02-08-90 Human Resources & Economic Development

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f Q unirnt to &port HUMAN RESOURCES AND ECONOMIC DEVELOPMENT COMMITTEE Ola t1e Olomnwn Qlounctl of 1r flit of Ouid1 nh: The February 8, 1990 meeting of the Human Resources and Economic Development Committee was called to order by its Chair Person Council Member Steve Luecke at 4:10 p.m. in the Council informal meeting room. Persons in attendance included Council Members: Zakrzewski, Slavinskas, Voorde, Luecke, and Coleman; Hedy Robinson, Mr. Bruce Bancroft, Mr. Carter Wolfe, Margot Doyle, Howard Bessire, and Kathleen Cekanski-Farrand. Council Member Luecke noted that the purpose of the meeting was to continue the discussion of Bill No. 119-89 addressing tax abatement procedures. Council Member Luecke then briefly summarized the major changes agreed upon at the last meeting. It was noted that there now is a definition for "Available for Use" in Section 2-76. 1, that the definition for "Low and Moderate Income Individuals or Families" has been modified, that Section 2-77 has been modifed to clarify the fact that for the duration of the abatement at least 20% of the units shall be made available for use by low and moderate income individuals or families, that the chart had been revised and the specific sections addressing the reduction of square footage for industrial and warehouse developments and that the word "may" has been inserted instead of "shall" throughout the specific divisions outlining the three, six and ten year real property requirements. Mr. Bruce Bancroft noted that he believed the current revised version of Bill No. 119-89 reflected a considerable amount of work. He stated that it would be much easier as an attorney to explain the real and personal property tax abatement procedures because of this Bill. He further noted that he believes that the Common Council and the committee in particular was very responsive to the suggestions and that it shows that private and public agencies can work together. Council Member Luecke then focused the discussion on the major portions of the Tax Abatement Bill which were not discussed in great detail at the last meeting. The discussions began with Section 2-84 and he summarized each of the provisions through Section 2-84. 17. It was suggested that Section 2-84 .2 addressing tangible personal property tax abatement be amended to include the SIC references.