02-23-04 Council Meeting Minutes

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REGULAR MEETING FEBRUARY 23 2004 a wire EDM. The new equipment will allow the company to increase production. The estimated project cost is $250,000. This petition will allow for the creation of four(4) new permanent jobs within the first year, representing a new annual payroll of$150,000 Per the petition, it is estimated that this project will help retain twenty(20) current jobs, representing a payroll of $823,560. A Public Hearing was held on the Resolution at this time. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution, Councilmember Coleman made a motion to adopt this Resolution. Councilmember Kuspa seconded the motion which carried and the Resolution was adopted by a roll call vote of eight (8) ayes. RESOLUTION NO. 3306-04 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 515 WEST IRELAND ROAD, SOUTH BEND, INDIANA 46614, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR LOCK JOINT TUBE, INC. WHEREAS,a petition for personal property tax abatement consideration has been filed with the City Clerk for consideration by the Common Council of the City of South Bend,Indiana,requesting that the area commonly known as 515 West Ireland Road, South Bend, Indiana, and which is more particularly described as follows: A parcel of land located in the Southeast Quarter(S.E. 1/4) of the Northeast Quarter(N.E. 1/4) of Section Twenty-Six (26), Township Thirty-Seven (37) North, Range Two (02) East of the Second(2nd) Principal Meridian and all being in Center Township, City of South Bend, St. Joseph County, Indiana and being more particularly described as follows: Commencing at the southeast corner of the Southeast Quarter(S.E. 1/4) of the Northeast Quarter(N.E.1/4) of said Section Twenty-Six (26); thence South 90'- 00'-00" West (Bearing derived from description shown in Title Commitment 9501843 ) as issued by St. Joseph Title Corp.), along the south line of the Southeast Quarter(S.E.1/4) of the Northeast Quarter(N.E.1/4) of said Section Twenty-Six (26) and also being along the centerline of a public road now known as Ireland Road, a distance of 400.00 feet; thence North 01°- 30'-47" East, parallel with and 400.00 feet west of the east line of the Southeast Quarter (S.E. 1/4) of said Section Twenty-Six (26), a distance of 40.01 feet to the Point of Beginning of this description, said point of beginning being on the north right of way line of said Ireland Road and also being the southwest corner of a parcel conveyed to Roger R. Atwell and Eleanor Atwell as described in Quit Claim Deed No. 9416618; thence South 90 °- 00'-00" West, along said north right of way line of Ireland Road and being parallel with and 40.00 feet north of the south line of the Southeast Quarter(S.E. 1/4) of the Northeast Quarter(N.E. 1/4) of said Section Twenty-Six (26), a distance of 891.36 feet to a point on the west line of the Southeast Quarter(S.E.1/4) of the Northeast Quarter(N.E.1/4) of said Section Twenty-Six (26) and also being the southeast corner of a parcel conveyed to Louanne Osborne as described in Warranty Deed 9326881; thence North 00°- 58'- 55" East, along the west line of the Southeast Quarter(S.E.1/4) of the Northeast Quarter(N.E.1/4) of said Section Twenty-Six (26) and also being along the east -8-