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REGULAR MEETING <br />AUGUST 27, 2007 <br />Mr. Don Kratz, 10968 Trayburn, Fishers, Indiana, made the presentation for this bill. <br />Mr. Kratz advised that Imagineering Enterprises, Inc., intends to acquire a vacant 59,000 <br />square foot building at 3722 Foundation Court, South Bend, Indiana. The acquired <br />building will be the processing facility and office of their operation in South Bend. The <br />estimated total cost of the project is $5.1 million with new equipment being installed at a <br />cost of $3.5 million. The processing facility will provide electro less nickel plating, <br />phosphate coatings, passivation processes, non destruction testing and quality assurance <br />testing for client's components as the final step in the manufacturing process. The new <br />equipment for the manufacturing process will include lab equipment, wet processing and <br />phosphate passivation equipment; paint line, NDT equipment, and waste treatment <br />equipment. Mr. Kratz stated that it is estimated that the total project will create six (6) <br />new, permanent, full-time jobs over the next year with an estimated new annual payroll <br />of $190,000. The project will also maintain sixty-nine (69) existing, permanent, full-time <br />jobs and two (2) existing, permanent, part-time jobs representing an annual payroll of <br />$2,687,738. <br />A Public Hearing was held on the Resolution at this time. <br />There being no one present wishing to speak to the Council either in favor of or in <br />opposition to this Resolution, Councilmember Dieter 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 />BILL NO. 07-109 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 2500 GREEN TECH <br />DRIVE AN ECONOMIC REVITALIZATION <br />AREA FOR PURPOSES OF A TEN (10) YEAR <br />REAL PROPERTY TAX ABATEMENT FOR <br />MOTHER EARTH, LLC, GREEN TECH <br />TRANSFER & RECYCLING LLC <br />BILL NO. 07-110 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 2500 GREEN TECH <br />DRIVE AN ECONOMIC REVITALIZATION <br />AREA FOR PURPOSES OF A FIVE (5) YEAR <br />PERSONAL PROPERTY TAX ABATEMENT <br />FOR GREEN TECH TRANSFER & RECYCLING <br />LLC <br />Councilmember Varner made a motion to combine these bills for purposes of Public <br />Hearing. Councilmember Dieter seconded the motion which carried by a voice vote of <br />nine (9) ayes. <br />RESOLUTION NO. 3780-07 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 2500 GREEN TECH <br />DRIVE AN ECONOMIC REVITALIZATION <br />AREA FOR PURPOSES OF A TEN (10) YEAR <br />REAL PROPERTY TAX ABATEMENT FOR <br />MOTHER EARTH, LLC, GREEN TECH <br />TRANSFER & RECYCLING LLC <br />18 <br />