12-13-99 Council Meeting Minutes

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REGULAR MEETING DECEMBER 13, 1999 Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. 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. Thomas F. Lewis, III, 1800 City Center, 211 West Washington Street, South Bend, Indiana, made the presentation for this Resolution. Mr. Lewis advised the Council that PTD Properties, Inc. provides recreation for the entire family. This rehabilitation project will consist of enclosing a dock to enlarge the family recreation area, installation of bowling lanes and pool tables and improvements to the second floor of the building to expand the recreation area. The proj ect will also include parking lot repaving and improvements and lot acquisition. The estimated cost of the project is four hundred ninety -five thousand dollars ($495,000.00). It is estimated that this project will create eight (8) new permanent jobs within the first year representing a new annual payroll of one hundred fourteen thousand four hundred dollars ($114,400.00) and will maintain four (4) existing permanent full -time jobs and three (3) part-time jobs representing an annual payroll of ninety -three thousand six hundred dollars ($93,600.00). This building was an industrial warehouse and is being converted to commercial use. The purpose of the rehabilitation is to expand the operation of the business to expand its customer base and make it a desirable facility for customers to attend. They believe tax abatement is appropriate for this project and it will be of a substantial benefit to the community. This tax abatement will provide the needed cash flow that they need. Mr. Ted Merin, 1202 South Lafayette Boulevard, South Bend, Indiana, owner of the property, addressed the Council and noted that this business started in 1996 as the Pool Table Doctor. Mr. Merin submitted to the Council photographs of the business and stated that they have a creed of respect to which he expects all people to adhere. He noted that he has invested two hundred thousand dollars ($200,000.00) in remodeling. 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 Kelly made a motion to adopt this Resolution. Councilmember Hosinski seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. RESOLUTION 2820 -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 814 SOUTH MAIN STREET, SOUTH BEND, INDIANA, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR RINK RIVERSIDE PRINTING, INC. 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 814 South Main Street, South Bend, Indiana, and which is more particularly described as follows: