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REGULAR MEETING May 23, 2022 <br /> <br />4 <br /> <br />Vice President Sheila Niezgodski requested a recommendation from the Committee of the Whole. <br />Councilmember Canneth Lee responded, Bill No. 19-22 comes to the full Council with a favorable <br />recommendation. <br />Vice President Niezgodski entertained a motion regarding Bill No. 19-22. <br />Councilmember Eli Wax motioned for passage. <br />Councilmember Lee seconded. <br />Vice President Niezgodski states Bill No. 19-22 has been moved and seconded. Made request for <br />roll call. <br />Clerk Dawn Jones responded with eight (8) ayes. <br />Vice President Niezgodski stated that Bill No. 19-22 has been adopted. <br />RESOLUTIONS <br />22-21 A RESOLUTION OF THE COMMON <br />COUNCIL OF THE CITY OF SOUTH <br />BEND, IN DESIGNATING CERTAIN <br />AREAS WITHIN THE CITY OF SOUTH <br />BEND, IN, COMMONLY KNOWN AS <br />INTERSECTION DYLAN DRIVE AND <br />ADAMS RD. SOUTH BEND, IN 46628 <br />AND ECONOMIC REVITALIZATION <br />AREA FOR PURPOSES OF SEVEN (7) <br />YEAR REAL PROPERTY TAX <br />ABATEMENT FOR GLC PORTAGE <br />PRAIRIE V LLC. <br />Vice President Sheila Niezgodski requested recommendation. <br />Committee Chair Lori Hamann stated Bill No. 22-21 comes to the Council with a full <br />recommendation. <br />Vice President Niezgodski requested petitioner. <br />Caleb Bauer, Acting Executive Director of the Department of Community Investment, offices <br />located on the 14th floor of the County City Building proposed a real property tax abatement for <br />real property at the intersection of Dylan Dr. and Adams Rd. Bower requests approval for a $15.3- <br />million-dollar private investment in a Spec Warehouse Building. This is a seven (7) year <br />abatement program, and the approved plan will result $1.8-million dollars in abated taxes with a <br />net tax above six hundred and eighty-eight thousand dollars. ($688,000.00). Caleb Bower states <br />property currently has a fifteen hundred dollars ($1,500.00) annual property tax. Bower states there <br />is an anticipation of three hundred and sixty-seven thousand dollars ($367,000.00). in property <br />taxes after the completion of the property. The property will have a total tax value of 1.8 million <br />dollars with a seven (7) year tax abatement. <br />Jeff Smoke, Great Lakes Capital, 112 W. Jefferson stated he appreciates the support from the <br />Council <br />Vice President Niezgodski requested questions from the Council. <br />Councilmember Hamann inquired about the point systems used for the abatement property. <br />Caleb Bauer stated the point system is utilized to determine the abatement. <br />Councilmember Hamann stated the Community Investment Committee needs a more adequate <br />tool to assess a spec building without a tenant.