09-24-01 Council Meeting Minutes

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REGULAR MEETING SEPTEMBER 24, 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 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 II. 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 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 seq. SECTION III. 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 Mr. Gerald F. Lerman, Vice President, Steel Warehouse Company, 1121 East Woodside, South Bend, Indiana, made the presentation for these Resolutions. Mr. Lerman stated that these tax abatements relate to both real property and personal property and involve a project that would include the acquisition of new equipment and a building to house the equipment estimated between $2.5 million and $5.6 million dollars in total investment. The project will allow for a new product line and help secure some of the product lines that they have now. Mr. Lerman further stated that it is estimated that ten (10) full time employees will be added at the start with more added if the project is successful. A Public Hearing was held on the Resolutions at this time. There being no one present wishing to speak to the Council either in favor of or in opposition to these Resolutions, Councilmember Coleman made a motion to adopt Bill No. 01 -76 (Resolution No. 3035 -01). Councilmember Varner seconded the motion which carried and this Resolution was adopted by a roll call vote of nine (9) ayes. Additionally, Councilmember Coleman made a motion to adopt Bill No. 01 -77 (Resolution No. 3036 -01). Councilmember White seconded the motion which carried and this Resolution was adopted by a roll call vote of nine (9) ayes. RESOLUTION NO. 3037 -01 A RESOLUTION OF THE COMMON COUNCIL AND THE MAYOR OF THE CITY OF SOUTH BEND, INDIANA, EXPRESSING THE CITY'S SUPPORT TO PROJECT FUTURE IN CALENDAR YEARS 2002 THROUGH 2006 WHEREAS, the Mayor and the Common Council of the City of South Bend, Indiana, acknowledge that for the past eighteen (18) years Project Future has promoted South Bend, Mishawaka and St. Joseph County for economic development purposes; and WHEREAS, over this period of time, Project Future has assisted in numerous major -22- Lj C 1