04-24-00 Council Meeting Minutes

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REGULAR MEETING APRIL 24, 2000 WHEREAS, notice of the adoption of Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION 1. The Common Council hereby c6fiei s its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Personal Property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION 11. The Common Council hereby determines that the property owner is qualified for and is granted Personal Property tax deduction for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et sea. SECTION 111. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. s /Charlotte Pfeifer Member of the Common Council Mr. Andrew Spalding, President, Parrish MIachine, Inc., 3702 Progress Drive, South Bend, Indiana, made the presentation for this Resolution. Mr. Spalding indicated that Parrish Machine, Inc. is a job shop which employs thirty -five (35) employees for an annual payroll of $1.4 million dollars. They design and build special machines, tools and fixtures and do high - precision, close - tolerance machining of complex piece parts. They anticipate the purchase of a Okum MH -60 Hours horizontal machining center for an approximate cost of three hundred twenty -four thousand dollars ($324,000.00). It is estimated that the project will create three (3) new permanent positions for a new annual payroll of one hundred thousand dollars ($100,000.00) a year. Additionally, thirty -five (35) existing jobs will be maintained for an annual payroll of one million four hundred thousand dollars ($1,400,000.00). A Public Hearing was held on the Resolution at this time. There being no one present wishing to speak to the Council in favor of this tax abatement and no one being present wishing to speak to the Council in opposition to this Resolution, Councilmember Aranowski 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 eight (8) ayes. RESOLUTION NO. 2865 -00 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2102 WEST WASHINGTON STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR BATTEAST WAREHOUSE PARTNERSHIP WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a 1 �i