05-14-01 Council Meeting Minutes

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REGULAR MEETING MAY 14, 2001 SECTION I. 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 Personal 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 II. The Common Council hereby determines that the property owner is qualified for and is granted Personal Property tax deduction for a period of five (5) 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 III. 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 Ms. Anne Bruneel, Baker & Daniels, Attorneys at Law, 205 West Jefferson Boulevard, South Bend, Indiana, made the presentation for these bills. Ms. Bruneel informed the Council that the Petitioners seek real and personal property tax abatement for a proposed new manufacturing facility to be located at 4201 Linden Avenue and for associated new manufacturing equipment. This is a sixty thousand (60,000) square foot facility proposed to be constructed by Foxtrot Realty and leased to GTA Containers. GTA Containers is a manufacturer of collapsible containers with significant contracts with the U.S. Department of Defense. The estimated cost of the building improvements will be $1.5 million dollars and the cost of the equipment is estimated to be three hundred thousand dollars ($300,000.00). It is anticipated that the project will create two (2) new permanent jobs in the first year and eight (8) additional jobs in the second and third years. Ms. Bruneel noted that Yatish Joshi is also present to answer any questions. A Public Hearing was held on the Resolutions at this time. There was no one present wishing to speak to the Council either in favor of or in opposition to these Resolutions. Therefore, Councilmember Coleman made a motion to adopt Resolution No. 3008 -01. Councilmember Varner seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. Additionally, Councilmember Coleman made a motion to adopt Resolution No. 3009 -01. Councilmember Kelly seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. RESOLUTIONNO. 3010 -01 A RESOLUTION RECONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1137 S. LAFAYETTE BOULEVARD TO BEAN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR EXACTO, INC. OF SOUTH BEND WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and