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208 <br />Special Council Meeting <br />11/21/91 <br />Page Four <br />Mr. Baker, Treasurer, Mayf'ield City Schools, said they would take in $156,429 annually based on the estimate from the County Auditor. The money that would be foregone (abated) is $312,849. <br />Thirty-three percent of the $630,000 estimated income tax would be $210,000. <br />Mr. Rinker asked if the amount that would be pooled pursuant to SB 170 would be $156,429. <br />Dr. Abbott said that is what would happen if the bill passes. <br />Discussion was held about SB 170. <br />Dr. Abbott said, in terms of trying to plan and look at the future, that every little piece counts. <br />Mr. Rinker said the Village's concern is to set prioriries and see where a realistic line for sharing <br />could be. He is aware of communiries where there is 100% abatement and they do not share <br />anything. He said they want to have time to look around a little bit before making a decision. <br />Progressive needs to break ground in the spring and must follow a specific timetable in order to do <br />so. Mr. Rinker said Council is sensitive to the needs of the school board and wants to deal with <br />the issue fairly, but because of the time constraints placed on Progressive, they need to act on those <br />issues now. Mr. Rinker said they have agreed in principal to revenue-sharing with the school <br />board but, as to what the percentage would be, they cannot answer that now. He asked if Council <br />had any thoughts on that point. <br />Mrs. Mills said they need more time to study this issue. <br />Mr. Ferrante said they agreed in principle to share but srill need to decide if it would be dollars; <br />they may share services in place of dollars. They have not made a decision yet. <br />Mr. Basile said he agrees with Mr. Ferrante. <br />Mr. Pietrafese said he is looking into putting together a Community Development Committee and <br />would respond to a Board member being on the committee in the future. <br />Dr. Abbott said he is only aware of about $23,000 in sharing proposed. If that is it, he is <br />concerned about that. <br />Mr. Rinker said Council is committed to look at this seriously. <br />Mayor Cannen said he thinks he and Council need additional time to make that decision. <br />Dr. Abbott asked if they could give him a time frame. He must leave here and go to another <br />Council and deal with another situation. He would like to know if they are talking about a month, <br />two weeks, or what. <br />Mayor Carmen said he does not think he wants to press it now. He wants to give us time to look <br />and think. He would guess that before he leaves here it would be a done deal, but they need some <br />time to do that. <br />Mr. Rinker said the Village has tended to be creative and progressive. Their commitment is to do <br />this in a senseful way.