02-12-96 Community & Economic Development

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Committt: Ztport: Community and Economic Development Committee to t s Common QCountil of the Co of Eoutb tnb: The February 12, 1996 meeting of the Community and Economic Development Committee was called to order by its Chairperson,Council Member Sean Coleman at 4:30 P.M.in the Council informal meeting room. Persons in attendance included Council Members: Kelly, Zakrzewski, Washington, Varner, Luecke, Coleman, Pfeifer, Broden, Hosinski; Bob Hunt, Ann Kolata, Bill Hojnacki, Chuck Leone, William Hurst, Bob Michalak, Larry Kawalewski, Mike Beitzinger, Charles Pryor, Steve St. Clair,Jon Hunt, Don Porter, and Kathleen Cekanski- Farrand. Council Member Coleman called the meeting to order and introduced two of the appointments of the Common mon Council to the Redevelopment ent Commission namely Mr. Bob Hunt and Mr. Bill Hojnacki.Mr.Hojecki noted that his experience on the Commission has been fun and exciting and he appreciates the separation of power between the two legal entities.Ann Kolota noted that the Commission Members spend a great deal of time and do a lot of work for the hours contributed to the City of South Bend. The first item on the agenda following the discussion with the Redevelopment Commission Members was Resolution No. 96-8 which is a 10 year Real Property Tax Abatement request on behalf of the Management Consortium Inc. It was requested that this Resolution be heard at that end of the meeting. The Committee then reviewed Resolution No. 96-9 which is a 5 year Personal Property Tax Abatement request for the property located at 3702 West Sample.Mr.Mike Beitzinger reviewed the memorandum dated January 23, 1996, for the petitioner Cherry Roller Inc. (copy attached).He noted that the petitioner would be locating its operations in the Sample Street Business Complex and will be a micro-manufacturing concern which produces hi-tech elastomeric rollers. Estimated cost of the new machinery and equipment is approximately $300, 000.00. The petitioner qualifies for a 5 year Personal Property Tax Abatement. Mr. Charles Leone gave further information.He noted that his client was induced with the assistance of Frank Kritch and Project Future. Council Member stated that this is a good project which will be housed in the Torrington Building. In response to a question raised by Council Member Luecke it was noted that the equipment would have a life expectancy of greater than 5 years. Following further discussion, Council Member Luecke made a motion, seconded by Council Member Zakrzewski that Resolution No. 96-9 be recommended favorably to Council. The motion passed. The Committee then reviewed Resolution No. 96-10 which is a three year Real Property Tax Abatement request for the property located 208 East Sample Street. Mr. Mike Beitzinger reviewed the report dated January 29, 1996,for the petitioner Charles and Hattie Pryor(copy attached).