05-14-01 Council Meeting Minutes

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REGULAR MEETING MAY 14, 2001 WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: 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 Mr. Mark A. Witucki, representing Solvay Automotive Plastics & Systems, Inc., 1827 North Bendix Drive, South Bend, Indiana, made the presentation for this Resolution. Mr. Witucki informed the Council that Solvay Automotive is a custom injection molder for the automotive industry. This project calls for the purchase and installation of new manufacturing equipment. This equipment will be used to manufacture nylon air intake manifolds for General Motors and Daimler Chrysler. The total estimated cost of the equipment is $18 million dollars. It is estimated that this project will create thirty (30) new permanent jobs within the first year representing a new annual payroll of eight hundred twenty thousand ($820,000.00) dollars and will maintain ninety -five (95) existing permanent full time jobs with an annual payroll of $3.3 million 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 Aranowski 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. 3006 -01 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2920 WEST SAMPLE STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR PETERSEN PRINTING CORPORATION, DBA PETERSEN GRAPHICS GROUP 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 WHEREAS, a Declaratory Resolution designated the area commonly known as 2920 West Sample Street, South Bend, Indiana, and which is more particularly described as follows: