08-13-01 Council Meeting Minutes

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REGULAR MEETING AUGUST 13, 2001 WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and 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 pursuant to Section 2 -84 of the South Bend Municipal Code finds the ten 10 years is the appropriate and rational time period for this tax abatement in light of the following: The petitioner is a long time South Bend based business and is the headquarters for its worldwide operations. 2. The petitioner currently employs over 430 people in the South Bend office and has an annual payroll of over $28 million. The petitioner also projects to add 150 new people to its payroll over the next six years. 3. The petitioner wants to expand its capabilities in the training and seminar areas, which will result in thousands of new visitors to our community annually. 4. The petitioner cites the enormous costs associated with this project, with construction costs of nearly $7.8 million and total project costs of over $10.8 million. 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 ten 10 years, and further determined that the petition complies with Chapter 2, Article 65, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1.42 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 Councilmember King advised that in accord with the advice of the Council Attorney he will be abstaining from voting on Bill No. 01 -67. He stated that he has spent thirty -three (33) years working at Crowe Chizek and Company who is the Petitioner in this Resolution. He noted that he has retired from the firm but is currently receiving retirement payments and currently is able to participate in a medical insurance program although he pays for the entire premium. In light of these circumstances and for the avoidance of any hint of impropriety he will be abstaining from voting on this bill. However, he wanted to make it clear that he does not have any ownership interest in Crowe Chizek and Company and is not in any way employed by them. Mr. Dean Uminski, 330 East Jefferson Boulevard, South Bend, Indiana, made the presentation for this Resolution. Mr. Uminski stated that Crowe Chizek and Company would like to construct a new fifty thousand (50,000) square foot building adjacent to its current main building at 330 East Jefferson Boulevard. In order to accommodate the need for more parking room and future expansion to their downtown