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COMMUNITY INVESTMENT JULY 27, 2015 3:30 P.M. <br /> Committee Members Present: Gavin Ferlic, Henry Davis(AB), Dr. David Varner, <br /> Dr. Fred Ferlic <br /> Citizen Members Present: Pat Mullin (AB), Bob Emery <br /> Other Council Present: Tim Scott,Valerie Schey,Oliver Davis, Karen White, <br /> Derek Dieter(XAB) <br /> Others Present: Erin Blasko, Brock Zeeb, Kathy Cekanski-Farrand, <br /> Adriana Rodriguez, Manette Tepe (Holladay), Michael <br /> Murray, Scott Ford, Lisa Loughran <br /> Agenda: Bill No. 15-72 Confirming Tax Abatement—Ameriplex <br /> Superior Partners LP (5231 Dylan Dr.—7 Yr. Real <br /> Property) <br /> Bill No. 15-73 Designating Tax Abatement—Thomas& Lisa <br /> Loughran (810 N. St. Peter St.—5 Yr. Residential <br /> Property) <br /> The Community Investment committee was called to order by Chairman Gavin Ferlic. He noted there <br /> were two tax abatement petitions on the agenda, one confirming and one residential. <br /> The first was bill 15-72, a confirming 7 year real property abatement for Ameriplex at 5231 Dylan Dr. <br /> Brock Zeeb from Community Investment made the presentation. In that this was a confirming <br /> abatement, Brock reviewed the initial petition adding clarification to answer Council questions asked at <br /> the initial presentation. <br /> Councilmembers Valerie Schey and Tim Scott both voiced support for the new development. Dr. David <br /> Varner asked if"greenfield" projects were hurting"brownfield" projects. Brock responded saying when <br /> possible the City promoted inner city over those on the outskirts of town. In this case,Ameriplex <br /> needed easy air and roadway access to ease the distribution process. <br /> Questions answered, David Varner motioned to send favorably. Fred Ferlic seconded and all affirmed. <br /> Resolution 15-73 was next. This was a request for a five year residential abatement for a home to be <br /> built at 810 N.St. Peter. Brock Zeeb made the initial presentation followed by Lisa Loughran,the <br /> petitioner,who described the investment. <br /> Councilmember David Varner took this opportunity to explain the positives of an abatement, namely <br /> increasing the tax base and phase-in of taxes. <br /> Motions to send favorably were made by Fred Ferlic and David Varner and were supported by all. <br /> 1 <br />