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REGULAR MEETING NOVEMBER 26, 2012 <br /> <br /> <br /> <br /> <br /> <br /> s/Derek Dieter <br /> Member of the Common Council <br /> <br />Mr. Jack Welter, President & CEO Elkhart Plastics, 3300 N. Kenmore, South Bend, Indiana, <br />made the presentation for this bill. <br /> <br />Mr. Welter advised that E. W. Marine, Inc. DBA Indiana Rotomolding, Inc. is a custom plastic <br />processor utilizing the rotational molding process to manufacture yellow crash barrels for <br />highway safety, along with a wide variety of other small and large hollow products which are <br />shipped up to 800 miles away. EW Marine, Inc. DBA Indiana Rotomolding intends to purchase <br />equipment in the amount of $1,000,000 to complement current equipment in order to support <br />client demands and higher volume. Total taxes to be abated during the five year period are <br />estimated at $15,039. Total taxes being paid are estimated at $168,072. Per the petition, it is <br />estimated that the total project will create at least twenty (20) new, permanent, full-time jobs in <br />the first year of production representing a new annual payroll of at least $900,000. The project <br />will maintain seventy (70) existing, permanent, full-time jobs with a total annual payroll of <br />$2,500,000. <br /> <br />A Public Hearing was held on the Resolution at this time. <br /> <br />There being no one present wishing to speak to the Council either in favor of or in opposition to <br />this Resolution, Councilmember Varner made a motion to adopt this Resolution. <br />Councilmember Oliver Davis seconded the motion which carried and the Resolution was <br />adopted by a roll call vote of nine (9) ayes. <br /> <br /> <br />RESOLUTION NO. 4219-12 A RESOLUTION OF THE COMMON COUNCIL OF <br /> THE CITY OF SOUTH BEND, INDIANA, RENEWING <br /> AND EXTENDING THE TERM OF THE SOUTH BEND <br /> URBAN ENTERPRISE ZONE <br /> <br /> WHEREAS, the Common Council of the City of South Bend, Indiana, (the “Common <br />Council”) has a continuing interest in the economic and community development of the City of <br />South Bend, Indiana (the “city”) and its residents; and <br /> <br /> WHEREAS, The South Bend Urban Enterprise Zone (the “Enterprise Zone”), which is <br />governed by Indiana Code 5-28-15 (the “Act”), was established on January 1, 2004, all pursuant <br />to the Act, and has been active in enhancing and promoting economic and community <br />development within the Enterprise Zone and the City; and <br /> <br /> WHEREAS, the current designation term of the Enterprise Zone is scheduled to expire on <br />December 31, 2012; and <br /> <br /> WHEREAS, Indiana Code 5-28-15-10(b) of the Act authorizes the Common Council to <br />extend the current term of the Enterprise Zone for an additional five (5) years without application <br />to or authorization by the Indiana Economic Development Corporation; and <br /> <br /> WHEREAS, it is the desire and intent of the City to extend the current term of the <br />Enterprise Zone to continue for an additional five (5) years until December 31, 2008; and <br /> <br /> WHEREAS, after being fully advised in the matter, <br /> <br /> NOW THEREFORE, BE IT HEREBY RESOLVED BY THE COMMON COUNCIL <br />OF THE CITY OF SOUTH BEND, ST JOSEPH COUNTY, INDIANA, THAT: <br /> <br /> <br /> Section 1. The Common Council finds that the Enterprise Zone facilitates and promotes <br />economic and community development in the City and for its residents and hereby reaffirms its <br />support of the Enterprise Zone. <br />11 <br /> <br /> <br />