Committee Agenda for Economic Development Committee 03/03/2015

CITY OF WORCESTER

Economic Development Committee Meeting

Tuesday, March 3, 2015

Esther Howland (South) Chamber

Convened: 5:33 P.M.

Adjourned: 7:07 P.M.

Mayor Joseph M. Petty	www.worcesterma.gov	Clerk of the City Council David J. Rushford
Committee Members
Chairperson Frederick C Rushton
Councilor Sarai Rivera
Councilor George J Russell

City Hall - 455 Main Street Worcester, Massachusetts

	Present Were:	Chairperson Councilor Frederick C Rushton Councilor Sarai Rivera Councilor George J Russell Councilor Tony Economou Councilor Gary Rosen

	Also:	Chief Development Officer Michael E. Traynor Development Staff Person Paul Morano, Jr. Development Staff Person Jackson Restrepo WRA Chairperson Vincent A. Pedone WRA Member John P. Brissette City Clerk David J. Rushford, clerk

Discussion - Worcester Redevelopment Authority



1a.	Worcester Redevelopment Authority Chairman Vincent A. Pedone providing the Economic Development Committee with an update concerning the activities of the WRA.	Attachments

	At the conclusion of the discussion, Chairperson Councilor Rushton stated the Economic Development Committee would meet with the WRA in the future concerning their activities.

Communications of the City Manager



2a.	Recommend adoption of a resolution to file an application to designate 8 Grafton Street as a Housing Development Certified Project. # 9.4C CM February 24, 2015	Attachments

	Speakers: Robert Shaffer, President, Vision Development, Conshohoken, PA Mr. Shaffer was accompanied by an unidentified male who answered all questions concerning the financing of the proposed project at 18 Grafton Street. Also appearing was Daniel Benoit, Worcester resident and architect for Vision Development’s proposed project at 18 Grafton Street. Recommend Approval (See Chairman Orders)

Quarterly Economic Development Reports



3a.	Communication of the City Manager Transmitting Informational Communication Relative to the Quarterly Economic Development Report. # 11.4A CM December 02, 2014	Attachments

	Recommend File


3b.	Communication of the City Manager Transmitting Informational Communication Relative to the Quarterly Update Report of Economic Development Initiatives. # 11.4B CM September 30, 2014	Attachments

	Recommend File


3c.	Communication of the City Manager Transmitting Informational Communication Relative to the Economic Development Quarterly Report. # 10.4F CM June 17, 2014	Attachments

	Recommend File


3d.	Communication of the City Manager Transmitting Informational Communication Relative to the Quarterly Economic Development Report. # 8.4B CM March 11, 2014	Attachments

	Recommend File


3e.	Communication of the City Manager Transmitting Informational Communication Relative to the Quarterly Economic Development Report. # 10.4B CM September 24, 2013	Attachments

	Recommend File


3f.	Communication of the City Manager Transmitting informational communication relative to the Quarterly Update of Economic Development Initiatives. # 10.4G CM June 18, 2013	Attachments

	Recommend File


3g.	Communication of the City Manager Transmitting informational communication relative to the Economic Development Quarterly Report. # 9.4C CM March 12, 2013 In Committee April 9, 2013 - Held In Committee May 14, 2013 - Held	Attachments

	Recommend File

CHAIRMAN'S ORDERS

	1.	Request City Manager add language to the agreement between the City of Worcester and Vision Development for rehabilitation of 8 Grafton Street to stipulate that the developer agrees to a decrease in the amount of the HDIP equal to a corresponding amount of additional federal and state historic tax credits anticipated.
	2.	Request City Manager add language to the agreement between the City of Worcester and Vision Development for rehabilitation of 8 Grafton Street to restrict the sale in whole or in part to a non-profit entity who might qualify for a request to have exempted that portion of the property covered by HDIP from paying real estate taxes in years five through ten of the HDIP.