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09-27-99 Council Meeting Minutes
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09-27-99 Council Meeting Minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
9/27/1999
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REGULAR MEETING <br />SEPTEMBER 27, 1999 <br />for and is granted property tax deduction for a period of five (5) years. <br />SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption <br />of this Declaratory Resolution for Personal Property Tax Abatement to be published pursuant to <br />Indiana Code 5 -3 -1, said publication providing notice of the public hearing before the Common <br />Council on the proposed confirming of said declaration. <br />SECTION VII. This Resolution shall be in full force and effect from and after its adoption <br />by the Common Council and approval by the Mayor. <br />s /Sean Coleman <br />Member of the Common Council <br />Councilmember Kelly reported that the Community and Economic Development Committee met <br />on this Resolution and sends it to the Council with a favorable recommendation. <br />Mr. Philip J. Faccenda, Jr., Barnes & Thornburg, 6001" Source Center, 100 North Michigan Street, <br />South Bend, Indiana, made the presentation for this Resolution on behalf of the Petitioners, Lock <br />Joint Tube, Inc.. Mr. Faccenda informed the Council that Mr. Bob Strzelecki, Controller for Lock <br />Joint Tube was also present to answer any questions the Council may have. <br />Mr. Faccenda noted that this is one (1) of three (3) tax abatements which Lock Joint has. requested <br />for Phase I of expansion projects at their two (2) locations. <br />The five (5) year personal property tax abatement for the facility located at 515 West Ireland Road, <br />is for new equipment. This facility produces three inch (3 ") steel tubing for the automotive industry <br />and they would like to purchase a new high speed mill line and related equipment with an estimated <br />cost of between $2.5 and $3.5 million dollars in order to increase capacity. <br />A Public Hearing was held on this Resolution at this time. <br />There being no one present wishing to speak to the Council either in favor of or in opposition to this <br />Resolution, Councilmember Hosinski made a motion to adopt this Resolution. Councilmember <br />Aranowski seconded the motion which carried and the Resolution was adopted by a roll call vote <br />of nine (9) ayes. <br />RESOLUTION NO. 2791 -99 A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN <br />AREAS WITHIN THE CITY OF SOUTH BEND <br />COMMONLY KNOWN AS 1215 SOUTH WALNUT <br />STREET, SOUTH BEND, INDIANA AN ECONOMIC <br />REVITALIZATION AREA FOR PURPOSES OF <br />PERSONAL PROPERTY TAX ABATEMENT FOR LOCK <br />JOINT TUBE, INC. /KEYCORP CAPITAL <br />LEASING /STEEL WAREHOUSE CO. INC. <br />RESOLUTION NO. 2792 -99 A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN <br />AREAS WITHIN THE CITY OF SOUTH BEND <br />COMMONLY KNOWN AS 1215 SOUTH WALNUT <br />ROAD, SOUTH BEND, INDIANA AN ECONOMIC <br />REVITALIZATION AREA FOR PURPOSES OF A TEN <br />(10) YEAR REAL PROPERTY TAX ABATEMENT FOR <br />STEEL WAREHOUSE CO. INC. C/O LOCK JOINT TUBE, <br />INC. <br />1 <br />
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