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REGULAR MEETING
<br />FEBRUARY 27, 2017
<br />A (6) SIX YEAR REAL PROPERTY TAX
<br />ABATEMENT FOR GLC PORTAGE PRAIRIE
<br />III, LLC
<br />Councilmember Gavin Ferlic, Chair of the Community Investment Committee, reported that they
<br />met this afternoon and send this bill forward with a favorable recommendation.
<br />Aaron Kobb, Department of Community Investment, with offices on the 14th Floor of the
<br />County -City Building, South Bend, IN, served as the presenter of this bill. Mr. Kobb stated, As
<br />our report indicates, the DCI staff worked with a petitioner to come up with an abatement
<br />structure that best meets the needs of the City and the developer. The petitioner is investing
<br />approximately $13,500,000 toward the construction of a new 315,000 square foot facility in the
<br />AmeriPlex District. After the six (6) year abatement is complete, the annual tax generation from
<br />this project will be roughly just over $300,000 a year. To address a question that the Council had
<br />asked of us: the City's investment in this project would equate to about thirteen percent (13 %) of
<br />the overall project cost.
<br />Jeff Smoke, Great Lakes Capital, 112 West Jefferson Street, South Bend, IN, served as the
<br />petitioner of this bill. Mr. Smoke stated that he had emailed the Council regarding whether or not
<br />there was an Affirmative Action plan in place. He explained the makeup of the workforce is
<br />about forty -four percent (44 %) minorities in the local workforce of full -time employees, and that
<br />there would be about one - hundred and thirty -nine (13 9) additional people hired.
<br />Councilmember Oliver Davis asked, What do you have with you, sir?
<br />Mr. Smoke responded, These are the Affirmative Action and hiring policies of the tenant, CTDI.
<br />Councilmember Davis asked to look over those documents, which Clerk Kareemah Fowler
<br />retrieved from Mr. Smoke to hand to the Council.
<br />Councilmember Regina Williams- Preston asked if by "minorities" Mr. Smoke was referring to
<br />racial minorities or gender minorities, in response to which Mr. Smoke clarified that he was
<br />referring to racial minorities.
<br />Councilmember Karen White stated, That is a good percentage —that forty-four percent (44 %)
<br />also appreciate you getting that information to us as quickly as you have been able to do.
<br />This being the time heretofore set for the Public Hearing on the above bill, proponents and
<br />opponents were given an opportunity to be heard.
<br />There were none from the public wishing to speak in favor of or opposition to this bill.
<br />Councilmember Gavin Ferlic made a motion to adopt Bill No. 17 -08. Councilmember Regina
<br />Williams- Preston seconded the motion which carried by a roll call vote of eight (8) ayes.
<br />17 -09 A RESOLUTION OF THE COMMON COUNCIL
<br />OF THE CITY OF SOUTH BEND
<br />DESIGNATING CERTAIN AREAS WITHIN THE
<br />CITY OF SOUTH BEND, INDIANA,
<br />COMMONLY KNOWN AS 321 SOUTH MAIN
<br />STREET, SOUTH BEND, IN 46601 AN
<br />ECONOMIC REVITALIZATION AREA FOR
<br />PURPOSES OF A (5) FIVE YEAR REAL
<br />PROPERTY TAX ABATEMENT FOR HIBBERD
<br />DEVELOPMENT, LLC
<br />Councilmember Gavin Ferlic, Chair of the Community Investment Committee, reported that they
<br />met this afternoon and send this bill forward with a favorable recommendation.
<br />Aaron Kobb, Department of Community Investment, with offices on the 14th Floor of the
<br />County -City Building, South Bend, IN, served as the presenter of this bill. Mr. Kobb stated, The
<br />petitioner is looking to invest just over $5,000,000 toward the rehabilitation of an abandoned
<br />building downtown, adjacent to Four Winds Field. It will consist of a mix of office, retail, and
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