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Home My WebLink About05-08-2023 Community Investment- i OFFICE OF THE CITY CLERK D AWN M.JONES, CrTv CLERK COMMUNITY INVESTMENT Committee Members Present: Committee Members Absent: Others Present: Presenters: Agenda: May 8, 2023, 3:30 P.M. Rachel Tomas Morgan, Henry Davis, Jr.*, Eli Wax, Kaine Kanczuzewski, Troy Warner, Thomas Kurzhal Dawn Jones, Victoria Trujillo, Bob Palmer, Shayla Kimbrough, Joseph R. Molnar*, Sharon L McBride*, Tim Corcoran*, Sheila Niezgodski, Canneth Lee Erik Gia vi ch, Director of Growth and Opportunity Bill No. 23-21 -A Resolution Designating Certain Areas Within the City of South Bend, Indiana, Commonly Known as 3201 W. Calvert Street, South Bend, IN 46613 an Economic Revitalization Area for Purposes of a Five-Year ( 5) Personal Property Tax Abatement for Verbio North America LLC Bill No. 23-22 -A Resolution Designating Certain Areas Within the City of South Bend, Indiana, Commonly Known as 3201 W. Calvert Street, South Bend, IN 46613 an Economic Revitalization Area for Purposes of an Eight-Year (8) Real Property Tax Abatement for Verbio North America LLC Members marked with an asterisk (*) are present digitally Please note the attached link for the meeting recording: https://docs.southbendin.gov/WebLink/browse.aspx?dbid=0&mediaid=369529 Committee Chair Rachel Tomas Morgan called to order the Community Investment Committee meeting at 3 :30 p.m. Bill No. 23-21 -A Resolution Designating Certain Areas Within the City of South Bend, Indiana, Commonly Known as 3201 W. Calvert Street, South Bend, IN 46613 an Economic Revitalization Area for Purposes of a Five-Year (5) Personal Property Tax Abatement for Verbio North America LLC Committee Chair Tomas Morgan asked if the residents in the area have raised any concerns or expressed support for the project. EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 455 County-City Building 227 W. Jefferson Bvld South Bend. Indiana 46601 p 574.235.9221 f574.235.9173 TTD 574.2355567 www.southbendin.gov CITY OF SOUTH BEND OFFICE OF THE CLERK Erik Glavich, Director of Growth and Opportunity, with offices on the twelfth (12th) floor of the County-City building, noted that no concerns were raised, and discussions are going on with a neighboring greenhouse owner to utilize the facility's excess CO2. Committee Chair Rachel Tomas Morgan requested questions from Council. Vice President Sheila Niezgodski asked about any input from the community and noted that CO2 usage was discussed before the purchase, mentioning that the property in question already utilizes CO2 and is planning a significant expansion. The project is sustainable, using com byproducts to make fuels and gas and carbon dioxide for greenhouses and will create employment. Committee Chair Rachel Tomas Morgan asked if the public in the chamber wished to speak in favor of or against the bills. Alison Herzig, Director of Economic Development at the South Bend Regional Chamber, with offices at 101 North Michigan Street, noted that the project has the potential to generate a salary impact of $60 million annually once all jobs are at full production. The additional eight (8) jobs will contribute an extra $8 million. The construction will have an impact of approximately $232 million investment amounts to over $351 million for the project's three-year (3) duration and will directly and indirectly employ and support over 600 workers. Committee Chair Rachel Tomas Morgan asked if the public online wished to speak in favour of or against the bills. Clerk Jones confirmed that there were none. Committee Chair Rachel Tomas Morgan asked if the committee had further questions regarding the bills. There were none. Committee Chair Rachel Tomas Morgan noted that each bill is to be taken and voted on separately. Committee Member Eli Wax motioned to forward Bill No. 23-21 to the full Council with a favorable recommendation, which was seconded by Citizen Member Kaine Kanczuzewski and carried by a vote of six (6) ayes. Committee Chair Rachel Tomas Morgan-Aye Committee Member Eli Wax-Aye Committee Vice Chair Troy Warner -Aye Citizen Member Thomas Kurzhal-Aye Committee Member Henry Davis Jr -Aye Citizen Member Kaine Kanczuzewski-Aye Bill No. 23-22 -A Resolution Designating Certain Areas Within the City of South Bend, Indiana, Commonly Known as 3201 W. Calvert Street, South Bend, IN 46613 an Economic Revitalization Area for Purposes of an Eight-Year (8) Real Property Tax Abatement for Verbio North America LLC Committee member Eli Wax motioned to send Bill No. 23-22 to the full Council with a favorable -- recommendation, seconded by Citizen Member Kaine Kanczuzewski and carried by a vote of three (3) ayes, two (2) nays, and one (1) committee member absent. EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 455 County-City Building 227 W. Jefferson Bvld South Bend. Indiana 46601 p 574.235.9221 f 574.235.9173 TTD574.235.5567 www.southbendin.gov 2 CI1Y OF SOUTH BEND I OFFICE OF THE CLER K Committee Chair Rachel Tomas Morgan-Aye Committee Member Eli Wax-Aye Committee Vice Chair Troy Warner-Nay Citizen Member Thomas Kurzhal-Nay Committee Member Henry Davis Jr -Absent Citizen Member Kaine Kanczuzewski-Aye With no further business, Committee Chair Rachel Tomas Morgan adjourned the Community Investment Committee meeting at 4: 11 p.m. Respectfully Submitted, Rachel Tomas Morgan, Committee Chair NOTICE FOR HEARING AND SIGHT IMPAIRED PERSONS Auxiliar)· Aid or Other Services may))(' Available upon R«1ucst at No Ch,u-.tc. Plc-..1sc W\'C Reasonable Advance Rct1ucst when Possible EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 455 County-City Building 227 W. Jefferson Bvld South Bend. Indiana 46601 p 574.235.9221 f574.235.9173 TTD574.235.5567 wwwsouthbendin.gov 3