07-28-97 Community & Economic Development

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670W i✓!'i&4tw 916ot -&- Community and Economic Development Committee 9�- d�& &MM4001 &"Cd Oltlfel aoP VrJ&fft4 OM& The July 28, 1997 meeting of the Community and Economic Development Committee was called to order by its Chairperson, Council Member John Broden at 4:30 p.m. in the Council informal meeting room. Persons in attendance included Council Members: Kelly, Aranowski, Pfeifer, Broden, Varner, Udjak, Coleman, Hosinski, Sniadecki; Terry Bland, Dave Coker, Jerry Christianson, Don Inks, Jerry Lehrman, Sue Hodgson, Mike Beitzinger, Phil Faccenda, Ann Bockenkamp, and Kathleen Cekanski- Farrand. Councilmember Broden noted that the first item on the agenda was to review Resolution No. 97 -57 which is a five year personal property tax abatement request for the property located at 5021 F.J. Nimtz Parkway for Midwest Land Company.. He recommended that it be heard with Bill No. 97 -58 which is a 10 year real property tax abatement request for the same property location and same petitioner. Mr. Mike Beitzinger made the presentation on the behalf of Midwest Land Company doing business as Bowne and Co. Inc. It was noted that manufacturing facility would take place on 11.2 acres in the Blackthorn development area. The building would be 120,000 sq. ft. to house a financial and commercial printing facility. The estimated cost of equipment would be 20 million dollars with a total project cost of 24 million dollars. 200 new permanent jobs would be created within the first year with an annual payroll of 8 million dollars. Mr. Phil Faccenda the attorney for the petitioner made a further presentation. He introduced Mr. Jerry Christianson who noted that the location is ideal for the printing and financial business since it is centrally located In response to a question raised by Council Member Pfeifer it was noted that the company hires individuals based on skill and ability. Council Member Coleman spoke in favor of the proposed tax abatements. Following discussion, Council Member Coleman made a motion seconded by citizen member Sue Hodgson that Bill Nos. 97 -57 and 97 -58 be recommended favorably to Council. The motion passed Council Member Uj dak noted that the height and area be corrected in the petition. Council Member Broden thanked the petitioner for bringing the facility to the city of South Bend. The Committee then reviewed Resolution No. 97 -60 which is a five year real property residential tax abatement request for Neighborhood Housing Services for property located at 1113 and 1121 Bissell St. Mr. Mike Beitzinger made the presentation on behalf of the community and the Community and Economic Development Department. He noted that the petitioner qualifies for the residential tax abatement and the cost for each new home would be between 68,000 to 70,000 for a total project cost of 136,000 (report attached).