03-11-91 Human Resources & Economic Development

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Tt:rrvort HUMAN RESOURCES AND ECONOMIC DEVELOPMENT COMMITTEE can the Tuntnwn &until of tip (Mg of*Huai Send: The March 11, 1991 meeting of the Human Resources and Economic Development was called to order by its Chairperson Council Member Steve Luecke at 4:33 p.m. in the Council Informal Meeting Room. Persons in attendance included Council Members Duda, Zakrzewski, Coleman, Puzzello, Niezgodski, Luecke, Slavinskas, and Ladewski; Kevin Butler, James Kronk, Jeff Gibney, Mr. James Lawlor, Hedy Robinson, and Kathleen Cekanski-Farrand. Council Member Luecke noted that the first item on the agenda was to review Resolution No. 91-17 which is a Confirming Tax Abatement Resolution for the property located within the Airport Industrial Park Phase III, lots 4-2. Council Member Luecke noted that typically, this Committee does not review confirming Resolutions. However, in this instance the Petitioner was last before the Common Council in June of 1989, where the Declaratory Resolution was approved. At that time, the Council deferred taking further action on the Confirming Resolution until a tenant was available for the building in question. The type of tenant in the leased facility would be important to the duration of tax abatement involved. Council Member Luecke further noted that after conferring with the Council Attorney, that the Ordinance in effect at the time of the last action taken by the Common Council, would be the law used by the Council determining the duration for the tax abatement this evening. Council Member Luecke noted that a lease has been signed for the building, and that he had received a letter in support of the tax abatement from Kevin Hughes of Project Future. Mr. Kevin Butler, the attorney on behalf of the Petitioner, then briefly updated the Committee. He noted that Mr. James Lawlor, one of the two owners, was also present. Mr. Butler noted that the developer had a single tenant for 1 1/2 years for approximately 2, 000 square feet of the building. The balance of the building, or approximately 17, 000 square feet, will be leased to Pittman Moore, Inc. , which has worldwide sales. The facility will be used for distribution, therefore will be a warehouse center for the Midwest. The building was originally a "spec building" with the cost of construction totalling $470,000.00. He noted that Pittman Moore will invest between $200,000.00 to $250, 000. 00 for specialized equipment. The construction of the building was completed in the fall of 1989 and the new tenant will be operational by April 1, 1991. Mr. Butler noted that tax abatement is critical in light of pricing. There will be