He stated as program income comes in, they may be able to adjust these amounts. Mayor Furness questioned if the Pioneer developers are aware of the decrease in funding. Mr. Gilmour replied yes, they will seek additional funds from the State. He further stated the request for the City Commission to reconsider funding this project will be on the City Commission Agenda Monday night. Second by Mayor Furness.
All Members present voted aye and the motion was declared carried.
House Bill No. 1492 provides for renaissance zones in cities and provides tax exemptions and credits for investments in renaissance zones. House Bill No. 1456 provides tax exemptions for new industries and improvements to commercial and residential buildings. Mayor Furness commended Jim Gilmour on the great job he did on these bills.