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f]nmmittrf Road <br /> HUMAN RESOURCES AND ECONOMIC DEVELOPMENT COMMITTEE <br /> alo rile klnmmon &tounrtl of tilt Qlttg of Soutli <br /> The May 20, 1991 Meeting of the Human Resources and Economic <br /> Development Committee was called to order by its <br /> Chairperson, Council Member Steve Luecke, at 4:45 p.m. in <br /> the Council Informal Meeting Room. <br /> Persons in attendance included Council Members Zakrzewski, <br /> Coleman, Slavinskas, Duda, Puzzello, Luecke, Ladewski, <br /> Niezgodski, and Soderberg; John Fonash, Bipin Doshi, Bill <br /> Mitchell, Fran Hunjo, Don Porter, and Kathleen Cekanski- <br /> Farrand. <br /> The first item on the agenda was to review Resolution No. <br /> 91-38 which is a five year personal property tax abatement <br /> request for Schafer Gear Works, Inc. Mr. Fonash reviewed the <br /> report from the Redevelopment Department (copy attached) . He <br /> also passed out the Resolution passed by the Redevelopment <br /> Commission dated May 10, 1991. The proposed tax abatement is <br /> for the property located at 814 South Main Street. <br /> Mr. Bipin Doshi, the President of Schafer Gear Works, Inc. , <br /> noted that they have had very active investment in the <br /> Company with the sum being approximately $500, 000.00 per <br /> year. Over the past three years they have increased sales by <br /> approximately 16%. Sales are sold nationally with <br /> approximately 15% to the auto industry, 15% to the aircraft <br /> instrument industry, and 70% to the industrial gear <br /> industry. <br /> The life expectancy of the proposed new machinery will be <br /> somewhere between 5 to 7 years. It has and will increase the <br /> "quality and consistency" to make them more competitive. <br /> This was all given in response to a question raised by <br /> Council Member Soderberg. <br /> Following further discussion, Council Member Soderberg made <br /> a motion seconded by Council Member Ladewski, that <br /> Resolution No. 91-38 be recommended favorably to Council. <br /> The motion passed. <br /> The Committee then reviewed Resolution No. 91-26 which is a <br /> confirming Resolution for the property located at 113 East <br /> Wayne Street. Mr. Bill Mitchell gave the presentation. He <br /> stated that he is representing Mr. John Freidline, who is <br /> ill. He noted that the first floor and the basement will be <br /> leased to Academy Beauty College. The upstairs area of the <br /> remaining portion of the old Penny's building, is currently <br /> being shown to four to five potential clients. There are <br /> considerable interior changes since all of the heating-air <br /> conditioning units were incorporated into the space now <br />