MINUTES FOR THE SPECIAL SESSION OF COUNCIL
March 8, 2005
Council President Greg Gorrell called the meeting to order at 7:00 p.m.
ROLL CALL
Ward 1: Bob Valentine Present
Ward 2: Greg Gorrell Present
Ward 3: Ruth Detrow Present
Ward 4: Paul Wertz Present
At-large: Glen Stewart Present
PLEDGE OF ALLEGIANCE
LEGISLATION
Item (a) AN ORDINANCE APPROVING THE RECOMMENDATION OF THE COMMUNITY REINVESTMENT AREA NEGOTIATION COMMITTEE WITH REGARD TO COMMUNITY REINVESTMENT AREA TAX INCENTIVES APPLICATION FOR BAKER PROPERTIES ASHLAND, LLC.
Moved by Wertz and seconded by Stewart to invoke Section 113.01 of the Codified Ordinances as the distribution of this Ordinance has satisfied the requirements of said Section and that a further reading be dispensed with at this time.
Ayes: Valentine, Gorrell, Detrow, Wertz, Stewart
Comments:
Gorrell explained that the Community Reinvestment Area Negotiation Committee approved this tax abatement for Baker Properties Ashland, LLC. The 180,000 square foot building will be built in the new industrial area located on US Rt. 250 North. The terms of the tax incentive include a 100% tax exemption for fifteen years for the building, the hiring of thirty full-time employees resulting in a minimum of $600,000 in new payroll, and the signing of the supplemental agreement with the schools for the direct payment of their applicable taxes. With the creation of this new business there is also a possibility for future expansion.
Moved by Stewart and seconded by Detrow that the Ordinance be passed on the first reading.
Ayes: Valentine, Gorrell, Detrow, Wertz, Stewart
Moved by Wertz and seconded by Valentine that the rules requiring the reading on three separate days be suspended and that the Ordinance be passed on the second and third readings.
Ayes: Valentine, Gorrell, Detrow, Wertz, Stewart
Moved by Detrow and seconded by Wertz that the Ordinance be passed.
Ayes: Valentine, Gorrell, Detrow, Wertz, Stewart
Motion carried.
ADJOURNMENT
Moved by Stewart and seconded by Detrow to adjourn.
Ayes: Valentine, Gorrell, Detrow, Wertz, Stewart
Council adjourned the special session at 7:09 p.m.
Submitted by
Elaine C. Bucklew
Clerk of Council