03-10-08 Common Council Minutes - Laserfiche WebLink

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REGULAR MEETING MARCH 10, 2008 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 South Bend Common Council Ms. Jamie Ruiz, 202 S. Michigan Street, South Bend, Indiana, CB Richard Ellis, as Agent for Olive Cleveland Partners, LLC, made the presentation for this bill. Ms. Ruiz advised that Olive Cleveland Partners, LLC are a local investor developer that has created a development a certain properties and have purchase 3507 Olive Road, which is consider Phase I of this project, which is currently 100% occupied. They have purchase the vacant land behind Phase I from a west coast investment group, so they are bringing the ownership locally now. The developer saw this project as a positive investment, due to the increasing demand for modern bulk space which has clear heights of 30’. She noted that more and more warehouse distributors need that clear height. This will be a new product for South Bend and it will be 208,000 square feet. Ms. Ruiz noted that the initial project was supposed to be 104,000 square feet, but with the interest in the property the developer decided to increase the square footage. Ms. Ruiz stated that hopefully this development along with the Portage Prairie Development will bring in Chicago businesses to the South Bend Area and create even more spin off business for South Bend. The toll road and the airport are fabulous for this location and they hope to see more businesses coming this way. A Public Hearing was held on the Resolution at this time Councilmember Dieter asked about the property that they are building onto the Westside and how many acres does that contain. Ms. Ruiz stated that it is 11.7 acres. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution, Councilmember Puzzello made a motion to adopt this Resolution. Councilmember Davis seconded the motion which carried and the Resolution was adopted by a roll call vote of eight (8) ayes. BILL NO. 08-20 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3445 WILLIAM RICHARDSON DRIVE AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FOUR (4) YEAR REAL PROPERTY TAX ABATEMENT FOR JADE ELEPHANT HOLDING, LLC (LAKE MICHIGAN MAILERS, INC.) BILL NO. 08-21 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3445 WILLIAM RICHARDSON DRIVE AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR LAKE MICHIGAN MAILERS, INC. (JADE ELEPHANT HOLDING, LLC) 6