04-23-01 Council Meeting Minutes

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REGULAR MEETING APRIL 23, 2001 NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council pursuant to Section 2 -84 of the South Bend Municipal Code finds the six (6) years is the appropriate and rational time period for this tax abatement in light of the following: 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 jobs 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. SECTION II. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION III. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of six (6) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et. sea. SECTION IV. 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. Paul Witek, Treasurer and Chief Financial Officer, 3801 Voorde Drive, South Bend, Indiana, made the presentation for this Resolution. Mr. Witek advised that this abatement is for the addition to their facility located in the Airport Industrial Park. This is the second expansion of the facility in as many years. The first, completed last year, was ten thousand five hundred (10,500) square feet and they doubled the ten (10) jobs they estimated when they completed the application at that time. When this expansion is completed later this year, they will have added a total of twenty -six thousand (26,000) square feet over the last two (2) years and added forty (40) jobs with a total economic impact in the community of over $1 million dollars. This expansion is being fueled by the demand for packaged control rooms used in the utility industry which are the brains that control the gas fired electric generating plants being built all over the country. 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 Aranowski 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 nine (9) ayes. RESOLUTION NO. 2993 -01 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA,