04-23-01 Community & Economic Development

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Community and Economic Development Committee April 23, 2001 Page 4 Ann Kolata then reviewed Bill No. 33-01 which would appropriate $ 3,405,000 plus interest earned within Fund#212 for the purpose of redevelopment of the Studebaker-Oliver Project Area. The funds are § 108 Loan funds for the Studebaker-Oliver Redevelopment project and are a companion to the BEDI,EDI and Neighborhood Initiative dollars. Dr. Varner made a motion, seconded by Council Member Ujdak that Bill No. 32-01 be recommended favorably to Council. The motion passed. Council Member Kelly then called for a presentation on Bill No. 34-01 which would appropriate$ 800,000 plus interest earned, Bill No. 35-01 which would appropriate $ 249,450 plus interest earned, and Bill No. 36-01 which would appropriate $ 1,496,700 with all three (3) bills having their funds from Fund#209 for the redevelopment of the Studebaker-Oliver Project area. Ann Kolata made the presentation. She noted that Congressman Roemer was instrumental in getting the economic initiative dollars and the neighborhood initiative dollars. Council Member Kirsits made a motion, seconded by Council Member Varner that Bill Nos. 34- 01,35-01 and 36-01 be recommended favorably to Council. The motion passed. Andy Laurent then reviewed Bill No. 37-01 which would appropriate $ 50,000 from the economic development state grant fund. The funding would assist in the lead based paint survey of the Omniplex facility located at 1408 Elwood Avenue and an initial Phase II environmental assessment of Area A properties south of Sample Avenue in the Studebaker/Oliver Redevelopment area. Following discussion, Council Member Ujdak made a motion, seconded by Council Member Varner that Bill No. 37-01 be recommended favorably to Council. The motion passed. Dr. Varner noted that he asked the Council Attorney to contact Shawn Sullivan on his tax abatement request for 5181 Land Trust in light of ongoing concerns with the city providing tax abatements to a developer who may have outstanding obligations on a prior project involving public funds. The Council Attorney noted that she had left a message for the City Attorney and had had conversations with Mr. Sullivan. The project may be continued this evening to permit further discussions before formal action is taken on the confirmatory resolution. Council Member Kelly reminded the Committee Members that the committee would meet on Wednesday to discuss tax abatement policy potential revisions. There being no further business to come before the Committee, Council Member Kelly adjourned the meeting at 5:10 p.m. Respectfully submitted, Council Member Roland Kelly, Chairperson Community and Economic Development Committee KCF:kmf Attachments