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South Bend Redevelopment Commission <br /> Regular Meeting—March 27, 2014 <br /> 6. NEW BUSINESS (CONT.) <br /> B. Airport Economic Development Area <br /> (3) continued... <br /> additional update to the Commission once proposals are received. This is the first step in <br /> developing a strategy for the asset moving forward. <br /> Mr. Varner asked how much the capital requests amount to. Mr. Zeeb responded <br /> approximately$750,000 over a five year period. <br /> Mr. Downes asked if Kitson&Partners had an appraisal done around the time they took <br /> over management of the course. Mr. Zeeb responded that it wasn't an official appraisal. <br /> C. West Washington-Chapin Development Area <br /> There was no business in the West Washington-Chapin Development Area. <br /> D. South Side Development Area <br /> There was no business in the South Side Development Area. <br /> E. Northeast Neighborhood Development Area <br /> There was no business in the Northeast Neighborhood Development Area. <br /> • <br /> F. Douglas Road Development Area <br /> There was no business in the Douglas Road Development Area. <br /> 7. PROGRESS REPORTS <br /> Tax Abatement: Mr. Fielding noted that the Common Council passed a designating resolution for <br /> tax abatement for the following companies at its March 25 meeting. Confirming resolutions will be <br /> considered on April 14. <br /> (1) Lippert Components went for a two-year vacant building abatement under the state <br /> statute. They committed to 380 jobs over the next ten years with 180 to be created by the end of <br /> 2014. <br /> (2) Lock Joint Tube is expanding its plant by adding 30,000 sft and seven additional jobs. <br /> They are asking for a five year abatement. <br /> (3) Noble Americas Ethanol LLC,the new owner of the ethanol plant,is asking for both a <br /> real and personal abatement. They are committing to creating fifty jobs. <br /> 6 <br />