07-10-06 Council Meeting Minutes

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REGULAR MEETING JULY, 10, 2006 Commencing from the East Quarter of said Section 20, said point being approximately 68.62 feet South of the South right-of-way of Indiana East/West Toll Road (300’ total R/W) thence North 0104’10” West along the East line of the Northeast Quarter of Section 20, 704.03 feet to the point of beginning of this description; (note: The bearing for this description was derived from the recorded documents from the Right-of-Way undertaking); thence North 7734’00” West, along the North right-of-way of Cleveland Road 1346.24 feet; thence North 0038’36” West, 629.12 feet to the South line of the Plat of Clarence A. Gregory’s High Meadows Estates Subdivision; thence North 8937’14” East along the South line of the Plat of Clarence A. Gregory’s High Meadows Estates Subdivision and Hartman DeMaegt Subdivision, as recorded under Book 21, page H4 and Book 27, page H respectively; 1304.45 feet to the East line of the Northeast Quarter of said Section 20; thence continuing along the South boundary of Hartmen DeMaegt Subdivision on a bearing of North 8937’14” East, 80.5 feet to a point on a line West 80.5 feet of the West Half of the Northwest Quarter of said Section 21; thence South 0104’10” East, 946.09 feet to a point on the North line of Cleveland Road; thence continuing along the said North line of Cleveland Road on a bearing of North 7734’00” West, 82.79 feet to the point of beginning. and which has Key Number 25-1012-0199.37, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Personal property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Personal property tax deduction for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et seq. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. s/Timothy A. Rouse Member of the Common Council Mr. Marcell Levin, Attorney at Law, May, Oberfell, Lorber, 300 N. Michigan Street, South Bend, Indiana, made the presentation for the bill. Mr. Levin advised that Tuliptree Associates, LLC is in the process of acquiring 20 acres of land in South Bend to build a new manufacturing facility. The initial facility will be approximately 142,400 square feet; however, the site will support a facility in excess of 350,000 square feet and the building is being designed to accommodate phased expansion. The facility will be leased to PEI-Genesis. As the new facility will be twice the size of PEI’s existing facility, new equipment will need to be purchased including: conveyors, glue machines, insertion machines, rackers, loaders, ovens, test equipment, automatic baggers, mold machines and tools, numerous other tools and equipment, 39