05-28-14 Community Investment - Laserfiche WebLink

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COMMUNITY INVESTMENT MAY 28T", 20144:30 P. M. Committee Members Present: Gavin Ferlic, Valerie Schey, Henry Davis, Derek Dieter Citizen Members Present: Austin Cabello, Patrick Mullin Other Council Present: Tim Scott, Dr. Fred Ferlic, Dr. David Varner, Oliver Davis, Karen White Others Present: Cecil Eastman, Pam Meyer, Kathryn Roos, Marti Wolfson, Kathy Hahn, Joe lams, Ann Mannix, Erin Blasko, John Murphy, Brock Zeeb Agenda: Bill 14 -58 Waiver Resolution for Tire Rack Bill 14 -60 5 Year Residential Tax Abatement for Lincoln Park Development LLC Two bills were listed on the agenda of Gavin Ferlic's Community Investment Committee. The first bill 14 -58 was a request to waive a missed filing deadline for an abatement previously granted to Tire Rack. Kathy Han, abatement coordinator for the Community Investment Department (CI Dept.), explained Tire Rack request noting the company had met all other filing deadlines and had met or exceeded all investment and employment targets listed in the original abatement petition. Mr. Joseph lams, Tire Rack CFO, further explained the missed filing deadline was an inadvertent one, claiming unfamiliarity with the follow -up filing requirement. There being no Council questions or public input the committee referred the bill to full Council favorably after a motion to do so from Valerie Schey which was seconded by Henry Davis and subsequently affirmed unanimously. The Second bill on the agenda, bill 14 -60, was a petition to designate an area in the near northwest as a distressed area eligible for a 5 year residential abatement. In all as explained by Kathy Hahn again, the Lincoln Park Development would grant abatement eligibility for 24 homes. These 24 homes in the Lincoln Park neighborhood would be single family homes built and managed as a cooperative by the owners themselves. Brock Zeeb from Cl Dept. further explained by the City and Ann Mannix, a principal behind the Lincoln Park Development LLC, Ann's turn was next. She used an overhead and handout (attached) to describe her proposal. David Varner, Oliver Davis, and Henry Davis all had questions about how the cooperative would be governed. The brief question and answer session came to a close when Valerie Schey made a recommendation the bill go to Council favorably. Her motion was seconded by Gavin Ferlic and was sent without dissent.