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REGULAR MEETING RESOLUTIONS 17 -01 FEBRUARY 13, 2017 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 23464 ADAMS ROAD, SOUTH BEND, IN 46628 AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A NINE (9) YEAR REAL PROPERTY TAX ABATEMENT FOR GLC SBDC II, LLC Brian Pawlowski, the Department of Community Investment, with offices on the 14th Floor of the County -City Building, served as the presenter and petitioner of this bill. Mr. Pawlowski stated, This is confirming that there have been no changes. The location of this would be to the south of Adams Road. This being the time heretofore set for the Public Hearing on the above bill, proponents and opponents were given an opportunity to be heard. None wished to speak in favor of this bill. Those wishing to speak in opposition to the bill: Kathy Bieschke, 24440 Adams Road, South Bend, IN, asked why the property in question would have an Adams Road or Mayflower Road address if it does not have access to either of those roads. Ms. Bieschke also asked why it would have a five (5) digit address if it is State property, and stated that she proposed that this was an incorrect address. She asked, If this is supposed to be an Economic Revitalization Area, is that an accurate depiction of that property? She stated that tax abatements represent preferential treatment toward developers, and that businesses will just leave when the abatements end. Mr. Pawlowski returned to the podium and stated, When buildings do not yet exist and we are talking about the general vicinity of where the building will go, then the description ends up being something that looks a lot like this, where the building is set to go in a certain parcel. That is what we use until the address can be changed later on down the road. Rich Deahl, Barnes and Thornburg, 100 North Michigan Street, South Bend, IN, thanked Mr. Pawlowski and the Department of Community Investment for the presentation of this resolution. Mr. Deahl stated that he anticipated that the address for this would be a Chet Waggoner Drive address, which is the newly constructed street serving this area in the southeast quadrant, when a building permit is eventually pulled to facilitate this investment. He stated, This investment is an effort to support and further the City's focus on having build - ready, site -ready buildings for occupants to come into on a quick basis. So, this is a total spec building with a proposed investment of over $7,700,000. Through the tax phase -in, what we are anticipating is converting what is tax revenue that would be paid on this land over the next nine (9) years of maybe topping $25,000 to having tax revenue that will phase -in to over this period of having taxes paid over $1,200,000, with a stable base selling both lower bases from there. Councilmember Gavin Ferlic made a motion to adopt Bill No. 17 -01. Councilmember Karen White seconded the motion which carried by a roll call vote of nine (9) ayes. 08 -17 FIRST READING ON AN ORDINANCE INITIATED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AMENDING CHAPTER 21, ARTICLE 3, SECTION 21 -03 OF THE SOUTH BEND MUNICIPAL CODE BY ADDING A NEW SUB- PART 21- 03.06(b)(4)(C) TO INCREASE THE 21