10-26-87 Human Resources & Economic Development

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Oluntmtlire ttut't 0 HUMAN RESOURCES AND ECONOMIC DEVELOPMENT COMMITTEE • Ma tit (Sununu** &I mutt of tilt (Mg of Suutli irnd: The October 26, 1987 meeting of the Human Resources and Economic Development • Committee was called to order by its Chairman, Councilman Eugenia Braboy, at 5:20 p.m. in the Council informal meeting room. Persons in attendance included: Councilmen: Serge, Braboy, Beck, Puzzello,. Taylor, Zakrzewski, Paszek, Barcome, and Voorde; Ann Kolata, Jim Wensits, Isai- ah Jackson, Eugenia Schwartz, Don Inks, Sandy Combs, Hedy Robinson, Tracey Ja- cobs, a legal intern from the Legal Department, and Kathleen Cekanski-Farrand. Councilman Braboy noted that there were several items on the agenda for the Committee to review. The first item reviewed was Resolution 87-81, which was a Real Property Tax Abatement request for the property located at 635 South Lafayette Boulevard. Hedy Robinson from the Department of Economic Development then reviewed the report from that department, dated October 8, 1987 (copy attached) . The petitioner, Mr. Abraham Marcus, then briefly reviewed the project commonly known as Ivy Tower Corporation. He stated that he proposes to acquire the Shet- land property, located at 635 South Lafayette Boulevard, for the purpose of operating a warehouse and distribution center. The project would create twenty five (25) new permanent jobs within the first year. The total cost of the pro- ject is estimated to be at one-half million dollars ($500,000.00) . Mr. Marcus pointed out several items such as the roof repair and the demolition costs involved. Ann Kolata noted that there was major rehabilitation need for the facility. • Councilman Barcome noted that the building was once used by Bendix in the 1970's. Councilman Voorde noted that since the building was within the enterprise zone, that there should be certain incentives with regard to the rehabilitation. Mr. Marcus confirmed that observation and said that he could be competitive. The Council Attorney noted that the Resolution would have to be amended in Sec- tion 2 on Page 3, and that the following figures be added to subparagraphs (A) 15.0781, (B) 15.0740, and (C) 15.0761. Following further discussion, Councilman Taylor made motion seconded by Coun- cilman Puzzello that Resolution No. 87-81 be recommended favorably as amended. The motion passed unanimously. The Committee then reviewed Bill No. 102-87, which would appropriate seventy-five thousand five hundred dollars ($75,500.00) from the Economic Development State Grant Fund, to be administered by the Department of Economic Development of the City. Mr. Don Inks. stated that the appropriation was necessary for the Intracomp Pro- • •01 .0.. ,.410ry6. •U,.,i.MIMO CO