01-23-89 Human Resources & Economic Development

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Human Resources and Economic Development Committee 2-23-89 Page 2 Subsidy. He noted that the maximum rehabilitation of rental units permitted were $8,500.00 for a three bedroom unit, $7 , 500. 00 for a two bedroom unit and $6,500. 00 for a one bedroom unit. Council Member Luecke noted that a public hearing held last week before CAC recommended favorably on the Resolution. Following further discussion Council Member Coleman made a motion seconded by Council Member Slavinskas that Resolution No. 89-15 be recommended favorably to Council. The motion passed. The Committee then reviewed Resolution No. 89-14 which would designate certain areas within the City bounded by Cedar Street on the North, Eddy Street on the East, vacated Hull Street on the South, and Frances Street on the West, an economic revitilization area for purposes of a three year property tax abatement for Lafayette Square. Hedy Robinson reviewed the report from the Department of Economic Development. She noted that a 21-unit condo ownership project was proposed entitled "Lafayette Square Townhouses" . She noted that it does not fall within an economic development target area. Mr. Chris Mateo and Mr. Tim Hartzer then showed the cite plan in an area photo of the area in question. Council Member Luecke noted that the Council vacated that portion of Hull Street approximately 45 days ago. Mr. Mateo noted that a two bedroom would have 1, 040 square feet and a three bedroom would have 1,260 square feet. The architecture would be a two story "row house type concept" in the mid to low $60,000 range. Council Member Puzzello noted that this is an older neighborhood which has a mix of commercial and residential. She was very supportive of the concept. Council Member Soderberg stated that this proposal would be taking a marginal neighborhood and with the project and proper marketing it would definitely be a plus. Council Member Luecke voiced favorable comments and believe that the residential character would be a definite plus to the area. It was also noted that the tax abatement would be passed on since it would be owner occupied. Mr. Hartzer noted that a variance is currently pending before the Board of Zoning Appeals with the hearing set for Thursday. He noted that he had met with the principals and did not see any problems with regard to the pending petition. Following further discussion Council Member Coleman made a motion seconded by Council Member Puzzello that Resolution No. 89-14 be recommended favorably to Council. The motion passed.