Report of the Committee-of-the-Whole Meeting of February 13, 2017

Class 6b Tax Abatement Program

Trustee Scaletta moved, seconded by Trustee Glasgow, that the Committee-of-the-Whole recommend to the Village Board continued use of this program and continued funding from Class 6b applicants, subject to the following modifications:

• Modify the Village's criteria to eliminate the requirement for 10 Arlington Heights employees and include in the application that "the applicant should outline efforts to reach out to Arlington Heights residents, regarding future employment opportunities."

• Modify the Class 6b remittance agreement (10% of the tax savings annually to the Village during the first 5 years of the tax abatement) as follows: the Village will place these funds into the zero interest loan program or other economic development activities as may be approved by the Village. The motion passed with Trustees Blackwood, Glasgow, LaBedz, Scaletta, Sidor, and Mayor Hayes voting aye and Trustee Rosenberg voting no.