06-14-93 Human Resources & Economic Development

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Human Resources and Ecomonic Development June 14, 1993 Page 3 specific parameters should be established by the Council. Council Member Coleman stated that evaluation tools should be in place before going forward. Mr. Adams noted that the abatement is part of a match for the Home Program. Jon Hunt stated that he agrees with the concerns set forth by Council Members Slavinskas and Kelly and that there should be declared a moratorium on other types of residential tax abatement. The Council Attorney suggested that perhaps under the leadership of Jon Hunt and his Department that they could assist the Council in developing specific criteria before going forward on this Resolution. Questions were, raised with regard to the prevailing wage standards and whether Mr. Adams would have to abide by such criteria if such a project was granted. Council President Luecke stated that the proposed project is within his District and that he supports it strongly for a six (6) year abatement. Following further discussion, Council President Luecke made a motion, seconded by Council Member Duda, that Substitute Bill No. 93-50 be continued for two (2) weeks and that Mr. Hunt and his Department provide further assistance to the Council in the area of residential tax abatement. The motion passed. ,, The Committee then reviewed Resolution No. 93-51 which is a tax abatement request for the property located at 3511 and 3615 West Voorde Drive for purposes of a six (6) year real property tax abatement. Mr. Mike Beitzinger reviewed the Department of Economic Development report dated May 27, 1993, (copy attached) . He noted that the Petitioner qualifies for a six (6) year real property tax abatement, however, has applied for a ten (10) year real property tax abatement. Mr. Bob Kastens made the presentation for the Petitioner. He stated that ten (10) new jobs would be created at