05-11-15 Community Investment - Laserfiche WebLink

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COMMUNITY INVESTMENT Committee Members Present: Citizen Members Present: Other Council Present: Others Present: Agenda: MAY 11, 2015 3:50 P.M. Gavin Ferlic, Henry Davis (XAB), Dr. David Varner, Dr. Fred Ferlic Bob Emery, Patrick Mullin (AB) Tim Scott, Valerie Schey, Oliver Davis (XAB), Karen White, Derek Dieter Brock Zeeb, Sam Centellas, Brian Pawlowski, Dan Kruk, Cecil Eastman, Jacob Alexander Bill 15 -30 Kruk Electric, LLC 3702 W. Sample St. 5 Yr. Personal Property Tax Abatement Bill 15 -31 JSK Development, Inc. 111 St. Joseph St. 2 Yr. Vacant Building Abatement Bill 15 -32 JSK Development Inc. 111 St. Joseph St. 9 Yr. Real Property Tax Abatement Bill 15 -33 Tampico Development, LLC Crescent Oaks, Section Three 5 Yr. Residential Tax Abatement With a quorum present Community Investment Chairman Gavin Ferlic called the meeting to order. Four bills were listed on the agenda. The first, bill 15 -30, was a petition for a 5 year personal property abatement for Kruk Electric. Jacob Alexander from Community Investment Department (CID) made the presentation. He said Kruk Electric had been in the Sample Street Business Complex for 12 years. They produce components for both the medical industry in Warsaw and the automotive industry in Fort Wayne. Increased business warranted the investment in new production equipment and would create four new jobs. Dan Kruk the owner of Kruk Electric was present to answer questions. After brief discussion the bill was forwarded with a favorable recommendation after appropriate motions by Dr. Fred Ferlic and Valerie Schey which were supported by all. Gavin then said the next three bills on the agenda, bill 15 -31, 15 -32, and 15 -33 all abatement petitions, would not be heard in that the Community Investment Department had sent a request they be continued until the next Council meeting on May 26th. Dr. Fred Ferlic so moved. Valerie Schey seconded and all acquiesced.