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HomeMy WebLinkAbout05-11-87 Human Resources & Economic Development Ca nntittnr Et part HUMAN RESOURCES AND ECONOMIC DEVELOPMENT COMMITTEE • alu the ennui= Otountf[ of tip City of Don* 1,ttb4 The May 11 , 1987 meeting of the Human Resources and Economic Development Committee was called to order by its Chairman, Councilman Eugenia Braboy at 4 : 15 p.m. in the Council informal meeting room. Persons in attendance included: Councilmen Serge, Braboy, Puzzell , Taylor , Zakrezewski , Barcome , Paszek, and Voorde ; Ann Kolata, Ernie Szarwark, Jim Knepp , Glenda Rae Hernandez, Hedi Robinson, Jon Hunt , Don Inks , Sherry Shane , members of the news media and Kathleen Cekanski-Farrand . Councilman Braboy noted that the first item on the agenda was the review of Resolution No. 87-38 which is a personal property tax abatement for the property located at 3601 Lathrop Street . Hedi Robinson then gave the report from the Economic Development Department. Mr. James Knepp, the attorney for North American Signs, then reviewed the petition for personal property tax abatement. He is seeking a five (5) year abatement for the property in question.. Mr. Knepp indicated that the petitioner plans to double the employment at the area, thereby creating thirty (30) new jobs. The average salary would be $20,000 per year. Councilman Braboy noted that the petitioner has indicated their willingness . to work with the Mayor' s Minority Affairs Council . Following discussion by the Committee, Councilman Taylor made a motion, seconded by Councilman Serge, that Resolution No. 87-38 be favorably recommended to Council. The motion passed. Councilman Braboy then noted that the second item on the agenda was to review Resolution No. 87-42 which is a petition for real property tax abatement for the southeast corner of St. Louis and Wayne Streets . Hedi Robinsin then gave the report from the Economic Development Committee. Mr. Jon Hunt noted that the petition would be adding a new area to the real property listed as an economically revitalization area. He indicated that meetings had been held with the petitioner's attorney as well as with Eugenia Swartz , Ann Kolata and Kathleen Cekanski-Farrand where all individuals agreed that the area would qualify under the State law provisions. FREE PRESS PUSI_ISI4IR6 Co. -,• Human Resources and Economic Development May 11 , 1987 Page 2 Mr. Ernest Szarwark of the Barnes and Thornburg law firm then reviewed the petition request. He indicated that he was representing Parkview Associates and that approximately one hundred fifty (150) new jobs (of which 40%-60Z would be new jobs for the community) would be added. He stated his belief that the area would become an anchor for future development within the area. Approximately $2 million would be spent on the project with approximately $150,000 being required for the additional site preparation necessitated by the railroad cement structures currently existing on the real estate. Because of the extra- ordinary site development costs involved, additional costs would be required of the developer . The Council Attorney noted that , in her opinion, the area would qualify as an economic revitalization area and that this opinion was shared by the City ' s Legal Department . Councilman Braboy noted that this development had qualities to meet the State law provisions on its own merit and that the Committee would not be violating the current tax abatement ordinance in any way by approving the petition. Following discussion by the Committee, Councilman Puzzello made a motion, seconded by Councilman Serge, that Resolution No. 87-42 receive a favorable recommendation to Council. The motion passed unanimously. Mr. Jon Hunt , along with his staff assistantsDon Inks and Sherry Shane, then briefly reviewed two (2) resolutions, namely Resolution No. 87-44 and No. 87-45. The first resolution would authorize the Mayor to submit an application to the Indiana Department of Commerce for state investment incentives for Precision Tool & Die Design, Inc. The second resolution would authorize the Mayor to submit an application to the Indiana Department of Commerce for the state investment program fund on behalf of Sibley Machine and Foundry Corporation. Following discussion by the Committee , Councilman Taylor made a motion, seconded by Councilman Serge, that Resolutions No. 87-44 and No.87-45 receive favorably recommendations to Council. The motion passed unanimously. There being no further business to come before the Committee, the meeting was adjourned at 4 :40 p .m. Respectfully submitted , Councilmember , Eugenia Braboy, Chairman