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Qnmmittrt Email <br /> HUMAN RESOURCES AND ECONOMIC DEVELOPMENT COMMITTEE <br /> Wu the Common Qtounntl of tlit (Ong of*nth tie: <br /> The April 9, 1990, meeting of the Human Resources and <br /> Economic Development Committee was called to order by its <br /> chairperson Steve Luecke at 5:45 PM in the Council informal <br /> meeting room. <br /> Persons in attendance included Council Members: Voorde, <br /> Zakrzewski, Duda, Niezgodski, Slavinskas, Coleman, and <br /> Luecke; Hedy Robinson, John Phair, members of the news <br /> media, and Kathleen Cekanski-Farrand. <br /> Council Member Luecke noted that the first item on the <br /> agenda was to review Resolution 89-48 which is a request to <br /> designate the property commonly known as 115 North Niles <br /> Avenue as an economic revitalization area for purposes of a <br /> ten year real property tax abatement for the <br /> Niles/Washington Associates. <br /> Hedy Robinson then reviewed the report from the Economic <br /> Development Department. She noted that the project is <br /> within a tax incremental 'finance area and that the <br /> appropriate resolution from the commission had been passed. <br /> The committee then reviewed in detail the attached report. <br /> Council Member Luecke noted that the project qualifies for a <br /> ten year abatement under the new ordinance due to its square <br /> footage. <br /> Mr. Phair noted that the tenant is "LTV" and that the <br /> building in now finished. The total project cost is <br /> approximately $500,000.00 higher that in the report, and <br /> that there are 160 employees as opposed to the 110 noted in <br /> the report. It was further noted that the area meets the <br /> state law requirements in light of the fact that it is <br /> within a redevelopment target area. <br /> Following further discussion, Council Member Zakrzewski made <br /> a motion, seconded by Council Member Slavinskas, that <br /> Resolution 89-48 be recommended favorably to Council. The <br /> motion passed. <br /> The committee then reviewed Resolution 90-9 which is a <br /> request to designate the property commonly known as 431 East <br /> Colfax as an economic revitalization area for real property <br /> tax abatement for the Niles/Colfax Associates. <br /> Hedy Robinson then reviewed the report from the Department <br /> of Economic Development. <br />