12-07-89 Human Resources & Economic Development

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Human Resources and Economic Development Committee December 7, 1989 Page 2 The first area discussed was residential development. Council Member Luecke noted that single family residential abatement would be allowed as set forth in the summary. He noted that he believes that changes to the state law addressing the tax sale requirements as well as the governmental body with regard to purchasing from such an entity should be reconsidered. He stated that he believes that such requirements eliminate such abatements in the older neighborhoods. Council Member Luecke then reviewed the multi-family proposals. He noted that Center City suggested that a 20% limit be made available for low and moderate income (see their memorandum of November 1, 1989) . Council Member Luecke voiced concern with regard to such a requirement in light of the fact that he believed it would be a disincentive in the older neighborhoods. Mr. Bancroft noted that this position was not unanimous. He did voice concern, however, with regard to those projects which have market rent apartments. Council Member Voorde voiced concern with regard to the 20% requirement with regard to a three year tax abatement request. Following further discussion Mr. Carter Wolfe withdrew the 20% request with regard to low and moderate income. It was also noted that perhaps tighter language in the actual resolutions addressing tax abatement for each project be considered. Council Member Luecke noted that a similar process is being used in Indianapolis. Mr. Bancroft suggested that such a concept would be a responsible thing to follow up on if at all possible. Council Member Luecke and the Council Attorney stated that they are in the process of pursuing the concept further. The committee then reviewed the proposed changes with regard to office development (see Summary of Proposed Revisions to Tax Abatement Ordinance) . Council Member Zakrzewski voiced concern with regard to the elimination of the business strips. He specifically pointed to the Whiteford building and other areas along Western Avenue. Council Member Niezgodski voiced similar concern with regard to the elimination of such business strip and specifically pointed out Lincolnway West and Western Avenue. He stressed that the major area for the City to grow is West and voiced concern to eliminate this development tool.