Minutes

Special Bd. of Aldermen — 03/6/2018 Page 9

Alderman Lopez

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Director Cummings

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It is a tool that you can use to help close gaps and projects as talked about and really help make projects
pencil which means that you can help make them actually finance and come to fruition. The ultimate goal is to
try to increase your tax base, try to increase jobs, try to stabilize neighborhoods.

Special Bd. of Aldermen — 03/6/2018 Page 5

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Everyone was afraid. We didn’t go out at night. You didn’t send your children to play to the school because
they sat on the playground and sold drugs. | could watch them from my home and they were not shy about it.
There were thugs and thieves roaming the streets. You didn’t leave anything in your yard because it wouldn’t
be there the next day and you didn’t leave your cars unlocked.

Special Bd. of Aldermen — 03/6/2018 Page 3

We needed to be able to have those TIF dollars available to actually attract them here and the promises that
were made to invest those TIF dollars back into infrastructure improvements not only for them to establish
themselves here but also for future growth. Indiana Packers is actually in excess of 67 percent of water and
wastewater utilities.

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Indiana’s YouTube video. “A city’s heart: bridges, tree-lined trails, emerald green parks, industry and
commerce, the unseen that hangs below, water, warmth, power all made possible by one common economic
thread — tax increment financing. A vibrant and independent community holds itself up by its bootstraps.
How? By skillfully obtaining funds to fortify growth and quality of life. Bootstrapping happens with tax
increment financing.

A special meeting of the Board of Aldermen was held Tuesday, March 6, 2018, at 7:02 p.m. in the
Aldermanic Chamber.

Vice President Brian S. McCarthy presided; City Clerk Patricia D. Piecuch recorded.
Prayer was offered by City Clerk Patricia D. Piecuch; Alderman Tom Lopez led in the Pledge to the Flag.

The roll call was taken with 13 members of the Board of Aldermen present; Alderman-at-Large Brian S. McCarthy
Alderman at-Large Michael B. O’Brien, Sr. and Alderman Jan Schmidt arrived after roll call at 7:078 p.m. and 7:27
p.m., respectively.

Special Board of Aldermen 03-14-2018 Page 13
Alderman O’Brien