06-12-95 Community & Economic Development

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r � Committee Report Community and Economic Development June 12, 1995 Page 2 The first Bill is for Baker Rubber Inc. and the second request is for STI-K Polymers America Inc. Mr. mike Beitzinger reviewed the report for both companies date May 23, 1995 (copy attached) which concluded that the petitions both meet the five year Personal Property Tax Abatement criteria of Section 2-84.2 of the South Bend Municipal Code . Mr. Mark Barker then provided hand-outs to the Committee (copy attached). He noted that there would be 26 new jobs created. In response to a question raised by Council Member Luecke he noted that there would be no environmental concerns and in response to a question raised by Council Member Ladewski that there would be no storage concerns. Council Member Kelly noted that the companies are fine corporate citizens and spoke in favor of the Bill. Following discussion, Council Member Puzzello made a motion, seconded by Council Member Zakrzewski that Bill Nos. 95-45 and 95-46 be recommended favorably to Council.The motion passed. The Committee then reviewed Bill No. 95-47 which is a six year Real Property Tax Abatement request for the property located at the Southeast corner of Garst Street and Lafayette Blvd. Mr. Mike Beitzinger reviewed the report date May 26,1995 from the Community and Economic Development Department(copy attached)which concluded that the petitioner meets the six year Real Property Tax Abatement criteria of Section 2-82.1 of the South Bend Municipal Code. Mr. Dennis Reiner provided further information with regard to Midwest Machine Products Inc. He noted that currently that they have 7 full-time employes and that this would raise to 10 employees if the tax abatement is granted. Following discussion, Council Member Zakrzewski made a motion, seconded by Council Member Puzzello that Bill No. 95-47 be recommended favorably to Council. The motion passed. The Council Attorney then noted that state law has amended the tax abatement procedures regarding companies determined to be operating as Organic Resources. She noted that a resolution would be coming to the Common Council very shortly to address one local company's concerns in this area. She further noted that action by the Common Council for all such companies must be taken by July 1, 1995. There being no further business the meeting was adjourned at 4:35 P.M. Respectfully submitted, Council Member Roland Kelly, Chairperson Community and Economic Development Attachments