11-13-06 Council Meeting Minutes

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REGULAR MEETING NOVEMBER 13, 2006 Mr. Siqueira advised that Value Production is a modern production machining facility. They provide one-stop shopping for design, prototypes, and production, and is an ISO 9001:2000 certified company. Value Production was established in October of 2000. The company manufactures tooling for use in the aerospace, automotive, medical, and commercial markets. The company will purchase a new, high-end mill and lathe for their custom aerospace manufacturing needs. The project will invest $500,000 in this new equipment. A Public Hearing was held on the Resolution at this time. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution, Councilmember Dieter made a motion to adopt this Resolution. Councilmember White seconded the motion which carried and the Resolution was adopted by a roll call vote of eight (8) ayes. RESOLUTION NO. 3660-06 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3702 PROGRESS DRIVE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (5) FIVE-YEAR PERSONAL PROPERTY TAX ABATEMENT FOR PARRISH/MEYER MACHINE, INC. WHEREAS, a petition for personal property tax abatement consideration has been filed with the City Clerk for consideration by the Common Council of the City of South , Bend, Indiana, requesting that the area commonly known as 3702 Progress Drive South Bend, Indiana, and which is more particularly described as follows: Commencing at a brass plus at the center of Section Thirty-Three (33), Township Thirty-Eight (38) North, Range Two (2) East; thence North Zero Degrees, Zero Minutes, Zero Seconds East (N 0° 00’ 00” E) along the center line of said Section Thirty-Three (33) a distance of One Hundred Thirty-five and Eighteen Hundredths (135.18) feet to the South line of Progress Drive, extended West; thence South Eighty-Nine Degrees, Forty Minutes, Nine Seconds East (S 89° 40’ 09” E) along said South line of Progress Drive a distance of Four Hundred Forty and Zero Hundredths (440.00) feet to the point of beginning, said point being the Northeast corner of a tract theretofore conveyed to Canteen Corporation, Inc.; thence South Zero Degrees, Nineteen Minutes, Fifty-one Seconds West (S 0° 19’ 51” W) a distance of Two Hundred Forty and Zero Hundredths (240.00) feet; thence South Eighty-Nine Degrees, Forty Minutes, Nine Seconds East (S 89° 40’ 09” E) a distance of Four Hundred Twenty-Nine and Eighty-Seven Hundredths (429.87) feet to a point on the West line of a tract heretofore conveyed to Woodworth Storage and Transfer, Inc.; thence North Zero Degrees, Eighteen Minutes, Fifty-One Seconds East (N 0° 18’ 51” E) a distance of Two Hundred Forty-Three Hundredths (240.43) feet to the South line of Progress Drive; thence North Eight-Nine Degrees, Forty Minutes, Nine Seconds West (N 89° 40’ 09” W) a distance of Four Hundred Thirty and Zero Hundredths (430.00) feet to the point of beginning and which has Key Numbers 18-2184-6938-09 and 25-1006-0299 be designated as an Econo-mic Revitalization Area under the provisions of Indiana Code 6-1.1-12.1 et seq., and South Bend Municipal Code Sections 2-76 et seq., and; 18