06-27-88 Council Meeting Minutes

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armA is Section II: Implementation of the plan does not require the budgeting and appropriation of additional funds. Section III: The annexation will not result in the elimination of jobs of employees of another governmental entity. Section IV. This resolution shall be in full force and effect 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 his time. David Norris, a representative of the Economic Development, made the presentation for the resolution. He indicated establishes a policy and the plan outlining the provision of City services to the 100.06 acres of land located at the intersection of Jackson and Ironwood. He indicated Relative Real Estate Management has petitioned the Council, Bill No. 40 -88, to annex the area to the City. Joseph Guentert, 3510 Corby, indicated Fire Station No. 10 was being downgraded and would not have sufficient equipment to cover this area. Council Member Coleman made a motion to adopt this resolution, seconded by Council Member Luecke. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1622 -88 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AUTHORIZING THE MAYOR TO SUBMIT AN APPLICATION TO THE INDIANA DEPARTMENT OF COMMERCE FOR THE STATE INVESTMENT INCENTIVE PROGRAM (BANGOR REFRIGERATION CORPORATION.) WHEREAS, the City of South Bend, Indiana, is dedicated to pursuing economic development through promoting growth of businesses which stimulate the local economy and thereby benefit the people of South Bend as a whole; and WHEREAS, Bangor Refrigeration Corporation project will benefit the local economy specifically by adding 30 new jobs to the area and within two years increasing that level of employment by 10 additional jobs; and WHEREAS, Bangor Refrigeration Corporation has purchased lot 3 -5A in the Airport Industrial Park and needs assistance with the purchase of Machinery and Equipment; and WHEREAS, the Bangor Refrigeration Corporation will require various Machinery and Equipment costing $250,000. The receipt of a State Industrial Development Grant will enable the City of South Bend to finance this project with a $100,000 loan to be matched with a $150,000 loan from the Industrial Revolving Fund of South Bend, IN. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Council hereby establishes the authority of the Mayor of the City of South Bend to submit a State Investment Incentive Program Grant application to the Indiana Department of Commerce for the Bangor Refrigeration Corporation project. SECTION II. This Resolution shall be in full force and effect immediately upon passage by the Common Council of the City of South Bend, Indiana, 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 indicated the Human Resources Committee had met on this resolution and recommended it to the Council favorably. Sherry Shane, Economic Development Specialist, made the presentation for the resolution. She indicated this company manufactures refrigerated display cases for the food industry and environmental laboratories. She indicated they plan to build a new facility costing $750,000, along with purchasing machinery and equipment that will cost $250,000. She indicated the Small Business Administration will assist with the land and construct cost, and the Industrial Revolving Loan Fund will assist in the financing of the equipment. She indicated 40 new jobs will be created over the next two years. Council Member Coleman made a motion to adopt this resolution, seconded by Council Member Luecke. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1623 -88 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 402 -404 EAST SOUTH STREET, SOUTH BEND, INDIANA TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT.