HomeMy WebLinkAbout05-28-14 Community InvestmentCOMMUNITY INVESTMENT MAY 28T", 20144:30 P. M.
Committee Members Present: Gavin Ferlic, Valerie Schey, Henry Davis, Derek Dieter
Citizen Members Present: Austin Cabello, Patrick Mullin
Other Council Present: Tim Scott, Dr. Fred Ferlic, Dr. David Varner, Oliver Davis,
Karen White
Others Present: Cecil Eastman, Pam Meyer, Kathryn Roos, Marti Wolfson, Kathy
Hahn, Joe lams, Ann Mannix, Erin Blasko,
John Murphy, Brock Zeeb
Agenda: Bill 14 -58 Waiver Resolution for Tire Rack
Bill 14 -60 5 Year Residential Tax Abatement for Lincoln
Park Development LLC
Two bills were listed on the agenda of Gavin Ferlic's Community Investment Committee.
The first bill 14 -58 was a request to waive a missed filing deadline for an abatement previously granted
to Tire Rack. Kathy Han, abatement coordinator for the Community Investment Department (CI Dept.),
explained Tire Rack request noting the company had met all other filing deadlines and had met or
exceeded all investment and employment targets listed in the original abatement petition. Mr. Joseph
lams, Tire Rack CFO, further explained the missed filing deadline was an inadvertent one, claiming
unfamiliarity with the follow -up filing requirement.
There being no Council questions or public input the committee referred the bill to full Council favorably
after a motion to do so from Valerie Schey which was seconded by Henry Davis and subsequently
affirmed unanimously.
The Second bill on the agenda, bill 14 -60, was a petition to designate an area in the near northwest as a
distressed area eligible for a 5 year residential abatement. In all as explained by Kathy Hahn again, the
Lincoln Park Development would grant abatement eligibility for 24 homes. These 24 homes in the
Lincoln Park neighborhood would be single family homes built and managed as a cooperative by the
owners themselves.
Brock Zeeb from Cl Dept. further explained by the City and Ann Mannix, a principal behind the Lincoln
Park Development LLC, Ann's turn was next. She used an overhead and handout (attached) to describe
her proposal.
David Varner, Oliver Davis, and Henry Davis all had questions about how the cooperative would be
governed. The brief question and answer session came to a close when Valerie Schey made a
recommendation the bill go to Council favorably. Her motion was seconded by Gavin Ferlic and was
sent without dissent.
Gavin adjourned the meeting at 5:04 P.M.
Respectfully Submitted,
Gavin Ferlic, Chairperson
Community Investment