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REGULAR MEETING JANUARY 9. 2006 <br />SECTION IV. The Common Council determines that such designation is for personal <br />property tax abatement only and shall be limited to two (2) calendar years from the date <br />of the adoption of this Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the property owner is <br />qualified for and is granted property tax deduction for a period of five (5) years. <br />SECTION VL The Common Council directs the City Clerk to cause notice of the <br />adoption of this Declaratory Resolution for Personal Property Tax Abatement to be <br />published pursuant to Indiana Code 5-3-1, said publication providing notice of the public <br />hearing before the Common Council on the proposed confirming of said declaration. <br />SECTION VII. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approval by the Mayor. <br />s/Timothy A. Rouse <br />Member of the South Bend Common Council <br />Councilmember Kelly, Chairperson, Community and Economic Development <br />Committee, reported that this committee held a Public Hearing on this bill this afternoon <br />and voted to send it to the full Council with a favorable recommendation. <br />Mr. Jeff McGowan, CPA, Tax Representative, Kruggel-Lawton, 210 S. Michigan Street, <br />Suite 200, South Bend, Indiana, made the presentation for this bill. <br />Mr. McGowan advised that this project encompasses the relocation and expansion of two <br />biotechnology companies, Enzyme Research Laboratories, Inc., (ERL) and <br />R2Diagnostics (R2D). ERL is a primary supplier of coagulation and fibrinolytic proteins <br />for research R2D manufacturers and sells clot based diagnositic kits that are used for <br />bleeding and clotting disorders. Both companies are wholly owned by Mike Morris who <br />is acquiring a larger facility to house them. The total project includes the acquisition and <br />rehabbing of the larger facility and the purchase of additional equipment for the move <br />and expansion. Currently, both firms are housed in a 9,000 sq. ft. building located at 412 <br />S. Lafayette Blvd. The larger facility is a 25,423 sq. ft. building located at 1801 <br />Commerce Drive. That building sits on a 2.64 acre site. The project will result in <br />increased production capacity and an expanded product line. The estimated cost for the <br />building's rehabilitation if $1,000,000. It is estimated that the total project will create six <br />(6) new, permanent, full time jobs representing a new annual payroll of $300,750. The <br />project will also maintain eleven (11) existing permanent full-time jobs representing an <br />annual payroll of $324,200. <br />A Public Hearing was held on the Resolution at this time. <br />There being no one present wishing to speak to the Council either in favor of or in <br />opposition to this Resolution, Councilmember Dieter made a motion to adopt this <br />Resolution. Councilmember Varner seconded the motion which carried and the <br />Resolution was adopted by a roll call vote of eight (8) ayes. <br />BILLS, FIRST READING <br />BILL NO. 01-06 FIRST READING ON A BILL TO VACATE THE <br />FOLLOWING DESCRIBED PROPERTY: THE <br />ALLEY TO BE VACATED IS THE FIRST <br />EAST/WEST ALLEY SOUTH OF PRAIRIE <br />AVENUE FROM BROOKFIELD STREET EAST <br />TO THE FIRST NORTH/SOUTH ALLEY FOR A <br />DISTANCE OF 120 FEET AND A WIDTH OF 14 <br />FEET. BEING A PART OF PRAIRIE AVENUE <br />HEIGHTS ADDITION TO THE CITY OF SOUTH <br />BEND, ST. JOSEPH COUNTY, INDIANA <br />17 <br />