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REGULAR MEETING APRIL 11, 2015 16 -28 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1619/1623 FRANKLIN STREET, SOUTH BEND, IN 46613 AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND FORM TOOL CO., INC. 16 -29 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1619/1623 FRANKLIN STREET, SOUTH BEND, IN 46613 AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR SOUTH BEND FORM TOOL CO., INC. Councilmember Regina Williams- Preston made a motion to hear both Bills 16 -28 and 16 -29 together for public hearing. Councilmember Dr. David seconded the motion which carried by a voice vote of eight (8) ayes. Aaron Kobb, Community Investment with offices on the 14th Floor of the County -City Building, served as the presenter of this bill. These two abatements 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 paid a little over $54,000. This will create eight (8) new full time jobs with a payroll of just over $378,000. 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 to do additional business with a longtime customer and allow the company get additional business beyond that deal as well. Councilmember Oliver Davis stated it's great to see another business in the Sixth District growing. No one from the public spoke in favor or opposition to the bills. Councilmember Randy Kelly made a motion adopt Bill 16 -28. Councilmember Dr. David Varner seconded the motion which carried by a voice vote of eight (8) ayes. Councilmember Randy Kelly made a motion adopt Bill 16 -29. Councilmember John Voorde seconded the motion which carried by a voice vote of eight (8) ayes. Councilmember John Voorde made a motion to hear Bill 16 -33 before Bill 16 -32. Councilmember Oliver Davis seconded the motion which carried by a voice vote of eight (8) ayes. 16 -33 RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS INTERSECTION OF MAYFLOWER RD AND WESTERN AVENUE SOUTH BEND, IN 46619 AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR COUNTY DEVELOPMENT, LLC 11