08/27/07 Council Meeting Minutes

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REGULAR MEETING AUGUST 27, 2007 SECTION IL The Common Council hereby determines and finds that the proposed new manufacturing equipment can be reasonably expected to yield the benefits identified in the Statement of Benefits as set forth in Sections 1 through 3 of the Petition for Personal Property Tax Abatement Consideration and that Statement of Benefits form completed by the petitioner, said form being prescribed by the State Board of Accounts, are sufficient to justify the deduction granted under Indiana Code 6-1.1-12.1-4.5. SECTION III. The Common Council hereby accepts the report and recommendation of the Department of Community and Economic Development, and the Community and Economic Development Committee's favorable recommendation, that the area herein described be designated as an Economic Revitalization Area for purposes of personal property tax abatement and hereby makes such a designation. SECTION IV. The Common Council determines that such designation is for personal property tax abatement only and shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VL The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Personal Property Tax Abatement to be published pursuant to Indiana Code 5-3-1, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s/Timothy A. Rouse Member of the Common Council Mr. Mike Morris, Green Tech Transfer & Recycling, LLC, 1420 S. Walnut St. South Bend, Indiana, made the presentation for this bill. Mr. Morris advised that Green Tech Transfer & Recycling LLC/Mother Earth, LLC are proposing to develop a 10.05 acre Brownfield Development site as astate-of--the-art trash recycling/transfer facility. The site is currently owned by St. Joseph County because of back property tax collection issues with the site. It will be purchased by Mother Earth and leased to Green Tech. The project is on the former Studebaker Plant 8 site off of Ewing Avenue. The prior decaying building on the site if being 98% recycled upon deconstruction. Anew 52,800 square foot processing facility will be constructed. The estimated cost of the new building, driveways and storage infrastructure is $1,608,000. The amount of waste that will be converted annually in the facility is estimated at 8,400,000 pounds. Material brought to the transfer station will be unloaded onto the tipping floor, inspected and sorted. Recyclable material will be moved to automatic and manual sorting conveyor and baler systems to be processed and marketed. Non- recyclable material will be transported to approved landfills. Green Tech will own the equipment that will be used in the facility. Mr. Morris stated that it is estimated that the total project will create nine (9) new, permanent, full-time jobs and zero (0) part-time, permanent jobs within the first year representing a new annual payroll of $217,256. The project is developing a completely new facility and, therefore, does not have any existing employees. A Public Hearing was held on these Resolutions at this time. There was no one present wishing to speak to the Council either in favor of or in opposition to these Resolutions. 22