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REGULAR MEETING March 14, 2016 Sarah Heintzelman, Community Investment with offices on the 141h Floor of the County City Building, served as the presenter of this bill. The total taxes will be approximately $103,000 and the total taxes to be paid are estimated at $128,000. This will help retain twenty -three (23) jobs in the area and create five (5) new jobs with an average wage of $19.50 an hour. Rich Deal, Barnes & Thornburg with offices at 100 N. Michigan St., served as the petitioner for this bill. This project has a private investment of approximately $1.6 million dollars to construct a commercial distribution building in the Blackthorn Park. This building is designed to serve as the office headquarters and distribution needs of UniFirst. This will result in at least five (5) new jobs and retain twenty -three (23) jobs. There were no questions from the public. No one from the public spoke in favor or in opposition of the bill. Councilmember Gavin Ferlic made a motion to adopt Bill 16 -20. Councilmember Karen White seconded the motion which carried by a roll call vote of eight (8) ayes. 16 -21 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1619/1623 FRANKLIN STREET, SOUTH BEND, IN 46613 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (5) FIVE -YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND FORM TOOL CO., INC. 16 -22 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1619/1623 FRANKLIN STREET, SOUTH BEND, IN 46613 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (5) FIVE -YEAR PERSONAL PROPERTY TAX ABATEMENT FOR SOUTH BEND FORM TOOL CO., INC. Councilmember Gavin Ferlic made a motion to hear both Bill 16 -21 and Bill 16 -22 together for public hearing. Councilmember Karen White seconded the motion which carried by a voice vote of eight (8) ayes. Councilmember Gavin Ferlic reported that the Community Investment Committee met and sends both of these bills forward with a favorable recommendation. Sarah Heintzelman, Community Investment with offices on the 14th Floor of the County City Building, served as the presenter of both of these bills. South Bend Form is a local company that has been in South Bend since 1953. This abatement will allow them to make $220,000 worth of real estate improvements so they can increase their footprint as well as $623,000 in new equipment. Total taxes to be abated are going to be around $36,000 and total taxes to be abated a little over $54,000. This will retain seventeen (17) jobs as well as create eight (8) new full time jobs at twenty (20) dollars an hour. Kyle Harvison, 408 W Indiana Ave South Bend, served as the petitioner of the bill. This project is an expansion of South Bend Form's current building which will allow for additional machine equipment. This also will allow the company to open up a second shift. There were no questions from the Council. No one from the public spoke in favor or in opposition of the bill. 7