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March 25, 2002 <br /> Page 3 <br /> Mr. Anderson made the presentation and assured the Committee that they did not pull a building <br /> permit on this project. He noted that he and his partners are exited about the project. Over - <br /> $600,000 in renovations will be made by the time the project is completed since they are planning <br /> on making the property into a"show piece". <br /> Following discussion, Council Member Varner made a motion, seconded by Council Member <br /> Ujdak that Bill No. 02-20 be recommended favorably to Council. The motion passed. <br /> The Committee then reviewed Bill No. 02-23 which would authorize the Mayor to submit an <br /> application for a HUD Economic Development Initiative Grant. <br /> Larry Magliozzi made the presentation. He noted that a$100,000 initiative grant is being sought to <br /> implement the Studebaker/Oliver Redevelopment Strategy. <br /> Following discussion, Council Member Ujdak made a motion, seconded by Dr. Varner that Bill <br /> No. 02-23 be recommended favorably to Council. The motion passed. <br /> There being no further business to come before the Committee, Council Member King adjourned <br /> the meeting at 4:53 p.m. <br /> Respectfully submitted, <br /> Council Member Karl King, Chairperson <br /> Community and Economic Development Committee <br /> KCF:Kmf <br /> Attachments <br />