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South Bend Redevelopment Commiss.1e11 <br />Regular Meeting — August 3, 2007 <br />United Drive in the Airport Economic <br />Development Area. (Nelson Dee, LLC <br />United Beverage) <br />Mr. Schalliol gave the staff report on the <br />proiect. United Beverage has beers a beer <br />wholesaler for 75 years. They have been at <br />their current location for 40 years. The <br />market for beer has been shifting from can <br />to bottles, so they reed to expand their <br />storage capacity. They want to acid <br />15,000 sft to their warehouse space. The <br />estimated value of the project is $2,500,000. <br />Taxes to be abated during the ten -year <br />ab temcnt are estimated at $424,000. The <br />amount of new taxes expected to be paid <br />during that time is $432,000. The project is <br />estimated to create between five and seven <br />new jobs over the first five years. Sixty -three <br />existing Jobs will also be retain ed with an <br />annual payroll of $3.2 million. <br />Mr. Downes made a motion to approve <br />Resolution No. 2357 approving an <br />application for real property tax dedLICtxon <br />for property located adjacent to 840 United <br />Drive in the Airport Economic Development <br />Area. Mr. King seconded the motion.. The <br />motion passed on a vote of four to one with <br />Mr. Pcczkowski. opposed. <br />(6) Commission approval requested for <br />Resolution No. 2360 approving an <br />application for personal property tax <br />deduction for property located at 2722 W. <br />Tucker Dr. in the .Airport Economic <br />Development Area. (Steel Warehouse) <br />Mr. Schalhol gave the staff report on the <br />project. Steel Warehouse is applying for <br />three abatements. One at 2722 Tucker Drive, <br />one at 1400 Riverside Drive and one at 1217 <br />1i <br />COMM ION APPROVFi) RF.S0 LtY1"10N No. 2357 <br />APPROVING AN APPIK'1'A'FIOI FOR REAL, <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />LOCATED A.DJAC H'NT T 840 UNITED DRIVE IN <br />THE A.I.RPORfr ECONOMic DEVELOPMENT AREA.. <br />(NELSON Da, LLC UNITED BEVERAGE) <br />;E <br />