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REGULAR MEETING DECEMBER 10, 2012
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<br />Councilmember Gavin Ferlic, Vice-Chairperson, Community & Economic Development
<br />Committee, reported that this committee held a Public Hearing on this bill this afternoon and
<br />voted to send it to the full Council with a favorable recommendation.
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<br />Mr. Jeff McGowan, CPA, 210 S. Michigan Street, Suite 200, South Bend, Indiana, made the
<br />presentation for this bill.
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<br />Mr. McGowan advised that Curtis Products, Inc. fabricates metal tubing and related assemblies
<br />for customers engaged primarily in the agricultural industries throughout the United States. He
<br />stated that the equipment to be purchased includes a Socco electric CNC tube blender, a hose
<br />crimping machine, four tank cleaning lines with hoist and automation, a Manchester M78 end
<br />forming machine, a MK2 pillar induction braze machine, and an air compressor 60 HP. The
<br />total cost of the equipment is estimated to be $674,678. He stated that the total new project taxes
<br />for the five (5) year abatement period are estimated at $58,752. Taxes to be abated for five (5)
<br />years would be $6,661. Mr. McGowan stated that per the petition, it is estimated that the project
<br />will create nine (9) new, permanent full-time positions with an annual payroll of $230,000. The
<br />project will maintain 324 permanent full-time and 7 permanent part-time jobs representing an
<br />annual payroll of $10,300,000 for existing employees.
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<br />A Public Hearing was held on the Resolution at this time.
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<br />There being no one present wishing to speak to the Council either in favor of or in opposition to
<br />this Resolution, Councilmember Oliver Davis made a motion to adopt this Resolution.
<br />Councilmember Tim Scott seconded the motion which carried and the Resolution was adopted
<br />by a roll call vote of seven (7) ayes.
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<br />RESOLUTION NO. 4225-12 A RESOLUTION OF THE COMMON COUNCIL OF
<br /> THE CITY OF SOUTH BEND DESIGNATING
<br /> CERTAIN AREAS WITHIN THE CITY OF SOUTH
<br /> BEND, INDIANA, COMMONLY KNOWN AS 3702 W.
<br /> SAMPLE STREET, SUITE 1125 AN ECONOMIC
<br /> REVITALIZATION AREA FOR PURPOSES OF A (5)
<br /> FIVE-YEAR PERSONAL PROPERTY TAX
<br /> ABATEMENT FOR TRIANGLE MACHINE INC.
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<br />WHEREAS, a petition for personal property tax abatement consideration has been filed with the
<br />City Clerk for consideration by the Common Council of the City of South Bend, Indiana,
<br />requesting that the area commonly known as 3702 W Sample Street, Suite 1125, South Bend,
<br />Indiana, and which is more particularly described as follows:
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<br />Parcel of land, North West of North East Section 1637 2E containing 5.4021 2E acres or less.
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<br />and which has Tax Key Number 071-08-16-200-003.000-026 presently, be designated as an
<br />Economic Revitalization Area under the provisions of Indiana Code 6-1.1-12.1 et seq., and South
<br />Bend Municipal Code Sections 2-76 et seq., and;
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<br />WHEREAS, the Department of Community and Economic Development has concluded an
<br />investigation and prepared a report with information sufficient for the Common Council to
<br />determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6-1.1-
<br />12.1, et seq., and South Bend Municipal Code Sections 2-76, et seq., and has further prepared
<br />maps and plats showing the boundaries and such other information regarding the area in question
<br />as required by law; and
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<br />WHEREAS, the Community and Economic Development Committee of the Common Council
<br />has reviewed said report and recommended to the Common Council that the area qualifies as an
<br />Economic Revitalization Area.
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<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana, as follows:
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