04-23-90 Human Resources & Economic Development

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,t Human Resources and Economic Development April 23, 1990 Page 2 Following further discussion Council Member Voorde made a motion, seconded by Council Member Zakrzewski, that Resolution No. 90-21 be recommended favorably to Council. The motion passed. The committee then reviewed Resolution No. 90-20 which is a six year real property tax abatement request for 3-G Properties for the property known as 1111 South Main Street. Hedy Robinson then reviewed the report prepared by the Department of Economic Development date April 19, 1990 and briefly summarized the project description, real property tax abatement schedule, and the attached petition (all of which are attached hereto) . She also noted that the petitioner meets Municipal Code Section 2-82 with regard to qualifying for the real property tax abatement. She also noted that Resolution No. 931 approving the application for real property tax deduction was approved by the South Bend Redevelopment Commission on April 120, 1990 (copy attached) . Lee Slavinskas, one of the partners of 3-G Properties then provided additional information to the Committee. He noted that he was in the process of filing a conflict of interest statement with the City Clerk and other appropriate governmental officials in light of his ownership interests and holding a City Council position. He also noted that although it is his understanding that he could vote on the matter, that he will decline and abstain from official action on the tax abatement request. He stated that the total project cost will be. approximately $180,000.00. River Bend Hose started approximately nine years ago and currently has 8100 square feet and leases an additional 20,000 square feet. With the expansion of an additional 6100 square feet being added to their existing building, the company will continue to rent 10, 000 square feet elsewhere. He also noted that they are currently up to 15 employees and will add 2 additional employees. Council Member Luecke stated that the project is similar to Art Iron and CTDI where assembly or manufacturing results in added value to the final product. The specific SIC Codes involved include 3050, 5008, and 3550. Council Member Niezgodski noted that Mr. Slavinskas is involved in the Urban Enterprise Association, has hired employees from the area, and is current with his assessment.