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REGULAR MEETING APRIL 11, 2015 <br />16 -26 A RESOLUTION CONFIRMING THE ADOPTION OF A <br />DECLARATORY RESOLUTION DESIGNATING <br />CERTAIN AREAS WITHIN THE CITY OF SOUTH <br />BEND, INDIANA, COMMONLY KNOWN AS 1265 <br />FRANKLIN, CATALYST TWO BUILDING, IGNITION <br />PARK, SOUTH BEND, IN 46601 AS AN ECONOMIC <br />REVITALIZATION AREA FOR PURPOSES OF A FIVE <br />(5) YEAR PERSONAL PROPERTY TAX ABATEMENT <br />FOR SPECTRON MRC, LLC <br />Aaron Kobb, Community Investment with offices on the 14th Floor of the County -City Building, <br />served as the presenter of this bill. This abatement will aid in the purchase of approximately $2.7 <br />million in new pharmaceutical equipment. This equipment will help create thirty -nine (39) <br />permanent full time jobs with an estimated annual payroll of just over $2 million. The estimated <br />taxes to be abated are $109,315 and total taxes to be paid are $129,172. <br />Gregory Hiatt, 50936 Parkridge Ct. Granger IN, served as the petitioner for this bill. Spectron is <br />both a radio - pharmacy and a manufacturing facility. This equipment would allow the company to <br />produce new and different materials that are in short supply right now and are estimated to <br />continue to be in short supply in the future. Being able to do this project is good for the <br />community and the hospitals, and we are excited about the technology. <br />Councilmember Oliver Davis thanked Mr. Hiatt for bringing his company to Ignition Park. <br />No one from the public spoke in favor or opposition to the bill. <br />Councilmember John Voorde made a motion to adopt Bill 16 -26. Councilmember Oliver Davis <br />seconded the motion which passed by a roll call vote of eight (8) ayes. <br />16 -27 A RESOLUTION CONFIRMING THE ADOPTION OF A <br />DECLARATORY RESOLUTION DESIGNATING <br />CERTAIN AREAS WITHIN THE CITY OF SOUTH <br />BEND, INDIANA, COMMONLY KNOWN AS <br />BLACKTHORN CORPORATE OFFICE PARK LOT 6, <br />SOUTH BEND, IN 46628 AS AN ECONOMIC <br />REVITALIZATION AREA FOR PURPOSES OF A FIVE <br />(5) YEAR REAL PROPERTY TAX ABATEMENT FOR <br />COHN & COHN INVESTMENTS, LLC <br />Aaron Kobb, Community Investment with offices on the 14th Floor of the County -City Building, <br />served as the presenter of this bill. The total taxes will be approximately $103,000 and the total <br />taxes to be paid are estimated at $128,000. This will help create five (5) new jobs with a total <br />payroll of just over $202,000. <br />Rich Deahl, Barnes & Thornburg with offices at 100 N. Michigan St., served as the petitioner for <br />this bill. This project has a private investment of approximately $1.6 million dollars to construct <br />a commercial distribution building in the Blackthorn Park. This building is designed to serve as <br />the office headquarters and distribution needs of UniFirst. <br />Councilmember Regina Williams- Preston asked the petitioner to clarify the $200,000 for the <br />new jobs. <br />Mr. Deahl responded this investment will enable UniFirst to retain its twenty -three (23) jobs in <br />the area with a payroll of about $925,000 as well to expand its positions with this first building <br />faze by five (5) employees with an annual payroll just over $200,000. <br />No one from the public spoke in favor or opposition of the bill. <br />Councilmember Karen White made a motion to adopt Bill 16 -27. Councilmember Dr. David <br />Varner seconded the motion which carried by a roll call vote of eight (8) ayes. <br />10 <br />