07-28-97 Community & Economic Development

Home Browse Search

Community and Economic Development Committee July 28, 1997 Page 2 Ann Bockenkamp made a further presentation. She provided a pictorial review of the area in question. She stated that new standards for behavior in development are being proposed. She noted that the tax abatement would assist the overall project in receiving federal funds. In response to a question made by Council Member Aranowski it was noted that education of the tax abatement filing requirements is a component part of the overall program. Council Member Coleman spoke in favor of the proposed tax abatement. Following discussion, Council Member Coleman made a motion seconded by citizen member Sue Hogdson that Resolution No. 97 -60 be recommended favorably to Council. The motion passed. Then Committee then reviewed Resolution No. 97 -61 which is a five year personal tax abatement request for Steel Warehouse Co. Inc. for property located at 2722 Tucker Dr.. Council Member Broden noted that this Resolution and Resolution 97 -62 which is a 10 year real property tax abatement request for the same petitioner in the same property location be heard together. Mr. Mike Beitzinger reviewed the report dated July 15, 1997 from the Community and Economic Development department. The report noted that the project calls for construction of approximately 100,000 sq. ft. of building additions and additional manufacturing, warehousing and related space to be added to the comany's current facilities. Total construction cost is between 1.4 and 2.3 million dollars. Five new permanent jobs would be added to the payroll. The request metes all tax abatement requirement (report attached). Mr. Jerry Lehrman the attorney for the petitioner made a further presentation. He noted that currently there are 393 employees in the company. The company manufactures high quality steel which require high tolerance levels which require the upgrading of the equipment and additional facilities. In response to a question raised by Council Member Pfeifer it is noted that there are two women in management positions currently. Council Member Coleman spoke in favor of both proposed resolutions. Following discussion, Council Member Coleman made a motion seconded by citizen member Sue Hodgson that Resolution No.s 96-61 and 97-62 be recommended favorably to Council. The motion passed. The Committee then reviewed Resolution No. 97 -63 which is a five year real property residential tax abatement request for Dave and Lois Coker for property located on North Summit Dr. and Windfall Dr.. Mr. Mike Beitzinger reviewed the report dated July 21, 1997 (copy attached) which noted that each new home is estimated to cost between 70 and 80 thousand dollars for a total project cost of 375,000. The petitioner satisfies the requirements of the tax abatement law. Mr. Dave Coker made a further presentation. Mr. Coker stated that the area in question is north of Washington High School. The tax abatement is needed in order to compete competitively with regard to real estate taxes.