10/08/07 Community and Economic Development Committee Minutes

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Comrr7unity and Economic Development Committee October 8, 2007 Page 2 Bill No 07-125: 5-Year Residential Real Property Tax Abatement for 101 South Iowa Council Member Dieter then called for a report from the Department of Community and Economic Development on Bill No. 07-125 which is a request fora 5-year residential real property tax abatement fro Jonathan Burkholder for the property located at 101 South Iowa Street, Bob Mathia, Economic Development Assistant Director reviewed his report dated September 14, 2007 (copy attached). He noted that the petitioner plans to construct a 1,000 square foot three-bedroom home an a vacant lot in the LaSalle Park area. Estimated cost is $111,700. Taxes to be paid over the 5-year period are estimated to be $'1,371; and taxes to be abated over this period of time are estimated to be $7,804. The report concluded that the petitioner meets the qualifications fora 5-year residential real property tax abatement under Section 2-77.1 of the South Bend Municipal Code addressing single family construction. The petitioner was not present. The Council Attorney recommended that the Committee recess and then reconvene once the petitioner arrived. Council Member Dieter recessed the meeting at 3:25. Council Member Dieter reconvened the Committee meeting at 3:29 pm. Doug Merritt was now present and made the formal presentation on behalf of the owner Jonathan Borkholder. In response to a question from Council Member White, Mr. Merritt stated that the contractor is a licensed contractor in the city, and that this will be his first home construction. Following discussion, Council Member Puzzello made a motion, seconded by Council Member Kelly that Bill No. 07-125 be recommended favorably to Council. The motion passed. Miscellaneous Business: Citizen Member Phil Panzica circulated two (2) pictures of PE1 noting that this facility is now 150,00 square feet with 165 jobs, They are grateful for the support they received from the City of South Bend. In response to a question from Council President Rouse, Mr. Panzica stated that their former facility on Bendix is up for lease or sale, and is now vacant.