01-14-02 Council Meeting Minutes

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REGULAR MEETING JANUARY 14, 2002 SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. s /Charlotte Pfeifer Member of the Common Council Mr. Jeff McGowan, CPA, Kruggel, Lawton & Company, South Bend, Indiana, Suite 200, South Bend, Indiana, made the presentation for this Resolution on behalf of AQM Products and the Trustee of the owners, Mr. Ty Putrich, who was also present. Mr. McGowan advised that this tax abatement is sought on approximately five hundred thousand dollars ($500,000.00) worth of equipment which will provide a projected six (6) to ten (10) permanent full time jobs with a payroll range of two hundred ten thousand dollars ($210,000.00) to three hundred fifty thousand dollars ($350,000.00). Mr. McGowan noted for the record that this is used manufacturing equipment but falls under the criteria of Indiana Code 6 -1.1 -12.1 §3 in that it is being acquired by its owner, AQM Products, for manufacturing and has never before been used by AQM products for any purpose prior in Indiana. The equipment at this time has not been installed, 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 eight (8) ayes. RESOLUTION NO. 3057 -02 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1922 HUEY STREET RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR JAMES AND LESLEY TURNER WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 1922 Huey Street, South Bend, Indiana, and which are more particularly described as follows: Lot numbered Eighty -Six (86) in Jackson's Proposed Subdivision in the City of South Bend. and this property has Key Number 18- 2113 -4146, be designated as a Residentially Distressed Area WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and -7-