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REGULAR MEETING April 22, 2019 19-27 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS IGNITION PARK, SOUTH BEND, IN 46601 AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN EIGHT (8)YEAR REAL PROPERTY TAX ABATEMENT FOR CATALYST THREE, LLC Dan Buckenmeyer, Director of Business Development for the Department of Community 1 Investment with offices located on the 14th floor of the County-City Building, South Bend, IN, served as the presenter for this bill. Mr. Buckenmeyer stated, This is an exciting addition to the Ignition Park facility. That was built sort of on the ashes of the old Studebaker Complex. We have Catalyst One(1) and Two (2)in place, as everyone knows,this will be Catalyst Three(3). It serves a very important purpose. It will not only be larger than the other(2) at about 83,000 square feet, it is being built to retain hundreds of high-quality jobs in South Bend. We are very excited to be able to serve that purpose and do it here in Ignition Park. It is a $16 million project. It will be a very attractive building along with Catalyst One (1) and Two (2) in keeping with the planning for Ignition Park. If we look out over a ten (10) year horizon, in this case yes, we are phasing in the taxes to allow the tenant company to get some of the benefits of that which come through with a triple net lease. It allows them to stay and not leave for other potentially greener pastures. Over that ten (10) year horizon, that property that I showed pays about $1,300 per year in taxes. We estimate it will pay over $1.1 million in taxes after the phase-ins take place. Again, five hundred (500)retained jobs. We are exited about the project and are excited to get it underway. Jeff Smoke, Great Lakes Capital with offices located at 112 West Jefferson Boulevard, South Bend, IN, served as the petitioner for this bill. Mr. Smoke stated, I think Dan did a great job explaining the project. You are all familiar with it. To highlight, it is keeping five hundred (500) jobs here in South Bend. It is over a $16 million investment. It helps improve Ignition Park and gives us the momentum we need to go forward. This being the time heretofore set for the Public Hearing on the above bills, proponents and opponents were given an opportunity to be heard. Jason Banicki-Critchlow, 3822 West Ford Street, South Bend, IN, stated, A couple weeks ago I got to attend the Rum Village Park Neighborhood Association meeting and they are absolutely ecstatic about this project in their neighborhood. That is not often the case when you hear about a lot of traffic coming into a particular neighborhood. But, when you go out to Indiana Avenue and you remember what it used to be like with a lot of small businesses,they see this as an opportunity to maybe bring some of those breakfast and lunch restaurants to that area because now you're going to have a lot more people who are going to need places to eat and shop. This is absolutely the kind of win-win project we need as a City. I have office space in Catalyst One (1). It is a beautiful place out there as well. It is kind of interesting. Ignition Park started with one (1) vision of what it could be, and it has kind of gone a whole different direction but that's ok. That is the kind of flexibility we need to be able to compete for jobs in this day and age. It is great to see Press Ganey and Great Lakes Capital stay here when they had so many other options at their disposal. So, if we have to abate taxes for a few years to make this happen,this is the kind of thing we need to do. Thank you. Councilmember John Voorde made a motion to adopt Bill No. 19-27. Councilmember Sharon L. McBride seconded this motion which carried by a roll call vote of seven(7) ayes. 19-33 A RESOLUTION OF THE COMMON COUNCIL CONCERNING CLIMATE RECOVERY AND OUR COMMITMENT TO DEVELOP A CLIMATE ACTION PLAN AIMED AT GREENHOUSE GAS REDUCTIONS FOR THE 4