03/15/1994 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 3/15/94 6) A very successful Mayor's Ball was held on March 5. Approximately $2,700 was raised for the North Coast Health Ministry. This organization provides medical care for employed people without medical insurance. 7) A Town Ha11 meeting will be held at 7:30 p.m on Wednesday, March 16, at Fine Elementary School. All residents are invited to participate. 8) The Police Department annual ra~ort has been issued. The following statistics are interesting to note: car and truck the$s are down by 44; the$s from autos are down by 82; resident and business burglars are down by 31; all thus down by 202; criminal damaging down by 114; suspicious persons down by 49; DWI arrests are up by 17; assaults are down by 11; total arre~s are up by 351. These figures show the benefits being derived by the addition of Police officers. 9) Discussed enterprise zone le~gi~aton with Berea Mayor Trupo, the Chairperson of the Cuyahoga County Mayors and Mergers Association Legislative Comnuttee. The Association will be commm~cating with House Speaker Vern Riffe on this topic. 10) The tax incentive review comte~ met on Monday, March 14, to review the enterprise zone and the two companies that have located within that zone, Moen and MAC Systems. Information on the two companies is as follows: a. Moen had projected 350 jobs and has actually started the year with 380 jobs. Their payroll projection was $6.7 million; their actual 1994 payroll will be approximately $14.4 million, which will result in $280,000 of income taxes as co~ared to $134,000 that had been projected. The school system share of the taxes will increase to $43,200 from $20,100 that had been projected. There is a misconception that all taxes are abated within an enterprise zone--this is not true. This property will generate $65,464 in property tax. b. MAC Sy~ems had projected 91 employees by 1995. On December 31, 1993, 90 people were akeady employed, and they project 127 by the end of the year. Payroll for 1993 was approximately $3,300,040; 1994 payroll will be approximately $5,100,000. The income tax on this is about $103,000/$104,004, annualized by the end of this year, which exceeds the 1995 original projection by $32,500 and the 1993 projection by $37,940. The school system will also benefit through property taxes. The enterprise zone has proven to be very successful. Mrs. Bahas complimented the Mayor and his committee on a very successfil Mayor's Ball. With the agenda being completed and there being no further business to come before Council, President Boehmer adjourned the meeting at 8:57 p.m ` , r, Barbara L. Seman, Clerk o ouncil ,~~! James D. Boehmer, President of Council ,~ 7 ~.~ ~ ~,, ~~«,. >. ..r«