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Mnttunf to Road <br /> coo the fdomnwn Qlountil of hr Q1tt of Onuill irud: <br /> MEETING OF THE HUMAN RESOURCES <br /> AND ECONOMIC DEVELOPMENT COMMITTEE <br /> The meeting convened at 4:45 p.m. , on December 9, 1991, with <br /> Chairperson Lee Slavinskas and all Council Members present. <br /> Bill No. : Petition for Personal Property Tax Abatement - <br /> Automatic Technologies <br /> John Fonash, of the City of South Bend' s Department of Economic <br /> Development, presented the petition of Automatic Technologies for <br /> 5-year personal property tax abatement. Mr. Fonash noted that no new <br /> jobs would be created but that 210 jobs would be retained. Mr. <br /> Fonash noted that Automatic Technologies was located in a TIF area, <br /> but not in a tax abatement area and that the Redevelopment Commission <br /> had approved the petition at its November 8, 1991, meeting. Mr. <br /> Fonash noted that the estimated tax to be paid without the personal <br /> property tax abatement over the 5-year period in question was <br /> $19,264.00. It was proposed that $15,237. 00 of that amount be abated <br /> for a total tax paid of $4,027. 00. <br /> Mr. Fonash noted that Automated Technologies was working together <br /> with Aquarius Tool and Die, which was also petitioning for tax <br /> abatement. Mr. Fonash noted that Aquarius makes molds which are used <br /> by Automated Technologies to make plastic injection parts. <br /> Mr. Fonash introduced Dick Parker and Larry Deskavich of both <br /> companies. Mr. Parker indicated that the new equipment in question <br /> was needed to upgrade the quality of the product of the plastic <br /> products being made. He indicated that Automatic Technologies was <br /> interested in getting into the medical field where the quality and <br /> precision of plastic parts, such as clear plastic syringes and other <br /> medical equipment, was crucial to the success of a supplier. <br /> Public Portion: <br /> No comments from the public. <br /> Council Portion: <br /> No comments from the Council Members. <br /> Motion to send the petition to the Common Council with a <br /> favorable recommendation made by Councilperson Niezgodski, seconded <br /> by Council Member Duda, and approved unanimously. <br />