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03-15-82 Human Resources & Economic Development
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03-15-82 Human Resources & Economic Development
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City Council - City Clerk
City Council - Document Type
Committee Mtg Minutes
City Counci - Date
3/15/1982
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fdnmmttbr arpnrt <br /> Wu the Mammon Until of tlir Titg of 16mrtly rnd: Human Resources and Economic Development <br /> Committee <br /> The March 15 , 1982 meeting of the Human Resources and Economic <br /> Development Committee was called to order by its Chairman, Councilman John <br /> Voorde at 6: 00 p.m. in the Council Meeting Room. <br /> Persons in attendance included: Councilmen Crone, Voorde, McGann, <br /> Szymkowiak, Beck, Zielinski and Dombrowski, Mr. Charles M. Pomeroy, <br /> Marc Bramer, Ann Kolata, and Kathleen Cekanski-Farrand. <br /> Councilman Voorde noted that the purpose of the meeting was to discuss <br /> the personal property tax abatement petition filed by South Bend Toy, Inc. , <br /> which is scheduled for public hearing at tonight's Council meeting. <br /> Councilman Voorde stated that the Redevelopment Commission held a meeting <br /> on February 19th and found that the area did qualify as an urban development <br /> area. The Commission found that the area located at 404 West Sample Street, <br /> met the following criteria: (1) That it had technological and economical <br /> obsolescence and would decline in employment and tax revenue, (2) That the <br /> tangible personal property is to be used in the direct production of other <br /> tangible personal property,and (3) That the community would retain or <br /> increase jobs as a result of this acquisition of new manufacturing equipment. <br /> The projected cost of the equipment would be $106, 154. 00.Without abatement <br /> taxes would be $8, 607. 52; with abatement taxes would be $1, 799 . 39 ; thus the <br /> amount of abatement would be $6, 808. 14. <br /> Mr. Charles M. Pomeroy, treasurer of South Bend Toy, Inc. stated that <br /> the company would manufacture croquette games . He then gave a brief history <br /> on Milton-Bradley leaving and the formation of the new South Bend Toy Co . , Inc. <br /> Councilman Voorde noted that this would be the first Personal property <br /> tax abatement petition considered by the Council since the new State law took <br /> effect. The percentage of abatement over the five year period would be: 100%, <br /> 9570, 8070, 65%,and 5070, <br /> Councilman McGann made a motion seconded by Councilman Crone that the <br /> area commonly known as 404 West Sample Street be designated as a urban <br /> development area for purposes of tangible personal property tax abatement. <br /> The motion passed unaminously. <br /> The Council Attorney and Councilman Voorde expressed their concerns <br /> over the tax abatement ordinance as presently written. They suggested that a <br /> review would be in order in the attempt to separate out what is specifically <br /> required for personal property tax abatement and real property tax. The role <br /> of the Area Plan Commission also questioned for personal property tax <br /> abatement purposes and it was suggested that the Chairman be designated instead <br /> of the full. Commission. <br /> There being no further business to come before the Committee the meeting <br /> was adjourned at 6: 30 p.m. <br /> Respectfully submitted, <br /> John Voorde, Chairman <br /> FRES •R[tt a PUOLISHING CO. <br />
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