12-08-03 Council Meeting Minutes

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REGULAR MEETING DECEMBER 8, 2003 components that go into heavy duty semi truck transmissions. He noted that eight (8) of every ten (10) trucks have Adapto parts in them. The ten (10) new jobs that will be created will have average wage of over thirteen dollars ($13.00) per hour and a full benefits package. Mr. Dockery stated that they are organized under the Teamsters Union Local #364 and are proud of their minority employment of over thirty eight per cent (38 %). A Public Hearing was held on the Resolution at this time. The following individuals spoke in favor of this bill. Mr. John Brown, 206 East Jennings Avenue, South Bend, Indiana, advised that he worked at Adapto for twenty (20) years and seventy per cent (70 %) of their associates live within the South Bend community and that is a plus with the additional training and the skills that they provide. He asked that the Council favor this request. Mr. Jeff McGowan, CPA, Kruggel Lawton, 17525 Auten Road, Granger, Indiana, stated that the Memorandum of Agreement that was discussed in the committee meeting this afternoon has been signed and all of the components of that Agreement have been agreed to with the Petitioner and the Council. Mr. McGowan stated that this project will provide a significant boost to local contractors and as part of the abatement process they acknowledge that close to one hundred thousand dollars ($100,000.00) will be allotted to local contractors working on the job. He noted that in the mathematics of the property tax abatement, the abatement is really a reduction in taxes and not a full waiver over the five (5) year period. Over the five (5) years of the abatement the Petitioner on just these $1.6 million dollars ofproperty will pay approximately fifty six thousand dollars ($56,000.00). Going forward in the future, that $1.6 million dollars of equipment will generate approximately twenty thousand five hundred dollars ($20,500.00) ofproperty taxes for this area. This is in addition to the already twenty five thousand dollars ($25,000.00) in annual property taxes that Adapto also makes. Mr. McGowan requested a positive vote on this bill. There was no one else present wishing to speak in favor of this bill and there was no one present wishing to speak in opposition to this bill. Councilmember Pfeifer made a motion to adopt this Resolution. Councilmember Coleman seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. SUSPENSION OF RULES TO ADD BILL NO. 03 -140 Councilmember King requested that the Council take special action with respect to a Resolution that time prevented from being filed by the Wednesday noon filing deadline and hear the Resolution this evening. He noted that this will require that the Council suspend its rules for the purpose of hearing this Resolution which can only be done by a unanimous vote of the Council. Therefore, Councilmember King made a motion to suspend the rules for the purpose of hearing Resolution 03- 140. Councilmember Kelly seconded the motion which carried by a roll call vote of nine (9) ayes. RESOLUTION NO. 3281 -03 A RESOLUTION OF THE COMMON COUNCIL OF THE (BILL NO. 03 -140) CITY OF SOUTH BEND, INDIANA ENCOURAGING EXTENSION AND RENEWAL OF "THE TRANSPORTATION EQUITY ACT FOR THE 21ST CENTURY" (TEA -21) WHEREAS, TEA -21 is a Federal Act that has provided guidelines and funding for public works transportation projects; and WHEREAS, TEA -21 expired on September 30, 2003, and the United States Congress has given TEA -21 an extension of five (5) months in order to review transportation legislation options; and -34-