03-29-16 Community Investment - Laserfiche WebLink

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COMMUNITY INVESTMENT MARCH 29, 2016 3:30 P.M. Committee Members Present: Gavin Ferlic, Oliver Davis, Randy Kelly, William Smith Committee Members Absent: Regina Williams- Preston (Excused) Other Council Present: Karen White, Tim 'Scott, John Voorde, Jo M. Broden Others Present: Alkeyna Aldridge, Joseph Molnar, Adriana Rodriguez Kathleen Cekanski- Farrand Agenda: Bill 16 -30 — Correcting Scrivener's Error in Res. No. 4537 -16: Retail Property at Washington Square LLC Bill No. 16 -31 — Designating Real Property Tax Abatement, County Development, LLC Chairperson Gavin Ferlic called the Community Investment Committee to order with two bills on the agenda. He introduced William Smith as a new citizen member of the Community Investment Committee. Bill 16 -30 — Correcting Scrivener's Error in Res. No. 4537 -16: Retail Property at Washington Square LLC Brian Pawlowski, Assistant Executive Director of Community Investment with offices on the 14th Floor of the County -City Building, served as the presenter for this bill. He explained this is fixing a scrivener's error in Resolution No. 4537 -16 which had the wrong tax identification number. This new bill would fix that error. There were no questions from Council or comments from the public. Councilmember Randy Kelly made a motion to send Bill 16 -30 to the full Council with a favorable recommendation. Committee member Will Smith seconded the motion which carried by a voice vote of four (4) ayes. Bill No. 16 -31 — Designating Real Property Tax Abatement, County Development, LLC Brian Pawlowski, Assistant Executive Director of Community Investment with offices on the 14th Floor of the County -City Building, served as the presenter for this bill. This new forty thousand (40,000) square feet grocery store will consist of over six (6) million dollars in new construction on the west side of town. The estimated taxes to be abated are around $464,000 and estimated taxes to be paid are around $715,000. This will create thirteen (13) new jobs which is in addition to the jobs already in existence at their current facility on the west side. Council Attorney Kathleen Cekanski - Farrand stated that the Council is only acting on the designating tax abatement not the confirmatory.