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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting -June 23, 2006 <br />6. NEW BUSINESS <br />A. Tax Abatements <br />() continued... <br />constructed will be a quality building of <br />conventional steel structure, pre-cast hard <br />wall, architectural panels, very similar to the <br />buildings constructed by Schafer Gear Works <br />and Citigroup. About 10,000 square feet of <br />the new building will be office and support <br />space for staff. The layout anticipates <br />eventual expansion to maybe 350,000 square <br />feet. The company is a good company with a <br />very low employee turnover rate. <br />Mr. King commented that this is a terrific <br />project. He asked whether construction will <br />use local contractors and local workers. Mr. <br />Panzica responded that they will be <br />designing and building the facility. The <br />subcontractors will be primarily from this <br />community, seventy percent of the work will <br />go to union trades, and most of the materials <br />will be purchased in the community, except <br />for what cannot be bought locally. <br />Upon a motion by Mr. Hojnacki, seconded <br />by Mr. King and unanimously carried, the <br />Commission approved Resolution No. 2252 <br />approving an application for real property tax <br />deduction for property located at 4747 W. <br />Cleveland Road in the Airport Economic <br />Development Area. (Tuliptree Associates, <br />LLP/PEI-Genesis, Inc.) <br />(2} Commission approval requested for <br />Resolution No. 2255 approving an <br />application for personal property tax <br />deduction for property located at 4747 W. <br />Cleveland Road in the Airport Economic <br />COMMISSION APPROVED RESOLUTION N0.2252 <br />APPROVING AN APPLICATION FOR REAL <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />LOCATED AT 4~4~ W. CLEVELAND ROAD IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA. <br />~TULIPTREE ASSOCIATES, LLP/PEI-GENESIS, <br />INC.) <br />6 <br />