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COMMUNITY INVESTMENT <br />Committee Members Present: <br />Citizen Members Present: <br />Other Council Present: <br />Others Present: <br />Agenda: <br />APRIL 27.2015 3:30 P.M. <br />Gavin Ferlic, Henry Davis (AB), Dr. David Varner, <br />Dr. Fred Ferlic (XAB) <br />Bob Emery, Pat Mullin (AB) <br />Tim Scott (XAB), Valerie Schey, Oliver Davis (XAB), <br />Karen White, Derek Dieter <br />Sarah Heintzelman, Brock Zeeb, Manette Tepe <br />Bill 15 -29 Tax Abatement for Ameriplex Superior <br />Partners -5231 Dylan Dr. <br />(7 Yr. Real Property) <br />The Community Investment Committee was called to order by Chair Gavin Ferlic to give consideration to <br />a request for real property tax abatement by Ameriplex Partners. <br />Sarah Heintzelman from Cl staff made the presentation. Manette Tepe from Holladay Corporation was <br />present to answer any questions. Holladay is the overall developer of Portage Prairie where Ameriplex <br />is locating. Sara said the estimated construction costs of the development were $5.6 million. She said <br />the petition itself asked for up to a 7 year abatement. More specific development would be <br />forthcoming before the second stage or confirming resolution was asked to be voted upon. This <br />declaratory resolution was needed so that building permits could be issued. <br />Only a few questions followed the presentation. Valerie Schey asked how large Portage Prairie was and <br />whether it would be allowed an off ramp from the by -pass. Manette said the overall size was 400 acres <br />and the possibility of a ramp was still under review. <br />On a motion by Valerie, seconded by citizen member Bob Emery and voted without dissent the bill <br />received a favorable recommendation. <br />The Community Investment Committee adjourned at 3:35 p.m. <br />Respectfully Submitted, <br />i <br />Gavin Ferlic, Chairperson <br />Community Investment Committee <br />