04-22-91 Human Resources & Economic Development

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aCutrintittrf apart HUMAN RESOURCES AND ECONOMIC DEVELOPMENT COMMITTEE an tI'e (Innimnn Montag of rile Q2ttg of*onto #end: The April 22, 1991 Meeting of the Human Resources and Economic Development Committee was called to order by its Chairperson, Council Member Steve Luecke at 4: 00 p.m. in the Council Informal Meeting Room. Persons in attendance included Council Members Ladewski, Coleman, Zakrzewski, Duda, Niezgodski, Puzzello, Slavinskas, and Luecke; Hedy Robinson, James A. Watts, John Freidline, Don Porter, and Kathleen Cekanski-Farrand. Council Member Luecke noted that Resolution No. 91-26 which is a Confirming Tax Abatement Resolution for the property commonly known as 113 East Wayne Street has been requested to be continued by the petitioner. Council Member Luecke noted that the petitioner desires to provide updated information with regard to the proposed tax abatement. Mr. Luecke then noted that the next item to be reviewed was Resolution No. 91-33 which would amend Resolution No. 1681- 88 which designated the property located at 113 East Wayne Street as an economic revitalization area for purposes of real property tax abatement. Council Member Luecke noted that the Council adopted the original Declaratory Resolution for this property slightly over two years ago. At that time the petitioner was advised that the leasehold tenant for the property in question, must be secured in order to properly determine the amount of tax abatement for which the petitioner qualifies. Mr. Freidline has now secured a tenant and he is prepared to move forward. Unfortunately, the two year time period incorporated within the guide lines for the City has now expired. Therefore, the purpose of the Resolution is to extend that period of time in light of the petitioner complying with the Common Council's conditions. Mr. Freidline advised the Committee that the tenant is Academy Beauty College which would be located on the first floor. They have signed a lease and they are currently talking to the owners of a restaurant and another possible retailer. They may have further signed leases in hand by the end of next month. He stressed that he wanted to provide accurate information to the Council when reviewing this Resolution. Following further discussion, Council Member Slavinskas made a motion seconded by Council President Niezgodski that Resolution No. 91-33 be recommended favorably to Council. The motion passed.