01/24/1977 Meeting - Laserfiche WebLink

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e ~ II-A-S e Public hearing was closed, there being no further public testimony presented. Council bill 1318--Rezoning from R-3 to C-2 SR area located on the south side of Centennial Boulevard east of Coburg Road (Refectory Restaurant) (Z 76-42) was read by Council bill number and title only, there being no Council member present requesting that it be read in full. Mr. Haws moved, seconded by Mr. Hamel that findings as set out in Planning Commission Staff Notes and Minutes of December 7, 1976, be adopted by reference thereto; that the bill be read the second time by Council bill number only, with unanimous consent of the Council; and that enactment be considered at this time. Motion carried unanimously and the bill was read the second time by Council bill number only. Councilman Bradley indicated he was concerned over the change of zoning in the area and wondered if there was a deletion of any land that might be used for residential uses in the future. Mayor Keller indicated that the land actually was not appropriate for residential uses and there was very slight chance that residential uses would be considered in the future. Mr. Haws moved, seconded by Mr. Hamel that the bill be approved and given final passage. Roll call vote: All Council members present voting aye, the bill was declared passed and numbered 17829. J. Amendment to Downtown Development District Ordinance Relating to Taxing Financial Institutions--Manager said that Mr. Flogstad, Finance Adminis- tration Department, had been working in cooperation with the downtown financial institutions for quite some time and felt that a fair system of taxing those institutions had been arrived at. He indicated this ordinance change would enable the City to tax institutions which had previously been exempt. Public hearing was opened. A letter from Mr. Vern Pearson, Vice President of U. S. Bancorp, was read into the record in which an indication was made that a concern with the amendment was the difference in tax rates between the banks and savings and loan associations--that there was no quarrel with the amount of money to be raised by the tax, but there was a strong ob- jection to being taxed at a higher rate on the same base than a com- peting type of financial institution. Charles Roffe, 285 Crest Drive, Vice President and Assistant Manager of First National Bank, said his firm was in agreement with the concept of the downtown parking tax and was in favor of the ordinance in its basic concept, but there were objections in the disparity in the ordinance. He indicated the bank did not understand the basis of the City for making a different rate for savings and loan associations as compared to the banks in its tax base rate, as no such differences were made for retailers and no consideration was made for foot traffic on any other type of parking 1/24/77 - 13 ~9