10-24-05 Council Meeting Minutes

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REGULAR MEETINGOCTOBER 24, 2005 for publicly held companies, and a variety of printing material, particularly for companies with needs for high quality, close tolerance printing. To maintain the high quality standard and cost effectiveness, the company will be purchasing and installing new manufacturing. Logistical distribution and IT equipment including an offset printing press, felxographic press, cutter, stitcher and related equipment. The total cost of the new equipment is estimated to be between $5,500,000 and $6,500,000. It is estimated that this project will create four (4) new, permanent, full-time jobs representing a new annual payroll of approximately $166,000. The project will also maintain one hundred and forty-two (142) existing permanent full time and part time jobs representing an annual payroll of $7,670,000. 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 Rouse seconded the motion which carried and the Resolution was adopted by a roll call vote of seven (7) ayes. RESOLUTION NO. 3528-05 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 LOTS NUMBERED 100 THROUGH 115, IRELAND WOODS SUBDIVISION, SECTION TWO, PART ONE AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR ULLERY DEVELOPMENT, LLC WHEREAS, a Statement of Benefits and a petition for residential real property tax abatement have been submitted to and 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 Lots numbered 100 through 106 Ireland Woods Subdivision, Section Two, Part One, South Bend, Indiana, and which is more particularly described as follows: Street Address: Legal Description: Key Number: 1809 Overlook Ct. Lot 100 Ireland Woods Subdivision 23-1040-223202 1870 Overlook Ct. Lot 101 Ireland Woods Subdivision 23-1040-223203 1825 Overlook Ct. Lot 102 Ireland Woods Subdivision 23-1040-223204 1833 Overlook Ct. Lot 103 Ireland Woods Subdivision 23-1040-223205 1841 Overlook Ct. Lot 104 Ireland Woods Subdivision 23-1040-223206 1849 Overlook Ct. Lot 105 Ireland Woods Subdivision 23-1040-223207 1857 Overlook Ct. Lot 106 Ireland Woods Subdivision 23-1040-223208 be designated as a Residentially Distressed 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; WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as a Residentially Distressed Area under Indiana Code 6-1.1-12.1, et seq., and South Bend Municipal Code Sections 2-76, et seq., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as a Residentially Distressed Area. 10