HomeMy WebLinkAbout10-12-09 Community & Economic Development Committee>~r
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COMMUNITY 8~ ECONOMIC DEVELOPMENT COMMITTEE
OCTOBER 12. 2009
'son Rouse called the meeting of the Community and Economic Development Con
at 3:45 p.m.
ee Members Present: Ann Puzzello, Henry Davis, Jr., Karen L. White, Catherine f
Member
~uncilmember's Present: Derek Dieter, AI "Buddy" Kirsits, Tom LaFountain, David
'resent: Mayor Luecke, George Lane, Pam Meyer, Alan Feldbaum, Martha Lewis,
itrycker, Lanie Vivarito, Bob Matia, John Voorde, Kathleen Cekanski-Farrand, Jei
Bill No. 79-09 -Amend Code -Parking
Bill No. 77-09 -Appropriation -Community Development Fund #212
Bill No. 78-09 -Bond Amendment -PEI Genesis
Bill No. 09-64 -Tax Abatement 1400 Riverside Steel Warehouse
'9-09 -Special Event Lawn Parking Regulation Changes.
son Rouse, Sponsor of the Bill, asked that it be continued indefinitely.
'7-09 -Appropriation Community Development Fund #212
pest presented by Pay Meyer, Director of Community Development would appropri
07 in Homeless Prevention and Rapid Re-Housing (HPRP) funds. These funds frc
Department of Housing are a one time allocation for rapid re-housing of families disc
:onomic downturn.
'or a recommendation, Chairperson Rouse recognized a favorable motion from
nember Puzzello followed by a second from Catherine Andres which was then suc
78-09 -Supplementing Economic Development Revenue Bonds for PEI/Genesis
dbaum, Attorney for PEI/Genesis, and Larry Horvath, Plant Manager, explained the
for approval. Essentially, the city would continue to act as a conduit without financ
~r issuance of the tax free bonds. PEI/Genesis would benefit by a lower interest rs
'rm. This was due to the Federal Home Loan Bank signing on as a guarantor of th
All of this required an amendment to the bond documents which needed Council
'son Rouse accepted a favorable recommendation from Councilmember Puzzello
by Catherine Andres second which was approved by all.
)9-64 -Personal Property Tax Abatement -1400 Riverside Dr. -Steel Warehouse
hia at the Chair's request reported the details of the request by Steel Warehouse.
city and Economic Development Department's findings indicate Steel Warehouse
for a five (5) year personal property tax abatement for the acquisition of new mace
erman, President of Steel Warehouse gave a detailed explanation of the manufact
ently, Councilmember White moved the bill be sent favorably. Catherine Andres
d and all affirmed.
iscellaneous matters, Committee Member Henry Davis, Jr, asked about the status
hood Stabilization Program.
son Rouse said a report from Pam Meyer was due on October 19, 2009. A Comm
comic Development Committee meeting would be scheduled on October 26, 2009
e report.
ing no further business to come before the Committee at this time, Chairperson Rc
d the meeting at 4:25 p.m.
ully Submitted,