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OFFICE OF THE CITY CLERK <br />KAREEMAH FOWLER, CITY CLERK <br />COMMUNITY INVESTMENT JANUARY 9, 2017 4:45 P.M. <br />Committee Members Present: Gavin Ferlic, Regina Williams- Preston, Oliver Davis, <br />William Smith (Citizen Member), Paul Tipps (Citizen <br />Member) <br />Other Council Present: Tim Scott, Dr. David Varner, Karen White, John Voorde, <br />Jo M. Broden <br />Others Present: Kareemah Fowler, Alkeyna Aldridge, Aladean De Rose, <br />Adriana Rodriguez, Aaron Kobb <br />Agenda: Bill No. 16 -85 — Declaratory (9) nine -year property tax <br />abatement for GLC SBDC II, LLC <br />Bill No. 17 -02 — Declaratory (10) ten -year property tax <br />abatement for Commerce Center <br />Bill No. 05 -17- Eddy Street Commons Phase II Bond <br />Issuance <br />Committee Chair Gavin Ferlic called the meeting to order at 4:45 p.m. with three (3) items on <br />the agenda. He welcomed Citizen Members, Paul Tipps and William Smith, to join the Council <br />and opened the floor to the Department of Community Investment to introduce Bill No. 16 -85. <br />Bill No. 16 -85 — Declaratory (9) nine -year property tax abatement for GLC SBDC II, LLC <br />Aaron Kobb, Department of Community Investment, with offices on the 14th floor of the <br />County -City Building, introduced the project as a $1.7 million investment in a new facility in the <br />Ameriplex Industrial Park. Throughout the life of the abatement the investment will generate just <br />above $1 million in tax revenue, and post- abatement tax revenue will be an additional $290,000 <br />annually. <br />Jeff Smoke, GLC SBDC II, LLC, explained the project is a construction of a distribution facility <br />that attempts to spur additional investment and construction in distribution centers in the region <br />that support other businesses that require the support of distribution centers. This is the second <br />phase of a partnership with the City to support this level of infrastructure. <br />455 County -City Building • 227 W. Jefferson Boulevard • South Bend, Indiana 46601 <br />Phone 574- 235 -9221 • Fax 574- 235 -9173 • TDD 574 - 235 -5567 • www.SouthBendfN.gov <br />JENNIFER M. COFFMAN ALKEYNA M. ALDRIDGE JOSEPH R. MOLNAR <br />CHIEF DEPUTY/ CHIEF OF STAFF DEPUTY/ DIRECTOR OF POLICY ORDINANCE VIOLATION CLERK <br />