING WEST 158 FEET+/- IN LENGTH AND TERMINATING AT AN EXISTING NORTH/SOUTH ALLEY, ALL IN SOUTH BEND, INDIANA Councilmember John Voorde made a motion to send Bill No. 57-18 to the Public Works and Property Vacation Committee for their November 26th, 2018 meeting for Second Reading and Public Hearing. Councilmember Karen White seconded the motion which carried by a voice vote of eight(8) ayes. 58-18 FIRST READING ON AN ORDINANCE TO VACATE THE FOLLOWING DESCRIBED PROPERTY NORTH/SOUTH PORTION OF 6