Laserfiche WebLink
SESSION 1680 <br /> <br />MINUTES OF THE UNIVERSITY CITY COUNCIL <br /> <br /> October 7, 1996 <br /> <br />A special meeting of the City Council of University City was held in the Emergency Operations Center <br />of City Hall on Monday, October 7, 1996. Notice of the meeting was posted on Thursday, October 3, <br />1996. Mayor Joseph L. Adams presided and called the meeting to order at 5:16 p.m. The following <br />members of the Council were present: <br /> <br />Mr. Wayne I. Munkel <br />Mr. Robert G. Wagner <br />Mr, Lawrence Lieberman <br />Mr. Paul E. Schoomer <br />Mrs. Betty L. Thompson <br /> <br />Absent: Councilmember Hardy Ware, who was excused. <br /> <br />Also present was Acting City Manager Al Goldman. <br /> <br />PUBLIC HEARING - PRECISION TOOL DEVELOPMENT <br /> <br />The Acting City Manager said a public hearing was set for 5:15 p.m. this date to consider the redevelop- <br />ment plan, including tax abatement, for the Precision Tool property on the southwest corner of Vernon <br />and Kingsland. Following the public hearing, two bills must be introduced, with subsequent readings <br />and adoption scheduled for the regular Council meeting on October 21, 1996. The bills carry out the <br />abatement previously authorized by the City Council. <br /> <br />Mayor Adams opened the public hearing at 5:18 p.m. <br /> <br />Company representative Tom Goodman and General Manager Pete Manoff answered questions from <br />Council. In response to Mrs. Thompson, Mr. Manoff said Precision Tool makes tooling for the alumi- <br />num die casting industry. Mr. Lieberman asked whether the company would be hiring because of the <br />expansion, and if any University City residents might be employed. Mr. Manoff said that was possible, <br />and after the new plant is completed about December 1st, they will begin hiring up to 25% more <br />employees. He noted that tax abatement was crucial to the success of this project, especially since there <br />was unexpected expense due to the lot needing additional work. Responding to Mr. Wagner, Mr. <br />Manoff&scribed the plant's current staffing profile. Mr. Goodman reiterated that if Precision Tool had <br />to pay full taxes from the project's onset, it would not be financially feasible. Mr. Munkel asked if the <br />company generated any hazardous waste or fumes. Mr. Manoff said a coolant using for machining <br />generates one container full about every three years; a hazardous waste company is called to remove it. <br /> <br />Mayor Adams closed the public hearing at 5:29 p.m. <br /> <br /> <br />