05-24-04 Council Meetng Minutes - Laserfiche WebLink

Home Browse Search

REGULAR MEETING MAY 24, 2004 SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of seven (7) years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6- 1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s/Karen L. White Member of the Common Council Councilmember Kelly, Chairperson, Community and Economic Development Committee, reported that this committee held a Public Hearing on this bill this afternoon and voted to send it to the full Council with a favorable recommendation. Mr. Robert A. Henry, The Robert Henry Corporation, 404 South Frances Street, P. O. Box 1407, South Bend, Indiana, made the presentation for this bill on behalf of USF Holland Inc. Mr. Henry advised that the petitioner USF Holland Inc. is seeking a seven (7) year tax abatement and plans to construct a 63,000 square foot distribution center on 26.43 acres of land bordered by the Indiana Toll Road, Cleveland Road and Mayflower Road. The total cost of the project is estimated to be between $6,200,000 and $6,500,000. The project reflects the need for expansion of the existing South Bend operation to accommodate anticipated growth. It has been estimated that this project will create fifteen (15) new permanent jobs within the first year, representing a new annual payroll of $825,000. This project will help retain two hundred fifty -eight (258) full -time jobs and four (4) part time jobs representing an annual payroll of $15,800,000. The projected average annual salary for each new position, is estimated to be $55,000.00. 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 Varner seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. RESOLUTION NO. 3334 -04 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, PROVIDING PRELIMINARY APPROVAL OF THE ISSUANCE OF BONDS FOR THE PURPOSE OF PROVIDING CERTAIN ECONOMIC DEVELOPMENT FACILITIES WHEREAS, the City of South Bend, Indiana (the "City ") is authorized by I.C. 36 -7 -11.9 and 12, as supplemented and amended (the "Act "), to issue revenue bonds for the financing of economic development facilities, the funds for said financing to be used for the acquisition, construction, installation and equipping of said facilities; and WHEREAS, MDC South Bend, LLC (the "Applicant ") has advised the South Bend Economic Development Commission (the "Commission ") and the City that it proposes that the City issue economic development revenue bonds for the purpose of 10