04-24-92 Human Resources & economic Development

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• • Human Resources and Economic Development Committee April 24, 1992 Page 3 Council Member Ladewski noted that in 1989 there we over two hundred (200) layoffs with Toro and that hopefully with the new line of manufacturing on board that this would help offset the bad publicity experienced then. Council President Luecke noted that in his opinion this Petitioner qualifies for a ten (10) year real property tax abatement. He stated that in light of the economic obselence, the other plant closings, the new jobs which would be created and the fact that local suppliers would be used that the request for the ten (10)year is reasonable. He recommended that the Council Attorney prepare the necessary findings. The Council Attorney suggested that the Committee Meeting be continued until Tuesday so that the Committee could take formal action pursuant to Section 2-84 of the Municipal Code of the City of South Bend on this request. Following further discussion Council Member Slavinskas made a motion seconded by Council Member Washington that amended Resolution No. 92-27 (5)Five Year Personal Property Request be recommended favorably to Council. The motion passed. Following further discussion Slavinskas made a motion seconded by Council Member Washington that the Human Resources and Economic Development Committee recess until Tuesday, April 28, 1992 and reconvene at 3:15 p.m. to have further discussion on Resolution No. 92-26 regrading the Ten (10) Year Tax Abatement request for Toro and other miscellaneous matters. The motion passed. The Committee meeting was recessed at 5:45 p.m. Respectfully submitted, Roland Kelly, Chairperson Human Resources and Economic Development Committee. att.