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REGULAR MEETING October 9, 2017
<br /> Rob Michalak,Vice President of Masterbilt Inc., 325 South Walnut Street, South Bend, IN,
<br /> served as the petitioner of this bill. Mr. Michalak stated, We've won some new business over the
<br /> past year and a half, so, seeing a trend in aerospace of complex parts for a cheaper cost,we've
<br /> identified some equipment that will help us be more cost effective and advance our technological
<br /> capability. So,these jobs will be of a higher grade, technically, so with a higher pay.
<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 Oliver Davis made a motion to adopt Bill No. 17-60. Councilmember Gavin
<br /> Ferlic seconded the motion which carried by a roll call vote of nine (9) ayes.
<br /> Councilmember John Voorde made a motion to hear Bills No. 17-62 and 17-66 at the same time.
<br /> Councilmember Gavin Ferlic seconded the motion which carried by a voice vote of nine (9)
<br /> ayes.
<br /> 17-62 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 3333 N KENMORE
<br /> ST, SOUTH BEND, IN 46628 AN ECONOMIC
<br /> REVITALIZATION AREA FOR PURPOSES OF
<br /> A (7) SEVEN-YEAR REAL PROPERTY TAX
<br /> ABATEMENT FOR TRI-PAC, INC.
<br /> 17-66 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 3333 N KENMORE
<br /> ST, SOUTH BEND, IN 46628 AN ECONOMIC
<br /> REVITALIZATION AREA FOR PURPOSES OF
<br /> A (5) FIVE-YEAR PERSONAL PROPERTY TAX
<br /> ABATEMENT FOR TRI-PAC, INC.
<br /> Councilmember Gavin Ferlic, Chair of the Community Investment Committee, reported that they
<br /> met this afternoon and send these bills forward with a favorable recommendation.
<br /> Dan Buckenmeyer, Director of Business Development,the Department of Community
<br /> Investment,with offices on the 141h Floor of the County-City Building, South Bend, IN, served
<br /> as the presenter of this bill. Mr. Buckenmeyer stated, Tri-Pac is a forty-five (45)plus year old
<br /> company, presently located in Michigan. They are planning to relocate to South Bend in the area
<br /> near Nimtz Road and Kenmore. We're very excited to bring this business into South Bend. We
<br /> expect to create many new jobs and a lot of growth and investment as a result. In order to assist
<br /> Tri-Pac with a soft landing in their new South Bend home, we propose two (2)tax abatements—
<br /> the significant multimillion dollar investment they are making to bring their business here. A real
<br /> property tax abatement of seven(7) years on a minimum $1,000,000 investment on simply
<br /> improvements to the building they're going to purchase, during which period the petitioner will
<br /> save about$84,000 in taxes but will still pay a total of approximately $314,000 in real property
<br /> taxes. And then a personal property tax abatement of five (5) years on a$1,500,000 minimum
<br /> investment in equipment at this new location, during which the petitioner will save about
<br /> $17,000 and will still pay a total of about$4,000 in personal property taxes. We respectfully ask
<br /> the Council to approve these abatements. I just want to point out again,this specifies a target
<br /> investment of, combined, about $2,500,00, and target jobs of about sixty(60),but I know Mr.
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