02-24-97 Community & Economic Development

Home Browse Search

Commftttt Ztport: Community and Economic Development Committee �0 the Common Coutttfl of die tftp of South Oltttb: The February 24, 1997 meeting of the Community and Economic Development Committee was called to order by its Chairperson, Councilmember John Broden at 4:30 p.m. in the Council informal meeting room. Persons in attendance included Council Members: Kelly, Aranowski, Pfeifer, Broden, Varner, Udjak, Coleman, Sniadecki; Mike Beitzinger, Don Porter, Edward Certisimo, Ann Kolata,Cathy Roemer and Kathleen Cekanski-Farrand. Councilmember Broden noted that the first item on the agenda was to review Resolution No. 97-7 which is a five(5)year Personal Property Tax Abatement request for the property located at 3520 Westmoor Street on behalf of AlliedSignal,Inc. Mr. Mike Beitzinger then provided an overview to tax abatement procedures (copy attached).. He then reviewed the report from the Community and Economic Development Committee dated February 19, 1997 (copy attached) which concluded that the petitioner qualifies for the five (5) year Personal Property Tax Abatement. The project will create twenty-eight (28) new permanent full time jobs representing a new annual payroll of one million four hundred and forty-nine thousand eight hundred and seventy dollars ($1,449,870.00)for an average salary of$51,781.00 per employee to be hired. Mr Beitzinger also provided a tax abatement schedule(copy attached). Mr. Edward Certisimo, the Director of Finance for AlliedSignal, Inc., then reviewed a seven (7) page handout on the Corporation (copy attached). He noted that there are currently 850 UAW people on the callback list which would be utilized where required. In response to questions raised by Councilmember Pfeifer, it was noted that in 1996 diversity employment results showed that of the 886 employees, 650 were white males, 64 were black males, 2 were Hispanic males, 14 were Asian males, and 1 was an American Indian. Of that total there were also 112 women who were white, 37 were black women,4 were Hispanic women and 2 were of Asian or Pacific Island backgrounds. In response to a question raised by Councilmember Udjak, it was noted that possible expansion of the fiscal plant may take place in mid 1997 which is currently being evaluated. In response to a question raised by Councilmember Varner, it was noted that most of the the personal property in question will last far beyond the five year personal property designation which with many of the property items being depreciated over a fifteen (15) year period. Councilmember Coleman and Councilmember Broden complimented AlliedSignal,Inc.for their continuing contribution to the community and their strategic investment to our community. •