HomeMy WebLinkAbout05-24-10 Community & Economic Development Committeeittti~}` ~'-~
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~~ 4'~`~~ COMMUNITY AND ECONOMIC DEVELOPMENT COMMITTEE
MAY 24, 2010
Chairperson Timothy Rouse called the Community and Economic Development
Committee meeting to order at 4:00 p.m.
Committee Members Present: Ann Puzzello, Henry Davis, Karen White
Other Councilmember's Present: Derek Dieter, Tom LaFountain, David Varner, Oliver
Davis, Al "Buddy" Kirsits
Other's Present: Bob Mathia, Mayor Luecke, Gary Gilot, Barbara Huber, Dan Herbster,
Issac Hunt John Byorni, Charles Watkins, Billy Gene Easton, Chuck Leone, tom Bush,
Dave Ryan, Curtis Voreis, Rita Kopala, Kathleen Cekanski-Farrand, Nevin Sequira
Agenda: Bill No. 10-26 -Tax Abatement 2629 Foundation Value Production Inc.
Chairperson Rouse began the hearing noting a full committee present as well as all other
Councilmember's. Chairperson Rouse then asked Bob Mathia to present a report on the
Economic Development Departments findings. He said the project was to acquire and
install new manufacturing equipment at a cost of $1.5 million dollars. If the 5 year
abatement was granted an estimated $41,882 in taxes would be abated and over $124,000
paid over the period. Bob said the company had met all criteria for abatement. Nevin
Sequira owner of Value Production said the abatement would create 4 new jobs and
solidify 23.
Turning to the Council portion for questions, Chairperson Rouse recognized Derek Dieter
who asked if Value Production honored pledges made in earlier abatements. The answer
was yes. Councilmember Henry Davis asked about the training program required for
jobs at Value. Councilmember Puzzello expanded that query while Councilmember
White asked about the diversity of the workforce. After Mr. Sequira answered
Councilmember Henry Davis motion to approve. Councilmember Puzzello seconded and
all affirmed.
There being no further business to come before the Committee, Chairperson Rouse
adjourned the meeting at 4:13 p.m.
Respectfully Sub itted,A
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Timothy A. Ro ,Chairperson
Community a conomic Development Committee