HomeMy WebLinkAbout05-11-15 Community InvestmentCOMMUNITY INVESTMENT
Committee Members Present:
Citizen Members Present:
Other Council Present:
Others Present:
Agenda:
MAY 11, 2015 3:50 P.M.
Gavin Ferlic, Henry Davis (XAB), Dr. David Varner,
Dr. Fred Ferlic
Bob Emery, Patrick Mullin (AB)
Tim Scott, Valerie Schey, Oliver Davis (XAB),
Karen White, Derek Dieter
Brock Zeeb, Sam Centellas, Brian Pawlowski, Dan Kruk,
Cecil Eastman, Jacob Alexander
Bill 15 -30 Kruk Electric, LLC 3702 W. Sample St.
5 Yr. Personal Property Tax Abatement
Bill 15 -31 JSK Development, Inc. 111 St. Joseph St.
2 Yr. Vacant Building Abatement
Bill 15 -32 JSK Development Inc. 111 St. Joseph St.
9 Yr. Real Property Tax Abatement
Bill 15 -33 Tampico Development, LLC
Crescent Oaks, Section Three
5 Yr. Residential Tax Abatement
With a quorum present Community Investment Chairman Gavin Ferlic called the meeting to order. Four
bills were listed on the agenda.
The first, bill 15 -30, was a petition for a 5 year personal property abatement for Kruk Electric.
Jacob Alexander from Community Investment Department (CID) made the presentation. He said Kruk
Electric had been in the Sample Street Business Complex for 12 years. They produce components for
both the medical industry in Warsaw and the automotive industry in Fort Wayne. Increased business
warranted the investment in new production equipment and would create four new jobs.
Dan Kruk the owner of Kruk Electric was present to answer questions.
After brief discussion the bill was forwarded with a favorable recommendation after appropriate
motions by Dr. Fred Ferlic and Valerie Schey which were supported by all.
Gavin then said the next three bills on the agenda, bill 15 -31, 15 -32, and 15 -33 all abatement petitions,
would not be heard in that the Community Investment Department had sent a request they be
continued until the next Council meeting on May 26th.
Dr. Fred Ferlic so moved. Valerie Schey seconded and all acquiesced.
Gavin adjourned the meeting at 3:54 p.m.
Respectfully Sub fitted,
Gavin Ferlic, Chairperson
Community Investment Committee