12-13-99 Council Meeting Minutes

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REGULAR MEETING DECEMBER 13, 1999 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 seq. 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 /Sean Coleman Member of the Common Council Councilmember Kelly made motion to hear the substitute version of this bill. Councilmember King seconded the motion which carried by a voice vote of eight (8) ayes. Mr. Rick McKeel, Chief Financial Officer, P.O. Box 71, 324 E. Dewey, Buchanan, Michigan, made the presentation for this Resolution. Mr. McKeel stated that New Carbon Company, Inc. is a manufacturer of Golden Malted Pancake and Waffle Flour products and commercial Waffle Bakers. The company is transferring approximately sixty thousand dollars ($60,000.00) worth of equipment from their Buchanan location to the William Richardson Drive location. This includes drill presses, sand blasters, ovens, materials handling equipment, office furniture and fixtures and all other related equipment. In addition, the company is projecting to purchase between two hundred thousand dollars ($200,000.00) to three hundred thousand dollars ($300,000.00) of new equipment. It is estimated that the project will create five (5) to eight (8) new permanent jobs, representing a new annual payroll of two hundred thousand dollars ($200,000.00) to three hundred thousand dollars ($300,000.00) per year and will maintain twenty -seven (27) existing jobs representing an annual payroll of eight hundred forty -four thousand nine hundred five ($844,905.00) dollars. Mr. McKeel concluded by stating that they are excited about the growth and development of the business in South Bend. A Public Hearing was held on this 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 Ujdak made a motion to adopt this Resolution as substituted. Councilmember Sniadecki seconded the motion which carried and the Resolution was adopted by a roll call vote of eight (8) ayes. BILL NO. 99 -121 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2001 WEST WASHINGTON STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR UNIROYAL TECHNOLOGY CORPORATION 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 2001 West Washington Street, South Bend, Indiana, and which is more particularly described as follows: PARCEL I Lots Numbered 67, 68, 69, 70, 71, 72, 73, 74, 75, 76 and 77 as shown on the recorded plat of Clement Studebaker's Oak Grove Subdivision in the City of South Bend, recorded in Plat Book 7, page 4 in the Office of the Recorder of St. Joseph County, Indiana.