03-14-16 Community Investment - Laserfiche WebLink

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Councilmember Karen White stated that is very exciting and thanked Mr. Hiatt for his investment in South Bend. No one from the public spoke in favor or in opposition of the bill. Councilmember Randy Kelly made a motion to send Bill 16 -18 to the full Council with a favorable recommendation. Councilmember Regina Williams- Preston seconded the motion which carried by a vote of three (3) ayes. Bill No.. 16 -20 Real Property Tax Abatement, Cohn & Cohn, LLC Sarah Heintzelman, Community Investment with offices on the 14th Floor of the County City Building, served as the presenter of this bill. Cohn & Cohn is looking to construct a facility for UniFirst. This is the first phase of the project. The total taxes abated will be approximately $103,000 and the total taxes to be paid are estimated at $128,000. This will help retain twenty - three (23) jobs in the area and create five (5) new jobs with an average wage of $19.50 an hour. Rich Deal, Barnes & Thornburg with offices at 100 N. Michigan St., served as the petitioner for this bill. This is the first project for Cohn & Cohn in South Bend. UniFirst is looking to build their own facility and were attracted to the Blackthorn area because of its ideal location and the investments made by the City. This project has a private investment of approximately $1.6 million dollars to construct a commercial distribution building in the Blackthorn Park. This building is designed to serve as the office headquarters and distribution needs of UniFirst. This will result in at least five (5) new jobs and retain twenty -three (23) jobs. No one from the public spoke in favor or in opposition to the bill. Councilmember Regina Williams- Preston made a motion to send Bill 16 -18 to the full Council with a favorable recommendation. Councilmember Randy Kelly seconded the motion which carried by a vote of three (3) ayes. Bill No. 16 -21 Real Property Tax Abatement, South Bend Tool Co., Inc. Bill No. 16 -22 Personal Property Tax Abatement, South Bend Tool Co. Councilmember Regina Williams- Preston made a motion to hear both Bill 16 -21 and 16 -22 together. Councilmember Randy Kelly seconded the motion which carried by a voice vote of three (3) ayes. Sarah Heintzelman, Community Investment with offices on the 14th Floor of the County City Building, served as the presenter of both of these bills. South Bend Form is a local company that has been in South Bend since 1953. This abatement will allow them to make $220,000 worth of real estate improvements so they can increase their footprint as well as $623,000 in new equipment. Total taxes to be abated are going to be around $36,000 and total taxes to be abated a little over $54,000. This will retain seventeen (17) jobs as well as create eight (8) new full time jobs at twenty (20) dollars an hour.