09-28-93 Human Resources & Economic Development

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'4. I Committee Report HUMAN RESOURCES AND ECONOMIC DEVELOPMENT To the Common Council of the City of South Bend: The September 28, 1993, meeting of the Human Resources and Economic Development Committee was called to order by its' Chairperson, Council Member Roland Kelly, at 4: 00 p.m. in the Council Informal Meeting Room. Persons in attendance included Council Members: Luecke, Washington, Kelly, Puzzello, Slavinskas, Zakrzewski, Coleman, Duda, Ladewski; Beth Leonard, Mike Beitzinger, Ann Kolata, T. Brooks Brademas, Assistant Chief Joel Wolvos, Richard Arnesen, Helen Bradberry, Jon Hunt, John Stancati, Pam Meyer, William Egan, Richard Hill, Barbara Gato, David Fritz, Don Proter, Bob Tennyson, and Kathleen Cekanski- Farrand. Council Member Kelly noted that the first item on the agenda was to review' Resolution No. 93-74 which is a Personal Property Tax Abatement request for Plastic Solutions, Inc. with offices at 701 West Chippewa Avenue. Mr. Mike Beitzinger then reviewed the report of the Department of Economic Development dated September 21, 1993, finding that the proposed petition meets all criteria for tax abatements (copy attached) . Mr. Robert W. Tennyson, the President of the Company, then made a further presentation. He noted that the total cost of the project would be 1 million 485 thousand dollars, it would create 36 new permanent full-time jobs with a payroll of approximately 651 thousand dollars, and maintain 51 existing full-time jobs. He noted that the business began in April of 1992 . Following further discussion, a motion was made and seconded that Resolution No. 93-74 be recommended favorably to Council. The motion passed. The Committee then reviewed Resolution No. 93-73 which is a 10 (ten) year Real Property Tax Abatement request by the South Bend Redevelopment Commission on behalf of RKE, Inc. (d/b/a Stephenson Mill) for the property located at 322 East Colfax Avenue.