04-23-18 Council Minutes - Laserfiche WebLink

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REGULAR MEETING April 23, 2018 Mr. Douglas replied, It came into existence in 1956 and has been led by South Bend. Councilmember Tim Scott stated, As a member of South Bend's City Government, I am very proud we have done that and taken that lead. It has taken the County a long time to get up to speed on this. We are glad they are there. If we don't have an Interlocal,we can't hold them accountable. I think the key is having this Interlocal and I think we all, as County residents, have a right to ask for that in their budget as well. This being the time heretofore set for the Public Hearing on the above bill, proponents and opponents were given an opportunity to be heard. Samuel Brown, 222 E. Navarre Street, South Bend, IN, stated, I am a Human Rights Commissioner. I understand by looking at the data and everything. I understand what you're saying. We need this. In order to do this we will still have to get someone to get this data and right now it is not in our budget. Once we do that,we can get that data. Councilmember Karen White is right. I hope you all are kind enough to give him what he wants so we can get this work. I think this is a good thing. Councilmember Gavin Ferlic made a motion to adopt Bill No. 18-17. Councilmember Karen White seconded this motion which carried by a roll call vote of nine (9) ayes. I8-18 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS INTERSECTION OF SAMPLE ST. AND FRANKLIN ST., SOUTH BEND, IN 46601 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN (8) EIGHT-YEAR REAL PROPERTY TAX ABATEMENT FOR FRANKLIN STREET TECHNOLOGY PARK, LLC Councilmember Gavin Ferlic, Chair of the Community Investment Committee, reported that they met this afternoon and send this bill forward with a favorable recommendation. Dan Buckenmeyer, Director of Business Development for the Department of Community Investment with offices located on the 14th floor of the County-City Building, South Bend, IN, served as the presenter for this bill. Mr. Buckenmeyer stated, Good evening. This rendering (referencing a slide in the presentation available in the City Clerk's Office) is an early concept but it is what is proposed on the corner of Sample and Franklin. This will eventually become, after three (3) phases, three (3) buildings divided up for Light Industrial or Tech utilization. The first phase is about 30,000 square feet. It will be divided into 5,000 to 15,000 square foot sections depending on how the rent prospects are looking as it is built. It will be a total $3 million private investment over about four (4) years on land that was purchased from the City's Redevelopment Commission at $84,000. That price was reached by our normal procedure. While there won't be direct jobs, this is a spec building so it will be built for future tenants. We anticipate that at least sixty(60),if not more,jobs will be created or retained in the South Bend area as a result of building this. DCI is recommending an eight(8)year phase-in tax abatement. So the abatement amount will lessen over those eight (8) years and will result in $438,000 of abated taxes with an estimated $137,000 taxes paid in that same period. Ann Hayes, 814 Marietta Street, South Bend, IN, served as the petitioner of this bill. Ms. Hayes stated, I think Dan provided a great overview. Our company has been working with Dan and his team for several months as we worked on this.We hope to start construction on this initial building shortly after closing which should take place in May or June of this year. 6