07-26-99 Council Meeting Minutes

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REGULAR MEETING JULY 26, 1999 Development Committee's favorable recommendation, that the area herein described be designated as an Economic Revitalization Area for purposes of personal property tax abatement and hereby makes such a designation. SECTION IV. The Common Council determines that such designation is for personal property tax abatement only and shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Personal Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s /Sean Coleman Member of the Common Council Councilmember Kelly reported that the Community & Economic Development Committee met on this Resolution and sends it to the Council with a favorable recommendation. Mr. James P. Knepp, Attorney at Law, Hahn, Walz and Knepp, 509 West Washington Avenue, South Bend, Indiana, advised that he represents JRS Enterprises and AAA Tool and Die Company. He noted that Mr. John Shirrell, Manager, JRS Enterprises and President and Chief Operating Officer for AAA Tool and Die Company was also present.. Mr. Knepp noted that AAA Tool and Die Company has been a local family owned business in South Bend since 1961. JRS Enterprises wants to purchase state of the art equipment which is the first stage of a change over of equipment to maintain the competitive advantage they have which within the tool and die industry is a necessity to either improve or close. Mr. Knepp asked for the Council's support of this tax abatement. 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 Hosinski made a motion to adopt this Resolution. Councilmember Sniadecki seconded the motion which carried and the Resolution was adopted by a roll call vote of eight (8) ayes. RESOLUTION NO. 2772-99 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 4404 NIMTZ PARKWAY AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR HALDEX GARPHYTTAN CORPORATION WHEREAS, a petition for personal property tax abatement consideration has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known as 4404 Nimtz Parkway, South Bend, Indiana, and which