2. Minutes 1/15/10 Meeting - Laserfiche WebLink

Home Browse Search

South Bend Redevelopment Commission Regular Meeting -January 15, 2010 2010. Ms. Ruiz responded that due to the timing of the tax bills in 2009, the 2009 amount was two years' worth of taxes. Upon a motion by Mr. Downes, seconded by Mr. Varner and unanimously carried, the Commission approved Resolution No. 2629 appropriating monies for the purpose of defraying the expenses of certain local public improvements for the fiscal year beginning January 1, 2010, and ending December 31, 2010, including all outstanding claims and obligations, fixing a time when the same shall take effect. (Fund 425, Leighton Retail Space and Courtyard and Wayne St Garage Retail) B. Tax Abatements (1) Resolution No. 2643 approving an application for personal property tax deduction for property in the South Bend Central Development Area (Endeavor Machined Products Inc., 850 S Marietta St.) Mr. Mathia gave the staff report on the project. Endeavor Machined Products, Inc. is a start-up company that plans to begin production in the near future. They will manufacture precision machined parts for the wind power, petroleum exploration, aerospace and orthopedic industries. The equipment the company intends to procure will be used to manufacture prototype parts to demonstrate their design and production integrity in order to eventually release them for production. The company will fabricate the parts based on their clients' designs. The equipment to be purchased includes a CNC five axis machining center, a CNC COMMISSION APPROVED RESOLUTION NO. 2629 APPROPRIATING MONIES FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF CERTAIN LOCAL PUBLIC IMPROVEMENTS FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2010, AND ENDING DECEMBER 31, 2010, INCLUDING ALL OUTSTANDING CLAIMS AND OBLIGATIONS, FIXING A TIME WHEN THE SAME SHALL TAKE EFFECT. (FUND 425, LEIGHTON RETAIL SPACE AND COURTYARD ANb WAYNE $T GARAGE RETAIL) 17