11-13-00 Council Meeting Minutes

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REGULAR MEETING NOVEMBER 13, 2000 SECTION IV. The Common Council hereby accepts the report and recommendation of the Community and Economic Development Committee that the area herein described be designated as an Economic Revitalization Area and hereby adopts a Resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of ten (10) years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6- 1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s /Charlotte Pfeifer Member of the Common Council Councilmember Kelly reported that the Community and Economic Development Committee met on this bill and recommends this Resolution to the Council favorably. Mr. Richard Deahl, Barnes & Thornburg, 600 1" Source Center, 100 North Michigan Street, South Bend, Indiana, representing Mr. Robert Strzelecki, made the presentation for this Resolution. Mr. Deahl indicated that Lock Joint Tube is requesting this tax abatement to add on approximately fifty -one thousand (51,000) square feet to their existing facility. This will add two (2) new shipping bays and will allow for some efficiency in production and materials handling. The total investment to be made is estimated at $1.4 to $1.8 million dollars. This project will also create two (2) new full - time positions representing an annual payroll of fifty thousand dollars ($50,000.00) and will maintain two hundred forty -six (246) full time positions representing an annual payroll of $8.8 million dollars. Mr. Deahl noted that Mr. Strzelecki was present to answer any questions the Council may have concerning this tax abatement. 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 Kelly 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. RESOLUTION NO. 2951 -00 A RESOLUTION OF THE SOUTH BEND COMMON COUNCIL AUTHORIZING THE TEMPORARY TRANSFER OF IDLE FUNDS FROM THE WATER WORKS CAPITAL FUND ( #622) TO THE WATER WORKS LEAK INSURANCE FUND ( #644) WITHIN THE CIVIL CITY OF SOUTH BEND, INDIANA WHEREAS, it is necessary to provide funds for the Water Works Leak Insurance Fund No. 644, in order to meet the current operating expenses; and WHEREAS, there are monies on deposit to the credit of the Water Works Capital Fund No.