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REGULAR MEETING AUGUST 24,2015 <br /> RESOLUTIONS <br /> 15-79 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br /> RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY <br /> OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 402 N. <br /> SHERIDAN ST. AN ECONOMIC REVITALIZATION AREA FOR <br /> PURPOSES OF (2) TWO YEAR VACANT BUILDING TAX ABATEMENT <br /> FOR MANUFACTURING TECHNOLOGY, INC. <br /> Presenter: Chris Fielding, 14th Floor Dept. of Community Investment—Before you, you have <br /> two resolutions for tax abatements for Manufacturing Technology they are proposing to purchase <br /> the building at 402 N. Sheridan. They are going to invest approximately$2.6 million with the <br /> creation of 14 new jobs. Total value of the (2) two year abatement,which is an exception to the <br /> local ordinance,with total taxes to be abated$80,980. Total taxes to be paid would be $55,000; <br /> remember that is 100%the first year, 50%the second year, and then returns back to the full tax <br /> value in the years after. They are also requesting a(5)year personal property tax abatement with <br /> total taxes to be abated $68,000 and total taxes to be paid $81,000. Mike is here from <br /> Manufacturing Technology should you have any questions. <br /> Council Attorney Kathy Cekanski-Farrand requested for proper order that a motion be made to <br /> hear 15-79 and 15-80 together for purposes of public hearing. So moved by Councilmember <br /> Valerie Schey. Councilmember Oliver Davis seconded the motion which carried by a voice vote <br /> of eight(8) ayes. <br /> 15-80 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br /> RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY <br /> OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 402 N. <br /> SHERIDAN ST. AN ECONOMIC REVITALIZATION AREA FOR <br /> PURPOSES OF A (5) FIVE-YEAR PERSONAL PROPERTY TAX <br /> ABATEMENT FOR MANUFACTURING TECHNOLOGY, INC. <br /> Petitioner: Mike Laiman, Manufacturing Technology, Inc., Granger,IN—We are excited about <br /> this opportunity to expand our business in terms of manufacturing building products for our <br /> customers. We are a machine builder of high-tech friction welding equipment but this expansion <br /> is for making products for customers here in South Bend. <br /> Councilmember Oliver Davis —Mr. Laiman thank you so much for this opportunity and this <br /> project. I know you have 14 new jobs that excludes existing jobs already. How are you <br /> advertising these jobs and what types of jobs are you looking at for the community? Can you <br /> elaborate on that? Petitioner Laiman responded we are advertising through the local newspaper <br /> or Spherion, a third-party search firm. Many of our jobs are friends and family recommended as <br /> well. Councilmember Davis interjected what type of jobs? Mike Laiman replied these are <br /> manufacturing jobs, manufacturing work on the shop floor. There are some engineer spots and <br /> support folks like quality and material handlers needed in addition for this expansion. <br /> This being the time heretofore set for the Public Hearing on the above bill, proponents and <br /> opponents were given an opportunity to be heard. <br /> There being no one present wishing to speak to the Council either in favor of or in opposition to <br /> these bills, Councilmember Derek Dieter made a motion to adopt resolution 15-79. <br /> Councilmember Oliver Davis seconded the motion which carried and the Resolution was adopted <br /> by a roll call vote of eight(8) ayes. <br /> Councilmember Henry Davis, Jr. made a motion to adopt resolution 15-80. Councilmember Dr. <br /> Fred Ferlic seconded the motion which carried and the Resolution was adopted by a roll call vote <br /> of eight(8) ayes. <br /> 3 <br />