11-22-99 Community & Economic Development

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Community and Economic Development Committee November 22, 1999 Page 3 Mr. William Faust and Mr.Jim Elgin made the presentation. They noted that the petitioner is the manufacturer of adhesives and sealants. The project would permit the construction of a 18,000 square foot addition to provide additional space for raw material and finished goods storage for an estimated cost of$ 396,250.00.The project would create three (3) new permanent full-time jobs and maintains 124 existing permanent full-time jobs. In response to a question from Council President Coleman, it was noted that they would be the 5th owner of the property in question which they showed on an aerial photo to the Committee. There was a Chapter 11 filing in 1992 with employment being downsized from 10,000 employees to 130 employees. Following discussion, Council Member King made a motion, seconded by Council Member Sniadecki, that Bill No. 99-118 be recommended favorably to Council. The motion passed. The Committee then reviewed Bill No. 99-119 which would authorize the Urban Enterprise Association of South Bend, Inc. to submit an application for an Enterprise Zone boundary modification to the Indiana Urban Enterprise Zone Board. Pam Meyer made the presentation. She noted that the new legislation permits a maximum size zone to be increased from three(3)to four(4) square miles. The proposed expansion would include four (4) distinct components, namely: Allied Signal/Bosch Braking Systems, La Salle Square Commercial Center, additional residential areas of the New Westside neighborhood, and a portion of the Lincolnway West Corridor. Dr. Varner requested a readable map of the area in question for the entire Council. There being no further business to come before the Committee, Council Member Kelly adjourned the meeting at 4:48 p.m. Respectfully submitted, Council Member Roland Kelly, Chairperson Community and Economic Development Committee KCF:kmf Attachments