08-11-97 Community & Economic Development

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G°orrunit.te Re/ewe.. Community and Economic Development Committee 90- tlw �'ommom aimed of tlw &rip of Jout4 !• The August 11, 1997 meeting of the Community and Economic Development Committee was called to order by its Chairperson, Council Member John Broden at 5:00 p.m. in the Council informal meeting room. Persons in attendance included Council Members: Aranowski, Pfeifer, Kelly, Broden, Varner,Ujdak, Coleman,Hosinski, Sniadecki; Lee Cotton,citizen member Sue Hodgson, Mike Beitzinger,Ricardo Milton,Larry Magolizzi,Dea Andrews, and Kathleen Cekanski- Farrand. Council Member Broden noted that the first item on the agenda was to review Bill No. 97- . 68 which is a five year real property residential tax abatement request for American Home Dreams for properties located at 125-301 East Broadway St. Mr. Mike Beitzinger, Economic Development Specialist, reviewed the August 1, 1997 Community and Economic Development report(Copy Attached). The report noted that the petitioner proposes to develop new single family residences in the Southeast neighborhood. Each home is estimated to cost approximately $74,500 with 16 homes being built. The project qualifies for a five year real property tax abatement under applicable state and local laws. Mr. Ricardo Milton then made a further presentation and showed pictures of the area in question. Following favorable comments, Council Member Coleman made a motion seconded by citizen member Sue Hodgson that Bill No. 97-68 be recommended favorably to Council. The motion passed. Council Member Coleman noted that in light of the unfairness of the current assessment system that residential tax abatement is the only tool available to provide assistance in this area. Council Member Aranowski urged Mr. Milton to have an ongoing education program in place with regard to the filing of necessary tax abatement forms which Mr. Milton stated he would do. The committee then reviewed Bill No. 97-69 which is a five year real property residential tax abatement request for South Bend Heritage Foundation for the benefit of Garden Homes,Inc. for properties located at 936 and 938 West LaSalle Ave. Mr. Mike Beitzinger, Economic Development Specialist, reviewed the August 1, 1997 report (Copy Attached). The report noted that the petitioner plans to build two new single family residences for an approximate value of $75,000 each. The project would be a compliment to the South Bend Heritage Foundation LaSalle Ave. project. The project qualifies for a five year real property tax abatement under applicable state and local laws.