09-14-87 Human Resources & Economic Development

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QtummIttn �rpi rz HUMAN RESOURCES AND ECONOMIC DEVELOPMENT COMMITTEE Wu tip glom= &mutt of tip Ong of*aid!, *nit The September 14 , 1987 meeting of the Human Resources and Economic Development Committee was called to order by its Chair- mand Councilman Eugenia Braboy at 5 : 20 p.m. in the Council informal meeting room. , Persons in attendance included : Councilmen Braboy, Voorde, Serge, Beck, Zakrzewski, and Taylor ; Ann Kolata, Jon Hunt , T. Brooks Brademas , and Kathleen Cekanski-Farrand. Councilman Braboy noted that the first item on the agenda was to review Resolution No . 87-72 which would designate the property commonly known as 716 North Niles Avenue as an economic revitalization area for real property tax abatement . Ann Kolata noted that the state law had changed effective July 1 , 1987 and that the Statement of Benefit Section is in the process of being modified. All of the forms are currently being redrafted but will be made available shortly. She indicated that the proposed tax abatement petition was for a six year real property tax abatement. She further indicated that it was within an impact area and that the developer has agreed to conform to the central development regulations. It was also noted that the re-development had approved the proposal. Councilman Voorde questioned which petitions had to go through the design review committee. Mrs. Kolata indicated that all those in the downtown area must have approval for the exterior proposals. Mr. Brademas indicated that he had no problems to date with the committee. He then reviewed the plans in greater detail. He noted that to date one-hundred forty-two (142) new jobs had been created at his last project with twenty-five percent (25%) being minority employees. He indicated that the new project would have eighty units with eight units in each of ten buildings plus a gate house. He anticipated that it would be like a "residence inn". He then showed a picture of the proposed drawing to the committee and indicated that the project was primarily aimed at individuals who are interested in staying for ten to fourteen days or longer . He noted that the Inlan Steel Executives were in need of such long term lodging. He further indicated that there would be twen- ty. two bedroom units and sixty one bedroom units. The average cost would be sixty-five dollars per day including breakfast and that the cost would decrease as the stay increases. The Council Attorney indicated that there would be needed changes to the tax rate numbers in the resolution which she read and would advise the city clerk' s office of the changes . Following further discussion Councilman Taylor made a motion seconded by Councilman Serge that the amended version of Resolution No . 87-72 be recommended favorably to Council. The motion passed . ,.s. ..... skfX4. PU.LI.HIMU Co.