04-11-94 Community & Economci Development

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Community and Economic Development Committee April 11, 1994 Page 2 nontraditional entrepreneurs focusing on women and minorities. Following further discussion, Councilmember Luecke made a motion, seconded by Councilmember Ladewski, that Bill No. 38-94 be recommended favorably to Council. The motion passed. A handout from Don Inks dated April 8, 1994 to Council President Puzzello was also made a part of the record(copy attached). The Committee then reviewed Bill No. 39-94 which would appropriate$99,000.00 from U.S. Department Housing and Urban Development. Mr. Hunt made the presentation. He than highlighted the five (5) areas where the monies would be spent, including appropriations for the Center for Homeless, The St. Joseph County Aids Task Force, Youth Services Bureau, the YWCA, and Administrative Costs. Following further discussion, Councilmember Luecke made a motion, seconded by Councilmember Ladewski, that Bill No. 39-94 be recommended favorably to Council. The motion passed. The Committee than reviewed Bill No. 40-94 which would appropriate $100,000.00 from Economic Development State Grant Funds. Mr. Hunt noted that the $100,000.00 would be used for the City's Good Neighbors/Good Neighborhoods contribution to the Neighborhood Business Development Corporation revolving loan program. It would be used for loan programs for commercial strip entrepreneurs. The focus would be in the River Park area. Following further discussion, Councilmember Slavinskas made a motion, seconded by Councilmember Ladewski, that Bill No. 40-94 be recommended favorably to Council. The motion passed. The Committee than reviewed Bill No.41-94 which would transfer$187.00 within the Department of Community and Economic Development. Mr. Hunt noted that that amount of money would be reduced to from Dismis of Michiana and would be added to the Aids Tasks Force. Following further discussion, Councilmember Slavinskas made a motion, seconded by Councilmember Luecke, that Bill No. 41- 94 be recommended favorably to Council. The motion passed. The Committee than reviewed Resolution No. 94-32 which is a ten (10) year real property tax abatement request and Resolution No. 94-33 which is a five (5) year personal property tax abatement request for the property commonly known as 4320 Ralph Jones Court. Mr. Mike Bitzinger reviewed the Economic Development Report dated March 28, 1994 (copy attached). Mr.D. Larry Dunville spoke on behalf of the petitioner. He noted that the company involved is Dearborne Crane and Engineering Company. They primarily export to Mexico, Georgia, Tennessee, and California with 85% of their business being in exporting. They plan to lease with an option to purchase. The proposed project would cost$700,000.00 with new equipment of approximately $250,000.00. The