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HomeMy WebLinkAbout06-25-01 Community & Economic Development (Cammitta ort: Qommunitj an (eonomie betbeloputent Qommittee The June 25,2001 meeting of the Community and Economic Committee was called to order by its Chairperson, Council Member Roland Kelly at 5:21 p.m. in the Council Informal Meeting Room. Persons in attendance included Council Members: King, Varner, Aranowski, Pfeifer, King, Ujdak, Coleman, White, Kirsits and Kelly; Roberta Baxter, Rhonda Brown, Michael Beitzinger, Jerry Christensen, Richard Deahl, Dan Smith, Robert Hunt and Kathleen Cekanski-Farrand, Council Attorney. Council Member Kelly noted that the first item on the agenda was to review Bill No. 01-58 which is a request from Bowne of South Bend, Inc and BSB's wholly owned LLC Subsidiaries to have a five(5) year ar Pe rsonal property Y tax abatement request for the property located at 5021 F. Jay Nimt z P arkwa y. Mr. Michael Beitzinger reviewed his report dated June 13, 2001 (copy attached) which noted that the petitioner is a commercial and financial, state of the art printing facility. Their project call for the acquisition and installation of telecommunications hardware, prepress and plate making equipment, web and related printing presses, splicers, cutters, folders and automated stitching equipment for an estimated cost of$ 1.2 to $ 1.5 million. The project would create nineteen (19) new permanent full-time jobs. The report concluded that the petitioner meets the criteria for a five (5) year personal tax abatement under§ 2-84.2 of the South Bend Municipal Code. Mr. Richard Deahl, Dan Smith and Mr. Jerry Christensen, Vice President & General Manager made the presentation for the petitioner. They noted that the equipment would last approximately fifteen (15) years. Council Member Kelly noted that the petitioner has a beautiful facility. In response to a question from Dr. Varner, it was noted that one to two additional lines could be developed at the cost of$5 million per line. Following discussion, Council Member Varner made a motion, seconded by Council Member Kirsits that Bill No. 01-58 be recommended favorably to Council. The motion passed. There being no further business to come before the Committee, Council Member Kelly adjourned at 5:31 p.m. Respectfully submitted, Council Member Roland Kelly, Chairperson Community and Economic Development Committee KCF:kmf Attachments •