07-27-87 Human Resources & Economic Development

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Minutes/Human Resources and Economic Development Committee July 27, 1987 Page 3 - That present Section IV be renumbered V and that new Section IV read as follows: The abatement deduction shall be for six (6) years. This determination was made under the authority of I.C. , 6-1.1- 12 . 1-3 . Following further discussion by the Committee, Councilman Puzzello made a motion, seconded by Councilman Taylor, that the amended version of Resolution No. 87-65 be recommended favorably to Council. The motion passed. The Committee then reviewed Resolution No. 87-69 which would authorize the Mayor to submit an application to the Indiana Department of Commerce for a State Industrial Development grant on behalf of Intracomp , Inc . Sherry Shane gave a brief description of the petition. She noted that they were seeking a $75 , 000 grant from the State which would be matched by the City as follows: $37,500 from the City of South Bend, Indiana; and $37,500 from the Industrial Fund She noted that the monies would be used for street , water and sewer improvements in the Industrial Park Phase IV for improve- ments along Point Meridian Drive. She further indicated that Intracomp , Inc. was located within South Bend but primarily had export sales outside the South Bend area. Approximately thirty (30) new jobs would be created at the facility. Following further discussion, Councilman Taylor made a motion, seconded by Councilman Beck, that Resolution No. 87-69 be recommended favorably to Council. Under miscellaneous business, Councilman Braboy indicated that the 1988 Community Development Block Grant application (copy attached) should be reviewed by the Committee. Elizabeth Leonard was available for review and comments. However, in light of the late hour and the upcoming Council meeting, there was not sufficient time to review the grant application in detail.