HomeMy WebLinkAboutRM 07-22-88SOUTH BEND REDEVELOPMENT COMMISSION
REGULAR SCHEDULED MEETING
July 22, 19 8
10:00 a.m.
Presiding 0 ficer: Mr. F. Jay Nimtz
President
1. ROLL CAIL
Members Present:
Members sent:
Legal C unsel:
Redevel ent Staff:
News Media:
Others:
1200 County -City Building
227 W. Jefferson Boulevard
South Bend, Indiana 46601
Mr. F. Jay Nimtz, President
Ms. Paula N. Auburn, Vice - President
Mr. Roman J. Piasecki, Secretary
Mr. Sandy Combs, Assistant Secretary
Mr. Michael Donoho
Ms. Carolyn Pfotenhauer
Mrs. Ann E. Kolata, Deputy Executive Director
Mrs. Cheryl Phipps, Office Manager
Ms. Hedy Robinson
Ms. Jeanne Derbeck, South Bend Tribune
Mr. Norm Stangland, WSBT -TV
Mr. Thom Howell, U -93
Mr. Carter Wolf, Center City Associates
Mr. Ernest Szarwark, Barnes & Thornburg
Mr. Nimtz a ounced that the Executive Session
held prior t the Regular Meeting will be
continued fo lowing adjournment of the Regular
Meeting.
2. APPROVAL10F MINUTES
Upon a motion made by Mr. Piasecki, seconded
by Ms. Auburn and unanimously carried, the
minutes of the Regular Meeting of Friday, July
8, 1988 were approved.
3. APPROVALIOF CLAIMS
Upon a motion made by Ms. Auburn, seconded by
Mr. Piasecki and unanimously carried, the
Commission formally approved the claims
submitted July 11 and July 18, 1988 and
ordered checks dated July 15 and July 22, 1988
to be released.
DC
COMMISSION APPROVED THE MINUTES
OF THE REGULAR MEETING OF FRIDAY,
JULY 8, 1988
COMMISSION FORMALLY APPROVED THE
CLAIMS SUBMITTED JULY 11 AND JULY 18,
1988 AND ORDERED CHECKS DATED
JULY 15 AND JULY 22, 1988 TO BE
RELEASED
South Bend
Redevelopment Commission
Regular Meeting
- July 22, 1988
Tribune
3. APPROVAL
OF CLAIMS (Cont.)
Total
ADMIN 1988
$
153.24
Berreth
Oil Company
$ 27.63
CACI Market
Analysis
227.00
Federal
Express
14.00
General
Fund (phone)
117.17
General
Fund (postage)
198.16
Indiana
Bell Communications
1,031.68
Abstract
& Title Company
125.00
City Cl
rk's Office
7.67
lst Sou ice
Bank Auto Lease
231.71
Makiels
i, Inc.
33.98
National
Center for Policy Alternatives
16.95
Total Admin 1988 $ 2,030.95
T.I.F. 1985
South Bend
Tribune
$
153.24
Total
T.I.F. 1985
$
153.24
T.I.F. 1986
Ralph D.
Lauver
$
3,800.00
Tri-County
News
23.40
T.I.F. 1985
62,082.69
Downtown
Pack & Ship
59.89
Circle L
r, Inc.
20.69
RichardVicCloskey
21,500.00
Cephus Phillips,
(Peoples Inc.)
75.00
South Be
id Tribune
163.20
Ken Herc
g & Associates, Inc.
9,850.00
Total
T.I.F. 1986
$
78,574.87
GRAND
TOTAL
$
80,759.06
4. COMMUNICATIONS
There were
no communications.
THERE WERE NO COMMUNICATIONS
5. OLD BUSINNESS
There wad no old business. THERE WAS NO OLD BUSINESS
6. NEW
a. Commission adoption requested for
Reso ution No. 852 approving an
-2-
South Bend
Regular Meg
elopment Commission
- July 22, 1988
6. NEW BUSINESS (Cont.)
a. uonuinuea...
application for personal property tax
deduction consideration for property
located at 1702 W. Washington Street
(Adams Engineering, Inc.)
Ms. Robinson read the staff report on the
application. Adams Engineering proposes
to acquire lathes, forklifts and a
horizontal machining center at a cost of
$30C,000. The project will create four
new, permanent full time jobs within the
first year with an annual payroll of
$80,000 and will maintain one hundred and
two existing permanent full time jobs
with an annual payroll in excess of
$3,000,000.
The property is properly zoned for the
proposed use. It is located within a tax
abatement impact area and within a tax
incremental financing area.
The petitioner qualifies for five years
of personal property tax abatement. The
est' ted taxes to be abated over the
five year period are $8,921.00. The
taxes to be paid over that five year
peri is estimated at $2,358.
Mr. 3zarwark noted that Adams Engineering
has Deen in business on the west side of
Sout Bend for a long time. They make
machinery and parts for machinery for
other manufacturing. The demand for
their products is increasing, and so is
the corrpetition. The purchase of this
machinery will enable the company to stay
com titive in the market.
Mr. Piasecki asked why the cost of the
machinery comes to such an even number.
He ressed concern that the abatement
not be granted for more than the actual
cost of the personal property. Mrs.
Kola responded that the actual
abat nt is based upon the actual
asse sment of the property once the
-3-
South Bend
Regular Meet
6. NEW BUS:
a. Coni
elopment Commission
- July 22, 1988
(Cont.)
proper forms are filed with the Auditor's
Office.
Upo a motion by Ms. Auburn, seconded by
Mr. Piasecki and unanimously carried, the
Cormission adopted Resolution No. 852
approving an application for personal
prorerty tax deduction consideration for
Ad Engineering, Inc. at 1702 W.
Was incton St.
Mrs. Kol to announced that the Redevelopment
Authority will meet at 12:00 noon on July 26
to receive bids and sell the bonds for both
the St, Joseph/Wayne parking garage and the
stadium refinancing.
Mrs. Kol to also noted that at the August 12
meeting the staff will be recommending
specific plans for the Studebaker Bond Issue
announced by the Mayor last week.
8. NEXT CO MISSION MEETING
a
The next Regular Meeting of the Commission is
schedulep for August 12, 1988 at 10:00 a.m.
There be'ng no further business to come before
the CornmLssion, Mr. Piasecki made a motion
that the meeting be adjourned. Ms. Auburn
seconded the motion and the meeting was
adlourne at 10:35 a.m.
Imo'
COMMISSION ADOPTED RESOLUTION
NO. 852 APPROVING AN APPLICATION
FOR PERSONAL PROPERTY TAX DEDUCTION
CONSIDERATION FOR ADAMS ENGINEERING,
INC.
PROGRESS REPORTS
NEXT COMMISSION MEETING
�� • 1 i i
:' Jay�N�?Vtz, 1Nesident -:�s Ann E: Kolata, Deputy Executive