07-22-02 Council Meeting Minutes

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REGULAR MEETING JULY 22, 2002 as an Economic Revitalization Area for purposes of personal property tax abatement and hereby makes such a designation. SECTION IV. The Common Council determines that such designation is for personal property tax abatement only and shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Personal Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s/Roland Kelly Member of the Common Council Councilmember King reported that the Community and Economic Development Committee conducted a Public Hearing on this bill this afternoon and voted to send it to the full Council with a favorable recommendation. - Mr. Larry Gritton, Attorney at Law, Katz Randall Weinberg & Richmond, 333 West Wacker Drive, Suite 1800, Chicago, Illinois, informed the Council that he represents the Ely Chemical Company, Inc. and Mr. Andrew Jackson, its Managing Director, who is in England. Mr. Gritton noted that the company is committing a five (5) year lease in the area and is excited about the prospect of locating where their customers are centralized. A Public Hearing was held on the Resolution at this time. Ms. Patt Crowley, 1428 East Colfax Avenue, South Bend, Indiana, informed the Council that she is the owner of the property which the Ely Chemical Company has decided to lease for a five (5) year term. Ms. Crowley noted that the Ely Chemical Company conducted a site search in Indiana and Illinois and made their selection on South Bend based on distribution and infrastructure as well as recruiting in our community. This company is from Ely, England which is about seventy -five (75) miles north of London and is under the umbrella of the Dane Company which has been in business since 1853. They are a well - established company and this will be their first facility in North America. Ms. Crowley urged the Council to pass this Resolution favorably. There was no one else present wishing to speak in favor or in opposition to this Resolution. Therefore, Councilmember King made a motion to adopt this Resolution. Councilmember Pfeifer seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. BILLS - FIRST READING BILL NO. 54 -02 FIRST READING ON A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA TRANSFERRING FROM WATER WORKS BOND -11-