07-13-15 Common Council Meeting Minutes

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REGULAR MEETING JULY 13, 2015 Dylan drive, is this the same building? Jeremy McClements, 1349 Belmont Ave, South Bend — stated all those buildings off Dylan Dr. are occupied just a low number of employees there. Chris Fielding showed a diagram of the landscape as well as highlighted the building areas and those occupied. Councilmember Davis stated the question is how long did it take for those buildings to be filling and what devices are be using to attract businesses and who is in charge of that? Chris Fielding answered the Economic Redevelopment Commission is in charge of it. We are replying to every lead that we will now be eligible for the IDC. Right now we are not eligible and 70 to 80 prospects usually request them. We will begin to respond to those leads once we have a signed construction agreement and is under construction. We rely on our partnership with Regina Ember-ton, she handles the site selection for the seven (7) county region. She is excited to market this building as this is how they make their money. Councilmember Davis Jr. I'm glad and thank you Chris for you knowledge. I'm not challenging you Chris. I just want to make sure I'm clear on the deal, how it works, and how it benefits later. Chris Fielding stated one last thing this is the slide we always promise, he illustrated they expect 20 new jobs and approximately $3 million of personal property to go into the building. In the event we pay the first two (2) years with tiff funding of $1 million, we would still have a return on investment within seven (7) years. This is within the TIE district. Council President Tim Scott — Correct me if I'm wrong, there are no buildings within Elkhart County or in the area that have roof space higher than 20 ft.? Jeremy McClements state there is one (1) building in South Bend that is 24 ft. of 100,000 sq. ft. that is one (1) of two (2) buildings in St. Joe County that are over 100,000 sq. ft. Councilmember Scott inquired so there is a very high demand for this type of building? Mr. McClements replied yes there is a very high demand for this type of building. Councilmember Davis — What is the key issue that makes this building a high demand? McClements answered the key issues is mainly the economy has approved quite a bit especially on the manufacturing and industrial side of things. We make a lot of different things here like RVs. Financing is not easy to get on spec buildings, which makes the real demand on 75,000 sq. ft. and above. Of that only six (6) are in the county so we have companies going to other cities like Indianapolis or Chicago. That's what we are competing against right now. Councilmember Davis replied so we are depending on the credibility of the city to be that anchor for the banks? Mr. McClements stated absolutely that is a big factor. Another thing to point out is this is a 200,000 sq. ft. building that we plan to expand to 400,000 sq. ft. The idea is that this will expand pretty dramatically over the years to come. Thank you. This being the time heretofore set for the Public Hearing on the above bill, proponents and opponents were given an opportunity to be heard. There being no one present wishing to speak to the Council either in favor of or in opposition to these bills, Councilmember Mr. Gavin Ferlic made a motion to adopt resolution 15 -58. Councilmember Karen White seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. Councilmember Mr. Gavin Ferlic made a motion to adopt resolution 15 -59. Councilmember Karen White seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. Councilmember Mr. Gavin Ferlic made a motion to adopt resolution 15 -62. Councilmember Oliver Davis seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. 15 -60 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA ACCEPTING AND CONFIRMING A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION DETERMINING THAT THE TAX INCREMENT FOR ERSKINE VILLAGE TO BE COLLECTED IN THE YEAR 2016 MAY BE ALLOCATED TO THE RESPECTIVE TAXING UNITS AND OTHER RELATED MATTERS 22