04-09-01 Council Meeting Minutes

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REGULAR MEETING APRIL 9, 2001 The petitioner is an 80 year old South Bend based business, currently employing 294 with an annual payroll in excess of $11,500,000. 2. The company completed an expansion of their facility in 2000 and has already more than doubled the 10 new j obs promised in their previous abatement granted in 1999. 3. The proximity of the previous project with this project is within two years and the square footage of each project, when combined, exceed the requirements for a 6 year abatement. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of six (6) 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 /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, as substituted. Councilmember Coleman made motion to consider the substitute version of this bill. Councilmember Varner seconded the motion which carried by a voice vote of nine (9) ayes. Mr. Richard Pfeil, 3801 Voorde Drive, South Bend, Indiana, made the presentation for this Resolution. Mr. Pfeil informed the Council that Koontz Wagner Electric Company was started by Mr. Koontz on Cushing Street in 1921. He noted that they completed a program about a year ago with an addition to the east side of their Voorde complex. They now need to expand again and will then have a complex of about twenty -five thousand (25,000) square feet. He further noted that they will be building packaged control rooms and their main customer for this product is General Electric in New York. Mr. Pfeil noted that they started out this project with Phase I with the idea that they would add about ten (10) people for two hundred thirty -four thousand ($234,000.00) dollars in additional payroll. It now appears that they will add forty (40) jobs for $1 million dollars worth of additional payroll. Since these projects are in proximity to one another and the total is twenty - five thousand (25,000) square feet and the economic impact is $1 million dollars, they request a six (6) year tax abatement on the project. A Public Hearing was held on the Resolution at this time. There was no one present wishing to speak to the Council either in favor of or in opposition to this Resolution. Councilmember Coleman pointed out that this is a special exception as Mr. Pfeil has outlined the specific reasons for the request in extending the tax abatement from three (3) to six (6) years owing to its origin as part of a first phase that had already been completed. Councilmember Coleman made a motion to adopt this Resolution as substituted. Councilmember King seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes.