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REGULAR MEETING FEBRUARY 8, 2010 <br /> <br /> <br /> <br />Mr. Duszynski advised that Endeavor Machined Products, Inc. is a new start-up company <br />that plans to begin production in the near future. He stated that they will manufacture <br />precision machined parts for the wind power, petroleum exploration, aerospace and <br />orthopedic industries. The equipment the company intends to procure will be used to <br />manufacture prototype parts to demonstrate their design and production integrity in order <br />to eventually release them for production at the company. The company will fabricate <br />the parts based on their clients’ designs. The equipment to be purchased includes a CNC <br />five axis machining center, a CNC lathe, coordinate measuring machine, general shop <br />equipment, software, computers, office furniture, inspection equipment, a fork lift and an <br />air compressor. The total cost of the equipment is estimated to be $437,500. He noted <br />that total taxes to be abated during the five (5) year abatement period are estimated at <br />$17,618. Total additional taxes to be paid as a result of the project during the five (5) <br />year abatement period are estimated at $12,493. <br /> <br />A Public Hearing was held on the Resolution at this time. <br /> <br />There being no one present wishing to speak to the Council either in favor of or in <br />opposition to this Resolution, Councilmember Varner made a motion to adopt this <br />Resolution. Councilmember Oliver Davis seconded the motion which carried and the <br />Resolution was adopted by a roll call vote of eight (8) ayes. <br /> <br /> <br />BILL NO. 10-06 A RESOLUTION OF THE COMMON COUNCIL <br /> OF THE CITY OF SOUTH BEND <br /> DESIGNATING CERTAIN AREAS WITHIN THE <br /> CITY OF SOUTH BEND, INDIANA, <br /> COMMONLY KNOWN AS 7055 CLEVELAND <br /> ROAD AN ECONOMIC REVITALIZATION <br /> AREA FOR PURPOSES OF A FIVE (5) YEAR <br /> PERSONAL PROPERTY TAX ABATEMENT <br /> FOR PATTERSON LOGISTICS SERVICES INC. <br /> <br />BILL NO. 10-07 A RESOLUTION OF THE COMMON COUNCIL <br /> OF THE CITY OF SOUTH BEND <br /> DESIGNATING CERTAIN AREAS WITHIN THE <br /> CITY OF SOUTH BEND, INDIANA, <br /> COMMONLY KNOWN AS 7055 CLEVELAND <br /> RD. AN ECONOMIC REVITALIZATION AREA <br /> FOR PURPOSES OF UP TO AN EIGHT (8) <br /> YEAR REAL PROPERTY TAX ABATEMENT <br /> FOR PATTERSON LOGISTICS SERVICES, INC. <br /> <br />Councilmember Puzzello made a motion to combine these bills for purposes of Public <br />Hearing. Councilmember Varner seconded the motion which carried by a voice vote of <br />eight (8) ayes. <br /> <br /> <br />RESOLUTION NO. 4013-10 A RESOLUTION OF THE COMMON COUNCIL <br /> OF THE CITY OF SOUTH BEND <br /> DESIGNATING CERTAIN AREAS WITHIN THE <br /> CITY OF SOUTH BEND, INDIANA, <br /> COMMONLY KNOWN AS 7055 CLEVELAND <br /> ROAD AN ECONOMIC REVITALIZATION <br /> AREA FOR PURPOSES OF A FIVE (5) YEAR <br /> PERSONAL PROPERTY TAX ABATEMENT <br /> FOR PATTERSON LOGISTICS SERVICES INC. <br /> <br /> <br />WHEREAS, a petition for personal property tax abatement consideration has been <br />filed with the City Clerk for consideration by the Common Council of the City of South <br /> 8 <br /> <br />