|
REGULAR MEETING May 13, 2019
<br /> twenty-one dollars per hour ($17 - $21/hr.) They will pay about $32,000 in taxes during the
<br /> abatement period. We will be abating about $26,000. The petitioner is here to speak on this, as
<br /> well.
<br /> Councilmember Gavin Ferlic made a motion to hear together, for purposes of public hearing, Bill
<br /> Nos. 19-21 and 19-25. Councilmember Sharon L. McBride seconded this motion which carried by
<br /> a voice vote of seven (7) ayes.
<br /> 19-25 A RESOLUTION CONFIRMING THE
<br /> ADOPTION OF A DECLARATORY
<br /> RESOLUTION DESIGNATING CERTAIN
<br /> AREAS WITHIN THE CITY OF SOUTH BEND,
<br /> INDIANA, COMMONLY KNOWN AS 5245
<br /> DYLAN DRIVE, SOUTH BEND, IN 46628 AS
<br /> AN ECONOMIC REVITALIZATION AREA FOR
<br /> PURPOSES OF A SEVEN (7) YEAR REAL
<br /> PROPERTY TAX ABATEMENT FOR CBK
<br /> LAND DEVELOPMENT, LLC
<br /> Dan Buckenmeyer, Director of Business Development for the Department of Community
<br /> Investment with offices located on the 14`h floor of the County-City Building, South Bend, IN,
<br /> served as the presenter for this bill. Mr. Buckenmeyer stated, As I previously mentioned, we are
<br /> talking now about the building that will house the capital equipment we just spoke of. This is a
<br /> $3.5 million investment for the petitioner. It adds 80,000 square feet to their existing facility with
<br /> additional docks and so on. That results in a sixty-five percent (65%) increase in their storage
<br /> capacity. They are a Michigan company but moved their logistics and warehousing facility here
<br /> into South Bend in 2014. We are thrilled to see them expanding here and to support them. We
<br /> hope for your ongoing support. We will be abating about $470,000 in taxes as this project phases
<br /> in, but they will still pay about $118,000 on this portion of the building throughout that period,in
<br /> addition to their other property taxes. Again, the petitioners are here if you are ready for them.
<br /> Michael Hall, 5245 Dylan Drive, South Bend, IN, served as a petitioner for these bills. Mr. Hall
<br /> stated, Thank you for your support and your commitment to us. South Bend, we've found, is a
<br /> perfect location for our logistics and distribution facility. Especially in that logistics corridor on
<br /> Cleveland Road and by US-31. These tax abatements will help us continue to grow our business
<br /> in a powerful manor but, more importantly, it allows us to invest back into the community with
<br /> additional jobs. As said, we are creating twelve (12) and we are also giving our team members
<br /> tools to really bang out their career path. The construction aspect of this is going to be local. From
<br /> contractors to materials, we are going to try the best we can to get it from this Michiana area.
<br /> Councilmember Jo M. Broden asked, Mr. Buckenmeyer, could you address past abatements with
<br /> regard to this compliance with this petition, please?
<br /> Mr. Buckenmeyer replied,Any time the Department of Community Investment looks at a potential
<br /> petitioner for an abatement,we look back and see what their history is and if they've had any other
<br /> abatements or anything else, in that regard. We vet these businesses and abatements very
<br /> diligently. In this case, as I mentioned, Chase Plastics came in and built their existing facility and
<br /> outfitted it with the assistance of tax abatement support from the City back in 2014. They have
<br /> remained in compliance with those tax abatements over the years and they will continue. There is
<br /> a year left in that real property tax abatement.
<br /> Councilmember Jo M. Broden followed up, Where would members of the public, or the Scout
<br /> Troops that are here, look at those reports? Where could they find them, please?
<br /> Mr. Buckenmeyer replied, I will have to get back to you on that. We have talked about that and
<br /> I'm trying to find the exact location. We do an annual report, as you all know, to Council on tax
<br /> abatements. It is that season right now. All of our existing companies who enjoy tax abatements
<br /> are getting their compliance forms in. Their deadline is two (2) days from now and then our
<br /> deadline, to report back to Council, is June 15`h. So, we will be doing a report back to Council, as
<br /> we do every year. I'm guess it's on the web page, but I apologize not knowing off the top of my
<br /> 3
<br />
|