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REGULAR MEETING SEPTEMBER 12, 2016 PROVISION OF SERVICES TO AN ANNEXATION AREA IN GERMAN TOWNSHIP (AIRPORT AUTHORITY ANNEXATION AREA) Councilmember Oliver Davis made a motion to continue Bill 16 -67 until October 10th 2016. Councilmember Gavin Ferlic seconded the motion which carried by a voice vote of nine (9) ayes. Councilmember Randy Kelly made a motion to hear both Bill 16 -68 and Bill 16 -70 together for purposes of public hearing. Councilmember Karen White seconded the motion which carried by a voice vote of nine (9) ayes. 16 -68 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 2806 W. SAMPLE STREET, SOUTH BEND, IN 46619 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (6) SIX YEAR REAL PROPERTY TAX ABATEMENT FOR INDUSTRIAL METAL -FAB, INC. 16 -70 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 2806 W. SAMPLE STREET, SOUTH BEND, IN 46619 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (5) FIVE YEAR PERSONAL PROPERTY TAX ABATEMENT FOR: INDUSTRIAL METAL -FAB, INC. Councilmember Gavin Ferlic, Chair of the Community Investment Committee, reported that they met and send both bills forward with a favorable recommendation. Sarah Heintzelman, Community Investment with offices on the 14'' Floor of the County -City Building, served as the presenter of this bill. This is a real and personal property tax abatement for Industrial Metal -Fab Inc. They are looking to put in $520,000 in new private investment. The new taxes generated are $71,105 and of them $20,167 will be abated. This will create ten (10) new jobs with over $332,000 in annual payroll. Kyle Bodway, 2806 West Sample Street South Bend IN 46619, stated his grandfather founded the company in 1964 and he is the third generation owner. They want to expand the company at their current location but are landlocked and have exceeded the ability to expand anymore. This is a vital option to expand and grow in the community. This will address a few issues they have on their site currently in relation to drainage and water. This also allows them to create more manufacturing space and compete on the global market. There were no questions from Council. No one from the public spoke either in favor of or in opposition to the two (2) bills. Councilmember Gavin Ferlic made a motion to adopt Bill 16 -68. Councilmember John Voorde seconded the motion which carried by a roll call vote of nine (9) ayes.