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REGULAR MEETING OCTOBER 14, 2013 <br /> <br /> <br /> <br /> <br />Council Attorney Kathleen Cekanski-Farrand: Under the City Code the applicant will be <br />required to enter into a Memorandum of Agreement as I brought two others that received the <br />same procedure and that could be as well. But again, that has to be in place prior to the <br />confirmatory action, that is if the council goes forward this evening that would be in place in a <br />legal document prior to the October 28, 2013 meeting in a confirmatory resolution before you <br />could go forward. <br /> <br />Councilmember Oliver Davis: Basically, what you are saying then that if this passes tonight <br />could you explain how that 4% would be put together one more time. There would be 4% for <br />minorities, women and veterans that’s what you are committing to. <br /> <br />Nick Surak: Yes, for subcontractors and suppliers. <br /> <br />Councilmember Oliver Davis: That is something that I had not heard earlier. <br /> <br />Council Attorney Kathleen Cekanski-Farrand: Under the City Code the Department of <br />Community Investment had the original memorandum of agreement, the City Attorney’s Office <br />reviews it, as does myself with this commitment we will make sure that it is in there. <br /> <br />Councilmember Oliver Davis: That commitment will be prepared when? <br /> <br />Council Attorney Kathleen Cekanski-Farrand: Prior to the next Council meeting. <br /> <br />th <br />Councilmember Oliver Davis: Now the meeting on the 28 what would happen at that meeting <br />regarding the bill. <br /> <br />Council Attorney Kathleen Cekanski-Farrand: It’s a confirmatory resolution and again like any <br />other tax abatement it’s a two-step process. The declaratory is the first step and the second step <br />is the confirming per State Law. <br /> <br />th <br />Councilmember Oliver Davis: On the 28 meeting if this is passed tonight then that <br />commitment for the 4% for the minority businesses will be attached to that bill and then if that is <br />passed then the minority business bill will be a part of that memorandum of understanding that <br />night correct. <br /> <br />Council Attorney Kathleen Cekanski-Farrand: The representation that were made this evening. <br /> <br />Karen Ainsley: And Councilmember Davis, I would like to interject that what he is talking <br />about is Indiana Housing Community Development Authority, they manage that so they could <br />they could also provide a copy of that application that shows that we’ve committed to that which <br />means that’s what we will be judge on basically if they are awarded. So, there would be another <br />double check. <br /> <br />Nick Surak: When we commit to that in a tax credit applications, ICBA does and you have to <br />document that you complied with what you committed to and if you don’t, you don’t get your tax <br />credits so you know we have every reason to adhere to that, otherwise without the tax credits you <br />don’t have a project. <br /> <br />Councilmember Oliver Davis: Is it my understanding that the 4% is greater than what was asked <br />in the Community Agreement or is that about the same. <br /> <br />Nick Surak: It is greater. <br /> <br />Karen Ainsley: The difference Oliver would be that was asked specifically for a training fund. <br />Which would be separate and above and beyond the project cost. Where this would actually be <br />employing just like discussed employing people who need jobs and people within the community <br />who qualify in those ranges. <br /> <br />20 <br /> <br /> <br />