08-25-03 Council Meeting Minutes

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REGULAR MEETING AUGUST 25, 2003 SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. s/Karen L. White Member of the Common Council Councilmember King, Chairperson, Community and Economic Development Committee, reported that this committee held a Public Hearing on this bill this afternoon and voted to send it to the full Council with a favorable recommendation. Mr. F. James Hammer, President and CEO, Imagineering Enterprises and Managing Member, Imagineering Properties, no address given, made the presentation for this bill. Mr. Hammer advised that this project requires construction of a fifty thousand (50,000) square foot building and purchase of new equipment to be erected on an 8.7 acre tract at 4521 Nimtz Parkway. The estimated cost of the project is $4 million and will include a processing facility and offices for operations in South Bend. This project will create six (6) new permanent jobs within the first year with an annual additional payroll of one hundred ninety thousand ($190,000.00) and will maintain fifty -two (52) existing permanent full time and two (2) existing permanent part-time jobs with an annual payroll of over $1.8. A Public Hearing was held on the Resolution at this time. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution, Councilmember Coleman made a motion to adopt this Resolution. Councilmember Varner seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. RESOLUTION NO. 3237 -03 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 533 SOUTH CHAPIN STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR THE SOUTH BEND REDEVELOPMENT COMMISSION FOR THE BENEFIT OF: ROSE FUEL & MATERIALS, INC. WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area commonly known as 533 South Chapin Street, South Bend, Indiana, and which is more particularly described as follows: That part of the Southeast and Southwest Quarters of Section 11, Township 37 North, Range 2 East, Portage Township, City of South Bend, St. Joseph County, Indiana .