09-08-97 Community & Economic Development

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6)0020 9 eo " .. Community and Economic Development Committee 95- t/u. (b1WW4' (o 1.Wfi of t/w o Joat4 grrad.- The September 8, 1997 meeting of the Community and Economic Development Committee was called to order by its Chairperson, Council Member John Broden at 5:05 p.m. in the Council informal meeting room. Persons in attendance included Council Members: Pfeifer,Kelly,Broden,Varner,Ujdak, Coleman, Hosinski, Sniadecki; citizen member Sue Hodgson, Mike Beitzinger, Robert Kastens, and Kathleen Cekanski-Farrand. Council Member Broden noted that the first item on the agenda was to review Bill No. 97- 77 which is a five year personal property residential tax abatement request for Capital Technologies,Inc. for the property located at 3615 West Voorde Drive. Mr. Mike Beitzinger, Economic Development Specialist, reviewed the August 28, 1997 Community and Economic Development report(Copy Attached). The report noted that the ton presses at a cost of $ i i ner proposes to purchase and install two new 1600 to p petto p p p 750,000. The project qualifies for a five year personal property tax abatement under app licable state and local laws. h Mr. Robert J. Kastens, Treasurer then made a further presentation. He noted that t he tax in order to maintain their client base. He also noted it is a very tight abatement is necessary i o d �'Y Y labor pool market.et. Their company currently utilizes students fro m GMI. In response to a question raised by Council Member Pfeifer,it was noted that there are 11 women in the 180 workforce. One woman is in design, one is an electrician and the rest are clerical. Following favorable comments, Council Member Coleman made a motion seconded by Council Member Sniadecki that Bill No. 97-77 be recommended favorably to Council. The motion passed. Following further discussion,the meeting was adjourned at 5:15 p.m. Respectfully submitted, John Broden,Chairperson Community and Economic Development Committee Attachments •