09-12-94 Community & Economic Development

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atommitttt .sport: Community and Economic Development to the Common tountil of the City of boutb 3140: The September 12, 1994 meeting of the Community and Economic Development was called to order by its Chairperson, Council Member Roland Kelly, at 4:45 in the Council informal meeting room. s dd Council Luecke, ,Duda, man, ZakrzewskiPerson, Ladewskiin atten,ance Washingtoninclude, and Puzzello;Members:Dave StopczynskiKelly, John PettyColecord, Kevin Hughes, William Eagan, Mike Beitzinger, Dick Monagle, Robert Walton, John Broden,Robert Tezlaff,Terry Bland, and Kathleen Cekanski-Farrand. The Committee then Resolution No. 94-85 which is a resolution for a five year Personal Property Tax Abatement for the property located at 3605 West Cleveland Rd.Mr. Mike Beitzinger reviewed the Memorandum dated August 13, 1994 noting that the request for Aegoetze Inc. formally known as A.E. Piston Products Inc. meets all of the Tax Abatement requirements(copy attached). Mr. Richard Monagle stated that the program is going very well and that the expansion will create 144 new jobs by the new equipment. Council Member Luecke praised the company and stated that the building looks terrific. He stated that taxes paid by this petitioner in 1992 were approximately $172,000.00, in 1993 approximately $247,00.00 and in 1994 approximately $345,000.00. $ PP Council Member Ladewski questioned manpower and Mr. Monagle indicated that machinist are the most difficult positions to fill and that they seek employment from a forty mile radiance. Council Member Coleman questioned Mr. Stopczynski and was informed that the ar ea provides good employees and that in light of Ford going outside of the industry for . ' h position at the right nme. Council Member nhen t is the piston parts that their company g p Kelly praised the company. Ther e being no further disc ussion, C o uncil Member Luecke made a motion, seconded by b Council Member Ladewski that Resolution No. 94-85 be recommended to Council.The motion passed. li The Committee then reviewed Resolution No. 94-86 which is a three year Real Property Tax Abatement for the property located at 2525 North Foundation Drive. Mr. Mike Beitzinger reviewed the Memorandum dated August 29, 1994 noting that the proposed abatement request meets all of the local requirements(copy attached). h petitioner made the presentation. He stated Mr. John Pettycord the Attorney fort e p P that the abatement would allow the addition of two employees. He noted that the petitioner currently owns his own his own industrial park outside of New Carlisle, however with Tax Abatement incentives and other incentives the petitioner decided to remain in South Bend. Following discussion, Council Member Ladewski, seconded by Council Member Luecke, that Resolution No. 94-86 be recommended favorably to Council. The motion passed.