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REGULAR MEETING AUGUST 14, 2006
<br /> Timothy A. Rouse
<br /> Member of the Common Council
<br />Mr. Bill Henningfield, 4260 Ralph Jones Drive, South Bend, Indiana, made the
<br />presentation for this bill.
<br />Mr. Henningfield advised that LNW Partners, LLP, d/b/a We R Xhibits, Inc., is a full-
<br />service exhibit business that designs and manufactures trade show exhibits. They provide
<br />a full line of services from the design and manufacture of exhibits, to trucking the client’s
<br />exhibits to their destination, to set up and break down of the exhibits and, finally, storage
<br />of the clients’ trade show exhibits. The company plans to construct a 13,500 square foot
<br />addition onto the existing 24,000 square foot building. The new structure will permit the
<br />petitioner to store the clients’ exhibit properties, as well as allow the firm to expand its
<br />manufacturing area. The addition will also be used as an exhibit set-up area to facilitate
<br />production, refurbishing, and client viewing. The estimated cost of the addition is
<br />$300,000. Total taxes abated during the (7) seven-year abatement period is $40,914.00.
<br />Per the petition, it is estimated that the total project will create (2) two new, permanent,
<br />full-time jobs and (1) new, permanent, part-time job representing a new annual payroll of
<br />$88,500. The project will also maintain (13) thirteen existing, permanent, full-time jobs
<br />and (1) one existing, permanent, part-time job representing an annual payroll of
<br />$563,500.
<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 Kuspa made a motion to adopt this
<br />Resolution. Councilmember Dieter seconded the motion which carried and the
<br />Resolution was adopted by a roll call vote of nine (9) ayes.
<br />RESOLUTION NO. 3624-06 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 128 SOUTH
<br /> MICHIGAN STREET AN ECONOMIC
<br /> REVITALIZATION AREA FOR PURPOSES OF
<br /> A (5) FIVE YEAR REAL PROPERTY TAX
<br /> ABATEMENT FOR THE SOUTH BEND
<br /> CHOCOLATE COMPANY
<br />WHEREAS, a petition for real property tax abatement has been filed with the City
<br />Clerk for consideration by the Common Council of the City of South Bend, Indiana
<br />requesting that the area commonly known 128 South Michigan Street, South Bend,
<br />Indiana, and which is more particularly described as follows:
<br />Parcel 1: The North Half of Lot Numbered Forty-two (42) and a strip of
<br />land in width, North and South, taken off of and from the entire length of
<br />the South side of a Lot Numbered Forty-three (43) in the Town of South
<br />Bend, being a part of the Northwest Fractional Quarter of Section 12, and
<br />the Southwest Fractional Quarter of Section 1 all in Township 37 North,
<br />Range 2 East of the Second Principal Meridian according to the plat
<br />thereof recorded March 28, 1831, in Deed Record A, page 13, in St.
<br />Joseph County, Indiana.
<br />Parcel II: A part of Lot Numbered Forty-three (43) as shown on the
<br />Original Plat of the Town, now City of South Bend, which part is bounded
<br />by a line running as follows: Beginning on the East line of the South
<br />Michigan Street in said City, at a point 3 feet North of the Southwest
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