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04-09-01 Council Meeting Minutes
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04-09-01 Council Meeting Minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
4/9/2001
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REGULAR MEETING <br />APRIL 9, 2001 <br />SECTION III. The Common Council hereby accepts the report and recommendation of the <br />Department of Community and Economic Development, and the Community and Economic <br />Development Committee's favorable recommendation, that the area herein described be designated <br />as an Economic Revitalization Area for purposes of personal property tax abatement and hereby <br />makes such a designation. <br />SECTION IV. The Common Council determines that such designation is for personal <br />property tax abatement only and shall be limited to two (2) calendar years from the date of the <br />adoption of this Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the property owner is qualified <br />for and is granted property tax deduction for a period of five (5) years. <br />SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption <br />of this Declaratory Resolution for Personal Property Tax Abatement to be published pursuant to <br />Indiana Code 5 -3 -1, said publication providing notice of the public hearing before the Common <br />Council on the proposed confirming of said declaration. <br />SECTION VII. This Resolution shall be in full force and effect from and after its adoption <br />by the Common Council and approval by the Mayor. <br />s /Charlotte Pfeifer <br />Member of the Common Council <br />Councilmember Kelly reported that the Community and Economic Development Committee met <br />on this bill and recommends this Resolution to the Council favorably. <br />Mr. Richard J. Deahl, Barnes & Thornburg, 600 1St Source Center, 100 North Michigan Street, <br />South Bend, Indiana, made the presentation for this Resolution on behalf of the petitioner. <br />Mr. Deahl advised that Mossberg is requesting tax abatement for their property located on East <br />Sample Street. The abatement is on a proposed investment in the amount of $3,150,000.00 for a <br />new off- set printing press and two (2) bindery machines that will enable them to compete in a <br />broader market and print a wider range of products on larger stock paper. This investment will add <br />approximately three (3) to four (4) new jobs representing an annual payroll of between one hundred <br />fifty thousand ($150,000) dollars and two hundred thousand ($200,000) dollars and will enable <br />Mossberg to maintain the existing workforce of one hundred and thirty (130) full time employees <br />representing an annual payroll of six million seven hundred fifty thousand ($6,750,000.00) dollars. <br />A Public Hearing was held on the Resolution at this time. <br />There being no one present wishing to speak to the Council either in favor of or in opposition to this <br />Resolution, Councilmember Kelly made a motion to adopt this Resolution. Councilmember <br />Coleman seconded the motion which carried and the Resolution was adopted by a roll call vote of <br />nine (9) ayes. <br />RESOLUTION NO. 2985 -01 A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN <br />AREAS WITHIN THE CITY OF SOUTH BEND, <br />INDIANA, COMMONLY KNOWN AS 13 8,701, AND 705 <br />BROADWAY AS A RESIDENTIALLY DISTRESSED <br />AREA FOR PURPOSES OF A FIVE (5) YEAR <br />RESIDENTIAL REAL PROPERTY TAX ABATEMENT <br />FOR CITY OF SOUTH BEND BOARD OF PUBLIC <br />WORKS, AND AMERICAN HOME DREAMS, INC. <br />n <br />u <br />1 <br />
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