04-09-01 Council Meeting Minutes

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REGULAR MEETING APRIL 9, 2001 SECTION III. The Common Council hereby accepts the report and recommendation of the Department of Community and Economic Development, and the Community and Economic Development Committee's favorable recommendation, that the area herein described be designated 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 /Charlotte Pfeifer Member of the Common Council Councilmember Kelly reported that the Community and Economic Development Committee met on this bill and recommends this Resolution to the Council favorably. Mr. Richard J. Deahl, Barnes & Thornburg, 600 1St Source Center, 100 North Michigan Street, South Bend, Indiana, made the presentation for this Resolution on behalf of the petitioner. Mr. Deahl advised that Mossberg is requesting tax abatement for their property located on East Sample Street. The abatement is on a proposed investment in the amount of $3,150,000.00 for a new off- set printing press and two (2) bindery machines that will enable them to compete in a broader market and print a wider range of products on larger stock paper. This investment will add approximately three (3) to four (4) new jobs representing an annual payroll of between one hundred fifty thousand ($150,000) dollars and two hundred thousand ($200,000) dollars and will enable Mossberg to maintain the existing workforce of one hundred and thirty (130) full time employees representing an annual payroll of six million seven hundred fifty thousand ($6,750,000.00) dollars. 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 Kelly made a motion to adopt this Resolution. Councilmember Coleman seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. RESOLUTION NO. 2985 -01 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 13 8,701, AND 705 BROADWAY AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR CITY OF SOUTH BEND BOARD OF PUBLIC WORKS, AND AMERICAN HOME DREAMS, INC. n u 1