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REGULAR MEETING MAY 24, 2010 <br /> <br /> <br /> <br /> <br /> <br /> <br />SECTION VII. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approval by the Mayor. <br /> <br /> <br /> s/Derek D. Dieter <br /> Member of the Common Council <br /> <br /> <br />Councilmember Rouse, Chairperson, Community and Economic Development <br />Committee, reported that this committee held a Public Hearing on this bill this afternoon <br />and voted to send it to the full Council with a favorable recommendation. <br /> <br />Mr. Nevin Siqueira, President, Value Production, Inc., 2629 Foundation Drive, South <br />Bend, Indiana, made the presentation for this bill. <br /> <br />Mr. Siqueira advised that Value Production is a modern production machining facility. <br />He stated that they provide one-stop shopping for design, prototypes, and production, and <br />it is an ISO 9001:2000 certified company. He stated that they have been in business <br />since 2000 and manufactures products for use in the aerospace, automotive, medical, and <br />commercial markets. The company will purchase a new, Swiss lathe, 2 Mazak horizontal <br />machining centers and a pallet control center for their custom manufacturing needs. He <br />noted that the project will invest $1,500,000. Mr. Siqueira advised that they currently <br />have 26 employees; 25 full time; 1 part-time; of that 1 African American; 3 Hispanic; 4 <br />Asian. Of the 26 employees 6 are female and 20 are male. <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 Puzzello made a motion to adopt this <br />Resolution. Councilmember Varner seconded the motion which carried and the <br />Resolution was adopted by a roll call vote of nine (9) ayes. <br /> <br /> <br />BILLS – FIRST READING <br /> <br />BILL NO. 25-10 FIRST READING ON A BILL OF THE <br /> COMMON COUNCIL OF THE CITY OF SOUTH <br /> BEND, INDIANA, AMENDING VARIOUS <br /> SECTIONS OF CHAPTER 2, ARTICLE 6 OF <br /> THE SOUTH BEND MUNICIPAL CODE <br /> PERTAINING TO TAX ABATEMENTS <br /> <br />This bill had first reading. Councilmember Rouse made a motion to refer this bill to the <br />Community and Economic Development Committee and set it for Public Hearing and <br />Third Reading on June 28, 2010. Councilmember Oliver Davis seconded the motion <br />which carried by a voice vote of nine (9) ayes. <br /> <br /> <br />BILL NO. 26-10 FIRST READING ON A BILL OF THE <br /> COMMON COUNCIL OF THE CITY OF SOUTH <br /> BEND, INDIANA AMENDING VARIOUS <br /> SECTIONS OF CHAPTER 17, ARTICLE 2, OF <br /> THE SOUTH BEND MUNICIPAL CODE TO <br /> ADJUST SEWER RATES AND CHARGES <br /> INCREMENTALLY THROUGH 2013 <br /> <br />This bill had first reading. Councilmember Oliver Davis made a motion to refer this bill <br />to the Utilities Committee. No date was set for the Public Hearing. <br /> 8 <br /> <br />