01-28-08 Common Council Minutes - Laserfiche WebLink

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REGULAR MEETING JANUARY 28, 2008 Lot Numbered Two "A" (2A) as shown on the recorded Plat of Toll Road Industrial Park Phase Two, First Replat recorded January 22, 1999 as Document Number 9903191 and recorded January 12, 2000 as Document Number 0001929 all in the Office of the Recorded of St. Joseph County, Indiana, and which has Key Number 25-1013-0216, 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 remonstrance's 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 Real 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 Real property tax deduction for a period of six (6) years, and further determines that the petition, the Memorandum of Agreement between the Petitioner and the City of South Bend, and the Statement of Benefits comply 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 Ms. Jenny Massey, Senior Project Manager, Bingham Economic Development Advisors, 8900 Keystone Xing, Ste. 400, Indianapolis, Indiana, made the presentation on behalf of Ryan Fireprotection, Inc. Ms. Massey advised that Ryan Fireprotection, Inc. is a leader in the engineering, design and construction of fire protection systems. It is currently leasing a facility in South Bend where it employs seventeen (17) people. The lease on the existing building will expire in early 2008 and the company has decided to construct a new, larger facility to meet their increasing space requirements due to strong sales growth in this region. The facility will be used for some light fabrication of fire protection systems and storage of parts. It will also serve as a base for repair and installation employees to work from. It is anticipated that the facility will serve clients within a 100 mile radius of South Bend. The new building will contain 30,000 square feet and be expandable up to a total of 50,000 square feet. The estimated cost of the building is $1,103,650. 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 White made a motion to adopt this Resolution. Councilmember Kirsits seconded the motion which carried by a roll call vote of nine (9) ayes. 18