05-22-89 Human Resources & Economic Development

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Human R2„sources and Economic Development Committee May 22, 89 Page2 tenant has signed a lease which reflects the tax abatement requested. He noted that the tenant began in 1981 with four employees utilizing approximately 1, 000 square feet. Today the proposed tenant has 36 employees and is utilizing 10, 000 square feet and is in need of more space. He noted that there is an option to purchase the building in six years. Council Member Slavinskas commented that he questioned the utilization of tax abatement to attract businesses to the airport industrial park. He noted that he does not have specific concerns with regard to the petition before the committee, however, believed that tax abatement would be a double-edged sword and believes that the policy needs to be reconsidered. Mr. Don Best stated that if the buildings were torn down in the Studebaker Corridor that that area would be an ideal location. He further noted that the parcel of land involved in the tax abatement petition is the last one available in the Airport Industrial Park, therefore, there would not be competition between the Studebaker Corridor and the Airport Industrial Park. Following further discussion Council Member Zakrzewski made a motion seconded by Council Member Puzzello that Resolution No. 89-40 be recommended favorably to Council. The motion passed. There being no further business to come before the Committee, the meeting was adjourned at 5: 05 p.m. Respectfully submitted, Council Member Steve Luecke, Chair Person Human Resources and Economic Development Committee SL:srk Attachment 211 W. Washington, Suite 2120, South bena, 1B. iiaovr c) The tenant most seriously interested in leasing space is in the apparel industry. The other tenants operations will fall