08/13/07 Council Meeting Minutes

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REGULAR MEETING AUGUST 13, 2007 $3,500,000. The acquisition will enable the company to add capacity to plasma and laser cutting manufacturing equipment at the Riverside location. The third abatement request for personal property at 1217 and 1215 S. Walnut involves the acquisition of manufacturing equipment having a total cost expected to be from $00,000 to $2,500,000. The acquisition will permit the company to add capacity to its tool steel operations. The total investment for the three projects is estimated to be between $4,400,000 and $11,000,000. The amount of the final investment will depend on a number of factors including trends in the demand for Steel Warehouse's products and the cost and availability of needed equipment to be acquired between approval of the abatement requests and the expiration of their approved Economic Revitalization Area (ERA) designations in July/August 2009. It is estimated that the projects will create up to five (5) new permanent full time jobs at the Tucker location, four (4) to twelve (12) at the Riverside location and from five (5) to twenty-five (25) jobs at the Walnut location representing new annual payrolls of $156,000, $130,400 to $391,200 and $156,000 to $780,000 respectively at the three facilities. The project is also expected to retain a total of four hundred and eight-one (481) full-time jobs, representing an annual payroll of $22,707,500 at the facilities. A Public Hearing was held on these Resolutions at this time. There was no one present wishing to speak to the Council either in favor of or in opposition to these Resolutions. Councilmember Puzzello made a motion to adopt Bill No. 07-96. Councilmember Varner seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. Councilmember Dieter made a motion to adopt Bill No. 07-97. Councilmember Varner seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. Councilmember Kelly made a motion to adopt Bill No. 07-98. Councilmember Pfeifer seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. BILL NO. 07-101 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, EXPRESSING AN INTEREST IN, AND AUTHORIZING THE PURCHASE OF REAL PROPERTY LOCATED AT 738 LELAND AVENUE Councilmember Puzzello made a motion to continue this bill indefinitely at the request of the petitioner. Councilmember White seconded the motion which carried by a voice vote of nine (9) ayes. BILLS -FIRST READING BILL NO. 48-07 FIRST READING ON A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AMENDING CHAPTER 21 OF THE SOUTH BEND MUNICIPAL CODE: AMENDING ARTICLE 3 COMMERCIAL/MIXED USE DISTRICTS, TO ADD RELIGIOUS USES AND PUBLIC LIBRARIES IN ALL DISTRICTS, TO ALLOW MINI (SELF STORAGE) WAREHOUSES WITHOUT OUTDOOR STORAGE AS A PERMITTED USE AND WITH OUTDOOR 31