HomeMy WebLinkAbout01-25-16 Community InvestmentCOMMUNITY INVESTMENT January 25, 2016 4:25 P.M.
Committee Members Present: Gavin Ferlic, Regina Williams- Preston, Oliver Davis,
Randy Kelly
Other Council Present: Karen White, Dr. Varner, Tim Scott, John Voorde,
Jo Broden
Others Present: Kathleen Cekanski - Farrand, Adriana Rodriguez,
Alkeyna Aldridge, Brock Zeeb
Agenda: Bill No. 16 -06 Designating five year residential tax
Abatement 6741 Lutz Dr.
Gavin Ferlic, Chairperson of the Community Investment Committee, called the hearing to order
with two bills scheduled for consideration.
Brock Zeeb, Director Economic Resources with offices on the 141' floor, presented this bill
which is a residential tax abatement. The estimated new taxes created over the five year period
will be approximately $8,900, the estimated taxes to be abated will be around $8,800 and the
taxes to be paid around $102. The address is located at 6741 Lutz Dr.
Amber Obrien, 1722 S. Gladstone, served as the petitioner for this bill. The petitioner reported
this is a 1725 square feet single family home in Lafayette Falls on the far south side of town.
Council Member Karen White said she would ask some questions on the floor of the Council
concerning how this is a distressed residential area and other concerns of how the process works.
Mr. Zeeb stated the Indiana Code refers everyone to the commercial code and then if the
property does not meet a commercial code the Council has the ability to designate it as a
residentially distressed property. In this case, this subdivision experienced a bankruptcy and has
left around thirty (30) lots empty in the neighborhood. This is a middle class housing
neighborhood which we are always saying we would like to increase and it is in the city limits.
The petitioner does meet the specific criteria and I can point to a number of other residential
abatements to prove a long history of these types of abatements.
No one from the public spoke in favor or opposition of the bill.
Due to time constraints Chairperson Gavin Ferlic would like to forward this bill to the full
Council with no recommendation. So moved by Council Member Oliver Davis and seconded by
Council Member Randy Kelly which passed by a voice vote of four (4) ayes.
There being no further business before the Committee, Chairperson Gavin Ferlic adjourned the
meeting at 4:30 p.m.
Respectfully Submitted,
Gavin Ferlic, airperso