02-22-93 Council Meeting Minutes

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,)03 REGULAR MEETING FEBRUARY 22, 1993 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/ Stephen Luecke Member of the Common Council A public hearing was held on the above bills at this time. Council Member Kelly reported that the Human Resources Committee had met on these bills and recommended them to the Council favorable. Council Member Slavinskas made a motion to accept amended Bill No. 93 -14, seconded by Council Member Coleman. The motion carried. George Herendeen, attorney, made the presentation. He indicated Astar, Inc. is a manufacturer of injected plastic molded products. He indicated that the Moore's own the property, and Astar, Inc. will own the equipment. He indicated this project calls for construction of a new building of 11,000 square feet, rehabilitation of an existing building of 5000 square feet and installation of new injected plastic molding equipment. Council Member Coleman made a motion to adopt Resolution No. 93 -13, seconded by Council Member Duda. The resolution was adopted by a roll call vote of nine ayes. Council Member Coleman made a motion to adopt amended Resolution No. 93 -14, seconded by Council Member Washington. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 2015 -93 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 3615 AND 3511 WEST VOORDE DRIVE, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR CAPITOL TECHNOLOGIES, INC. WHEREAS, a petition for personal property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 3615 and 3511 W. Voorde Dr. South Bend, Indiana, and which is more particularly described as follows: 2.664 AC BEG. 814 FT. SO. & 727.2 E CENTER SEC. 22 -28 -2E 3511 Voorde Drive, South Bend, Indiana and this property has Key Number 18- 02184693816, and 3511 West Voorde Drive, and which is more particularly described as follows: Beg. 815.52's & 1348.23' W NE Cor. Sec 33 -38 -2E 2.61 acres and which has Key Number 18- 2184693816 be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1, et seq., and South Bend Municipal Code Sections 2 -76 et seq.; and WHEREAS, the Department of Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1- 12.1 -1, et seq., and South Bend Municipal Code Sections 2 -76 et seq., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the COMMON COUNCIL of the City of South Bend, Indiana, as follows: Section I. The Common Council hereby determines and finds pursuant to Indiana Code 6 -1.1- 12.1 -4.5, that; (a) the estimate of the cost of the new manufacturing equipment is reasonable for equipment of that type; (b) the estimate of the number of individuals that will be expected to result from the proposed installation of new manufacturing equipment; (c) the estimate of the annual salaries of those individuals who will be reasonably expected to result from the proposed installation of new equipment; (d) any other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed installation of new manufacturing equipment; and (e) the totality of benefits is sufficient to justify the deduction requested. SECTION II. The Common Council hereby determines and finds that the proposed new manufacturing equipment can be reasonably expected to yield the benefits identified in the Statement of Benefits as set forth in Section 1 through 3 of the Petition for Personal Property Tax Abatement Consideration and that the Statement of Benefits Form completed by the Petitioner, said form being prescribed by the State Board of Accounts, are sufficient to justify the deduction granted under Indiana Code 6 -1.1- 12.1 -4.5. SECTION III. The Common Council hereby accepts the report and recommendation of