06-13-88 Council Meeting Minutes

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M REGULAR MEETING UNE 13. 1988 SECTION II. That 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. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ John Voorde Member of the Common Council A public hearing was held on the resolution at this time. Ernest Szarwark, attorney, made the presentation on the resolution. He indicated that the petitioner Boliden Metech, is a Swedish company based out of Mapleville, Rhode Island. He istated that the tax abatement is needed to purchase equipment to expand the company. The new machinery will be used to process scrap products, such as (electronic circuit boards, so that metal and plastics components can be recycled. The new equipment will permit the company to complete recycling operations now done out of state. The estimated cost of the equipment is $300,000 to $400,000. Joseph Guentert, 3510 Corby, spoke in favor of this resolution. Council Member Niezgodski made a motion to adopt this resolution, seconded by Council member Zakrzewski. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1616 -88 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 105 EAST JFFFERSON BLVD, SOUTH BEND, INDIANA TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, the Common Council of the City of South Bend has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 105 E. Jefferson, South Bend, Indiana and which is more particularly described as follows: Lot 41 and S 1/2 lot 42 O.P. South Bend in the Township of South Bend Portage and the county of St. Joseph, in the State of Indiana. as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a 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 I. That the Common Council hereby confirms 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 II. That the Common Council hereby determines that the property owner is qualified for and is granted personal property tax deduction for a period of ten (10) years. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ John Voorde Member of the Common Council A public hearing was held on the resolution at this time. Council Member Luecke made a motion to amend this resolution in Section I, by adding ten years, seconded by Council Member Slavinskas. The motion carried. Jonathan Barris, Developer, Barris - Guren, 4700 Rockside Rd., Suite 635, Independence, Ohio 44131, made the presentation on the resolution. He indicated that the former Sherland Building will now be known as 105 Jefferson Centre. He indicated that the plans call for a new first floor facade of dark green marble or similar material, as well as refurbishing of the lobby and corridors. He indicated that the upper part of the building will be tan, with bronze - tinted windows and a new entrance on Michigan Street in addition to the main entrance on Jefferson Blvd. Council Member Zakrzewski made a motion to adopt the resolution, as amended, seconded by Council Member Luecke. The resolution was adopted by a roll call vote of nine ayes.