06-03-86 Human Resources & Economic Development

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..r QlnmtnUllrr Nona (Oa to Mammon Council of tilt Qtitg of*will fired: HUMAN RESOURCES AND ECONOMIC DEVELOPMENT COMMITTEE The June 3 , 1986 meeting of the Human Resources and Economic Development Committee was called to order by it ' s chairman, Councilman Eugenia Braboy, Chairman, at 4 :15 P.M. in the council and formal meeting room. Persons in attendance included councilmen : • Braboy , Zakrzewski , Puzzello , Barcome, Beck, Voorde ; Jeff Gibney , Sandy Combs , Eugenia Schwartz , Jon Hunt, Isiah Jackson, Tracy Jacobs, Ann Kolata, and Kathleen Cekanski- Farrand. Councilman Braboy noted that the purpose of the meeting was to continue the discussion of the proposed tax abatement ordinance. Ann Kolata, then passed out revised maps and a substitute bill which incorporates the new legal description. It was noted that as more requirements are met , the applicant would be able to receive more years of tax abatement treatment . It was also noted that fact sheets would be updated. There would be six areas of consideration for real tax abatement. These would include : (1) Housing projects for a 3 , 6 or. 10 year abatements ; (2) Office projects for a 3, 6 or 10 yeai1' abatement ; (3) Retail projects ; (4) Mixed use projects (retail, housing, office, with office space not exceeding 1/3 of the net leasable space) ; (5) Industrial projects ; • (6) Warehousing. Councilman Voorde noted that he recalled a study being conducted by the Democratic caucus regarding performance audits, and voiced concern whether the State law would again be changed. Councilmen Barcome and Puzzello voiced concern over Hill Street and recommended that both sides of the street be included in an impact area. Councilman Beck agreed with the proposal and suggested that it include the area from Jefferson to South Bend Avenue. Councilman Zakrzewski suggested that Sample Street from Olive to Sheridan also be considered as an impact area. Mr. Hunt noted that Sample is industrial and the industrial classification is a city-wide classification.