03-10-03 Community & Economic Development

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— Committer toort tommuititi an Q tonomtt Atinioputtnt tommttti The March 10, 2003 meeting of the Community and Economic Committee was called to order by its Vice-Chairperson, Council Member Roland Kelly at 3:50 p.m. in the Council Informal Meeting Room. Persons in attendance included Council Members Aranowski, Pfeifer, Kelly, Kirsits, Coleman, Varner and Kuspa;Michael Beitzinger,Yatish Joshin,Peter G. Trybula,Terry Bland of the*Mb ttir g?tbune and Kathleen Cekanski-Farrand, Council Attorney. Council Member Kelly called for a presentation on Bill No. 03-27 which is a six (6) year real property tax abatement request for GTA Containers, Inc for the property located at 4201 Linden Avenue; and Bill No. 03-28 which is a five (5) year personal property tax abatement request for GTA Containers, Inc. for the property located at 4201 Linden Avenue. Michael Beitzinger, Assistant Director of Economic Development reviewed his report dated March 5, 2003 (copy attached). He noted that the petitioner has been in business since 1988 and is a manufacturer of collapsible containers for the storage and transportation of fuel and water. All of their products are manufactured in accordance with US Military specifications, with the petitioner having contracts in excess of $10 million for collapsible containers, and a potential for an additional $116 million in contracts through 2006. Mr. Beitzinger noted that he has provided a substitute Bill No. 03-27 addressing the real property which now correctly lists the petitioner as Foxtrot Realty which will be the holding company. It proposes to build a 24,000 square foot building at a proposed cost of$600,000. New manufacturing equipment is proposed at$250,000. The report concluded that the petitioner meets the requirements for the six(6) year real property tax abatement criteria under § 2-82 of the SBMC and meets the five (5) year personal property tax abatement criteria under§ 2-84 of the SBMC. Mr. Yatish Joshin, the President of GTA Containers, Inc and Mr. Trybula the attorney for the petitioner were available for questions. In response to a question from Council Member Kelly as to how they selected the name "Foxtrot Realty",Mr. Joshin stated he loves ballroom dancing. Following discussion, Dr. Varner made a motion, seconded by Council Member Kuspa that substitute Bill No. 03-27 and Bill No. 3-28 be recommended favorably to Council. The motion passed. There being no further business to come before the Council, Council Member Kelly adjourned the Committee meeting at 3:55 p.m. Respectfully submitted, Council Member Roland Kelly, Vice-Chairperson Community and Economic Development Committee KCF:kmf Attachments 9