07-14-03 Community & Economic Development

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July 14, 2003 Page 2 Michael Beitzinger, Economic Development Assistant Director, reviewed his July 8, 2003 report (copy attached). Mr. Beitzinger noted that the petitioner is a manufacturer for the trailer industry and produces air pressure reservoirs. The company was incorporated in 1991 and needs new equipment to accommodate the demand for increased productivity. Some of the new equipment includes die tooling equipment, welders,punch presses, etc., with an estimated cost of$ 250,000. Twelve (12) new, permanent, full-time jobs are estimated to be created with a new annual payroll of$ 350,000. The report concluded that the petitioner meets the requirements for a five (5) year personal tax abatement under § 2-84.2 of the South Bend Municipal Code addressing "Tangible Personal Property Tax Abatement". Tom and Sue Kinnucan and William Welsh were present and available for questions. No one from the public spoke in favor or in opposition to Bill No. 03-67. Council Member Kirsits inquired whether the property was located on "Olive Street" instead of "Olive Road". Mr. Kinnucan noted that it should be"Street". The Council Attorney noted that corrections would have to be made to the title and the 1st "Whereas" clause. Mr. Beitzinger stated that he would have a substitute Bill incorporating those corrections ready for this evenings meeting. Following discussion, Council Member Kelly made a motion, seconded by Council Member Kuspa that Bill No. 03-67 as to be corrected be recommended favorably to Council. The motion passed. Council Member King then called for a presentation on Bill No. 03-68 which is a request of the Near Northwest Neighborhood, Inc., for a five (5) year residential real ro the properties located at 1030 Portage Avenue and 919 Leland Avenue. p abatement for Michael Beitzinger, Economic Development Assistant Director, reviewed his July 7, 2003 report (copy attached). Mr. Beitzinger noted Garden Homes plans to construct homes on the properties with the investment ranging from $ 90,000 to$ 100,000 per lot. He noted that the petitioner meets the requirements for a five (5) year residential tax abatement under § 2-77.1 of the South Bend Municipal Code addressing"Single Family Real Property Abatement". Mr. Beitzinger highlighted the response to question 13 on page 2 of the petition which set forth detailed information on the status of the properties in question. Michael Urbanski of Garden Homes made the presentation. He noted that the Near Northwest Neighborhood, Inc., has been working for 4-5 years to upgrade this area. This will be the first project of Garden Homes in this area and that they are very excited about the project. He noted that Karen Ainsley and Carla Haney are also available for questions. Council Member Kirsits inquired whether the current structures would be torn down, and was advised that they would be and replaced with new buildings. It was also noted that a petition is pending before the City's Board of Zoning Appeals regarding set backs. No one from the public spoke in favor or in opposition to Bill No. 03-68. Following discussion,Dr. Varner made a motion, seconded by Council Member Kelly that Bill Community and Economic Development Committee