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REGULAR MEETING AUGUST 11, 2003 <br />SECTION IV. The Common Council determines that such designation is for personal property tax <br />abatement only and shall be limited to two (2) calendar years from the date of the adoption of this <br />Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the property owner is qualified for and <br />is granted property tax deduction for a period of five (5) years. <br />SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption of this <br />Declaratory Resolution for Personal Property Tax Abatement to be published pursuant to Indiana <br />Code 5 -3 -1, said publication providing notice of the public hearing before the Common Council on <br />the proposed confirming of said declaration. <br />SECTION VII. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayor. <br />s /Karen L. White <br />Member of the Common Council <br />Councilmember King, Chairperson, Community and Economic Development Committee, reported <br />that this committee held a Public Hearing on this bill this afternoon and voted unanimously to send <br />it to the full Council with a favorable recommendation. <br />Mr. Mark Witucki, 12255 Saddlehorn Court, made the presentation for this bill. <br />Mr. Witucki advised that this tax abatement is for capital equipment that will cost $2.6. The project <br />will provide Mann +Hammel with additional capacity for its contracts with General Motors <br />Corporation. In addition to hiring ten (10) full time employees they will also use local contractors <br />for installation. <br />A Public Hearing was held on the Resolution at this time. <br />There being no one present wishing to speak to the Council either in favor of or in opposition to this <br />Resolution, Councilmember Aranowski made a motion to adopt this Resolution. Councilmember <br />Kelly seconded the motion which carried and the Resolution was adopted by a roll call vote of nine <br />(9) ayes. <br />RESOLUTION NO. 3225 -03 A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN <br />AREAS WITHIN THE CITY OF SOUTH BEND, <br />INDIANA, COMMONLY KNOWN AS 3605 W. <br />CLEVELAND ROAD AN ECONOMIC REVITALIZATION <br />AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL <br />PROPERTY TAX ABATEMENT FOR FEDERAL -MOGUL <br />POWERTRAIN, INC. <br />WHEREAS, a petition for personal property tax abatement consideration has been filed with <br />lo.L F — 1,,, +i.e r .,,.,...,. r ,,,,, ,;1 .,F +U— r;+. „F Q-4, Do„a T,,.a.,,,., <br />