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06-23-97 Council Meeting Minutes
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06-23-97 Council Meeting Minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
6/23/1997
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REGULAR MINUTES <br />JUNE 23, 1997 <br />employment will be retained can be reasonably <br />expected to result from the proposed installation <br />of new equipment; <br />(d) any other benefits about which information was <br />requested are benefits that can be reasonably <br />expected to result from the proposed installation <br />of new manufacturing equipment; and <br />(e) the totality of benefits is sufficient to justify <br />the deduction requested. <br />SECTION II. The Common Council hereby determines and finds <br />that the proposed new manufacturing equipment can be reasonably <br />expected to yield the benefits identified in the State of <br />Benefits as set forth in Section 1 through 3 of the Petition for <br />Personal Property Tax Abatement Consideration and that the <br />Statement of Benefits form completed by the Petitioner, said form <br />being prescribed by the State Board of Accounts, are sufficient <br />to justify the deduction granted under Indiana Code 6- 1.1 -12.1- <br />4.5. <br />SECTION III. The Common Council hereby accepts the report <br />and recommendation of the Department of Economic Development, and <br />the Human Resources and Economic Development Committee's <br />favorable recommendation, that the area herein described be <br />designated as Economic Revitalization Area for purposes of <br />personal property tax deduction for a period of five (5) years. <br />SECTION IV. The Common Council determines that such <br />designation is for personal property tax abatement only and shall <br />be limited to two (2) calendar years from the date of the <br />adoption of this Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the <br />property owner is qualified for and is granted property tax <br />deduction for a period of five (5) years. <br />SECTION VI. The Common Council directs the City Clerk to <br />cause notice of the adoption of this Declaratory Resolution to be <br />published pursuant to Indiana Code 5 -3 -1, said publication <br />providing notice of the public hearing before the Common Council <br />on said declaration. <br />SECTION VII. This resolution shall be in full force and <br />effect from and after its adoption by the Common Council and <br />approval by the Mayor. <br />/s/ Roland Kelly <br />Member of the Common Council <br />A public hearing was held on the resolution at this time. <br />Council Member Broden reported that the Community and Economic <br />Development Committee had met on this bill and had no <br />recommendation, since the petitioner did not attend the committee <br />meeting. He made a motion to amend this resolution to delete the <br />comma and the word "and" in the second whereas clause, and place <br />a period after the word law; remove the third whereas clause; and <br />in Section III remove "and the Community and Economic Development <br />Committee's favorable recommendation, ", seconded by Council <br />Member Sniadecki. The motion carried.` Ben Crocker, plant <br />manager, made the presentation for the resolution. He indicated <br />their project consists of the purchase of vacuum furnaces. He <br />reported they need this new equipment in order to remain <br />competitive. He advised that this company had been in business <br />in South Bend since 1982. Ann Kolata, Deputy Council Member, <br />spoke in favor of this abatement. Council Member Coleman made a <br />motion to adopt this resolution, seconded by Council Member <br />Broden. The resolution was adopted by a roll call vote of nine <br />ayes. <br />RESOLUTION NO. 2472 -97 A RESOLUTION OF THE COMMON COUNCIL OF <br />THE CITY OF SOUTH BEND DESIGNATING <br />1 <br />1 <br />
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