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REGULAR MEETING May 23, 2022 <br /> <br />5 <br /> <br />Caleb Bauer stated the estimated job counts are included from previous properties. It is <br />challenging to come up with number of jobs without a tenant. The track record of GLC’s previous <br />projects is a contributing factor to the employment number. <br />Councilmember Hamann stated there is still speculation around number of jobs being created. <br />Caleb Bauer stated there is no tenant lined up for the building. <br />Councilmember Hamann inquired about using a different form for this tax abatement property. <br />Caleb Bauer states the form did determine the seven-year abatement. Bauer suggested seeing <br />about adding categories to the tax abatement form. <br />Councilmember Canneth Lee stated the current property taxes with the increase of property taxes <br />after the abatement. Councilmember Lee stated it is a great use of land and opportunity. <br />Councilmember Rachel Tomas Morgan inquired about conversations around perspective tenants. <br />Jeff Smoke stated there are serious tenant conversations for a two hundred fifty thousand (250,000) <br />sq. ft. property within the property. <br />Councilmember Eli Wax inquired about the affects of getting or not getting a tax abatement on a <br />property and the feasibility of a project of this size. <br />Jeff Smoke stated tenant looks at the tax abatement property and wants to invest. Without <br />abatement, tenants will not utilize property for their businesses. <br />Councilmember Wax inquired if there is a chance for success without an abatement. <br />Jeff Smoke stated that they wouldn’t move on without an abatement. <br />Councilmember Hamann inquired about the cost of the property tax on the tenant. <br />Jeff Smoke stated the property taxes and operation costs are passed on to the tenant as part of their <br />rent through what is called triple net. <br />Vice President Niezgodski moved to the public portion. <br />Clerk Dawn Jones responded with no one is wishing to speak in favor of Resolution No. 22-21. <br />Vice President Niezgodski requests for anyone from the public wishing to speak in opposition of <br />Resolution No. 22-21. <br />Joseph Shabazz 316 Martin Luther King Dr. 46601 inquired how the buildings are proposed to be <br />built; how are contractors selected? <br />Caleb Bauer stated the abatement must attain an Affirmative Action Plan. <br />Joseph Shabazz stated the application is vague in representing minorities as a part of the project. <br />Caleb Bauer responded that the abatement forms does designate over the last 3 years businesses <br />being from women and minorities. However, the space was not filled because employees are not <br />present. <br />Vice President Niezgodski closed public portion, and requests comments from the council <br />members. <br />Councilmember Henry Davis Jr. stated we are a body that develop policies. Vague policies that <br />are attainable suggests ambiguity is present. Council has the duty to correct those policies and <br />follow through. <br />Councilmember Wax stated appreciation to petitioner. Indiana is booming as an economic market. <br />Councilmember Wax appreciates the local investments. <br />Councilmember Hamann stated public item 3a as a commitment for Affirmative Action Plan for <br />an unidentified tenant and asks how that will be upheld. <br />Caleb Bauer stated this section was for the contractor. Constructing and material supplies are <br />committed for the Affirmative Action Plan.