03-22-99 Community & Economic Development

Home Browse Search

Community and Economic Development Committee March 22, 1999 Page 2 Council Member Ujdak questioned what the net amount would be which would be pledged. It was noted that with the proposed arrangement, the city could finance new issues and that there would be no future encumbrances. The commitment is tied to the lease schedule. Following further discussion, Council Member Ujdak made a motion, seconded by Council Member King, that Bill No. 21-99 be recommended favorably to Council. The motion passed. Council Member Kelly noted that the next item on the agenda was to review Res. No. 99- 16 which is a five(5)year personal property tax abatement request for the property located at 3520 Westmoor Street for Aircraft Landing Systems, AlliedSignal,Inc. Nancy Van Scoyk, Economic Development Specialist, reviewed the March 17, 1999 report (copy attached). The petitioner is in the business of designing, testing, manufacturing and servicing of aircraft landing systems which include aircraft wheels, brakes and landing gear systems. The estimated cost of the project is $ 45.1 million. Twenty (20) new permanent full-time jobs would be created representing a new annual payroll of$926,001.00. The project would also maintain 940 existing full time and part- time jobs representing a payroll of$59,662,368.00. Citizen Member Jean Troutman-Poole inquired as to whether the Petitioner would go elsewhere if the tax abatement would not be granted. The Petitioner stated that they are committed to continue to expand in this area so long as there was a qualified work force. The Allied Signal Expansion Project handout is attached. Following discussion, Council Member Ujdak made a motion, seconded by Citizen Member Troutman-Poole that Bill No. 99-16 be recommended favorably to Council. The motion passed. The Committee then reviewed Res. No. 99-15 which is a proposed resolution requested the formation of a living wage study committee. Council President Coleman noted that he and Council Member Kelly has had ongoing discussion with concerned citizens in the area and recommend that a committee be established by the Mayor to see if an ordinance should be considered. He noted that the forum would allow the local community to "weigh in"on the issue. He further noted that the resolution is basically modeled after the casino gambling study committee. Citizen Member Jean Troutman-Poole questioned why the resolution is silent on the number of committee members. Council President Coleman stated that the listing of groups in proposed § II is not all-inclusive. The number was left open to give discretion to the Mayor in this area. Council Member Kelly noted that a good cross-section of the community should be represented on the Committee. Mayor Luecke stated that he too would like a good cross-section of the community but also wants a committee size which is workable. Citizen member Jean Troutman-Poole questioned if financial resources would be made available to the Committee. Mayor Luecke stated that his office paid for the copying of the