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08-03-07 Redevelopment Commission Minutes
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08-03-07 Redevelopment Commission Minutes
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8/3/2007
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08-03-07 Redevelopment Commission Agenda
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South Bend Redevelopment Commission <br />Regular Meeting –August 3, 200' <br />Foundation Court in the Airport Economic <br />Development Area. Mr. Downes seconded <br />the motion. The motion carried on a vote of <br />four to one with Mr. l ec l owski opposed. <br />(3) Commission approval requested for <br />Resolution No. 2355 approving an <br />application for real property tax deduction <br />for property located at 5855 Carbonmill <br />Dr. In the Airport Economic Development <br />Area. (GWSB—Corporate Services, lessee) <br />Mr. Schalliol gave the staff report on the <br />project. GWSB owns the property and leases <br />to Corporate Services. The building is not air <br />conditioned. Corporate Services provides <br />print materials and needs a climate controlled <br />environment. So the project.].s to install a <br />new HVAC system to control humidltyfor <br />the tenant, Corporate Services. The <br />estimated cost is $300,000 to $500,000. The <br />project qualifies for six years of abatement <br />tinder the tax abatement ordinance. The <br />amount to be abated would be $36,944 to <br />$60,157, depending on the ultimate project <br />cost. Taxes to be paid would be $25,430 to <br />$42,380. The project is expected to create <br />eighteen permanent full- -tine obs in the first <br />year w1th an annual payroll of $465,000 and <br />will maintain six existing full -tine jobs with <br />an annual payroll of $1 56,000. <br />1r. Downes made a notion to approve <br />Resolution No. 2355 approving an <br />application for real property tax deduction <br />for property located at 5855 Carbonrnxll Dr. <br />in the Airport Economic Development Area. <br />Mr. Ding seconded the motion. The motion <br />passed on vote of four to one with Mr. <br />Pec kows i opposed. <br />(4) Commission approval requested for <br />X <br />I A I EERING <br />COMMISSION APPROVED RESOLUTION No. 2355 <br />APPROVING AN APPLICATION FOR REAL <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />LOCATED AT 5 85 5 C R C NM ii-i_ DR. 1N TH E <br />AIRPORT ECONOM i ` DEVELOP EM, AREA. <br />WB, CORPORATE SEIMCES, LESSEE) <br />
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