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<br />No ex parte contacts or Gonflicts of interest were declared <br />by Councilors. ~ <br /> <br />Staff notes and minutes were entered into the record. <br /> <br />Public hearing was held with no testimony presented. <br /> <br />CB 1877--Authorizing rezoning of property located on south side of <br />West 3rd Avenue between Adams and Jackson streets from M-2 <br />to R-3 was read by council bill number and title only, there <br />being no Councilor present requesting it be read in full. <br /> <br />Mr. Delay moved, seconded by Ms. Smith, that findings supporting <br />the rezoning as set forth in Planning Commission staff notes and <br />minutes of March 6, 1979, be adopted by reference thereto; that <br />the bill be read the second time by council bill number only, with <br />unanimous consent of the Council; and that enactment be considered <br />at this time. Motion carried unanimously, and the bill was read <br />the second time by council bill number only. <br /> <br />Mr. Delay moved, seconded by Ms. Smith, that the bill be approved <br />and given final passage. Roll call vote. All Councilors present <br />voting aye, the bill was declared passed and numbered 18374. <br /> <br />E. Systems Development Tax: Exemption of Central Business District <br />(Memo, Map, and Ordinance Distributed) <br /> <br />Manager said that this was a further hearing and discussion on the ~ <br />revisions and proposed amendments to the Systems Development Tax. <br />This is an area exemption geographically outlined in Exhibit A <br />attached to the agenda. The area, as proposed, is much reduced <br />from the original proposal. It includes areas zoned for high-density <br />residential and commercial. The exemption will encourage high-density <br />construction. It is within this area that the Council approved a multi- <br />family unit tax exemption. It lies within Fire Zones 1 and 2, which <br />require high building regulations and higher costs of construction. <br />The area includes, in the 1978 Analysis, low-income concentration and <br />substandard building concentrations, some blighted. The primary <br />objective of the Systems Development Tax was to raise money. There <br />arises the question, "How can you raise money when you have exemptions?" <br />(Mr. Henry asked that on page 3 of the memorandum of April 20, attached <br />to the agenda, insert $1,700,505 in the first blank and in the third <br />blank .3 percent.) Thus, very little revenue would be lost in the <br />application of this particular exemption according to the record of <br />Systems Development taxes levied to date. <br /> <br />Public hearing was opened. <br /> <br />Those speaking in favor of the Systems Development Tax exemption of <br />the Central Business District were: <br /> <br />e <br /> <br />4/23/79--6 <br /> <br />2.35 <br />