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05-23-88 Council Meeting Minutes
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05-23-88 Council Meeting Minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
5/23/1988
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REGULAR MEETING MAY 23, 1988 <br />WHEREAS, the Department of Economic Development has concluded an investigation <br />and prepared a report with information sufficient for the Common Council to <br />determine that the area qualifies as an Economic Revitalization Area under Indiana <br />Code 6 -1.1- 12.1 -1, et sec., and South Bend Municipal Code section 2 -76, and has <br />further prepared maps and plats showing the boundaries and such other information <br />regarding the area in question as required by law; and <br />WHEREAS, the Human Resources and Economic Development Committee of the Common <br />Council has reviewed said report and recommended to the Common Council that the area <br />qualifies as an Economic Revitalization Area. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, <br />Indiana, as follows: <br />SECTION I. The Common Council hereby determines and finds that the Petition for <br />Personal Property Tax Abatement and State of Benefits form completed by the <br />Petitioner meet the requirements of I.C. 6 -1.1- 12.1 -1 et sec., and qualifies under <br />the provisions of South Bend Municipal Code Section 2 -76 for tax abatement. <br />SECTION II. The Common Council hereby determines and finds the following: <br />A. That the estimate of the value of the redevelopment or rehabilitation is <br />reasonable for projects of this nature; <br />B. That the estimate of the number of individuals who will be employed or <br />whose employment will be retained can reasonably be expected to result from the <br />proposed described redevelopment of rehabilitation; <br />C. That the estimate of the annual salaries of those individuals who will be <br />employed or whose employment will be retained can be reasonably expected to result <br />from the proposed redevelopment or rehabilitation; <br />D. That the other benefits about which information was requested are benefits <br />that can be reasonably expected to result from the proposed described redevelopment <br />or rehabilitation; and <br />E. That the totality of benefits is sufficient to justify the deduction; all <br />of which satisfy the requirements of I.C., 6 -1.1- 12.1 -3. <br />SECTION III. The Common Council hereby determines and finds that the proposed <br />new manufacturing equipment can be reasonably expected to yield the benefits <br />identified in the Statement of Benefits set forth as Sections I through III of the <br />Petition for Personal Property Tax Abatement and that the completed Statement of <br />Benefits Form prescribed by the State Board of Accounts are sufficient to justify <br />the deduction granted under Section 6 -1.1- 12.1 -4.5 of the Indiana Code. <br />SECTION IV. The Common Council hereby accepts the report and recommendation of <br />the Human Resources and Economic Development Committee that the area herein <br />described be designated an Economic Revitalization Area for purposes of personal <br />property tax abatement and hereby makes such a designation. <br />SECTION V. The Common Council determines that such designation is for personal <br />property tax abatement only for the area and shall be limited to two (2) calendar <br />years from the date of the adoption of this Resolution by the Common Council. <br />SECTION VI. The Common Council hereby determines that the property owner is <br />qualified for and is granted property tax deduction for a period of five (5) years. <br />SECTION VII. The Common Council directs the City Clerk to cause notice of the <br />adoption of this Resolution to be published, said publication providing notice of <br />the public hearing before the Common Council on said declaration. <br />SECTION VIII. This Resolution shall be in full force and effect from and after <br />its adoption by the Common Council and approval by the Mayor. <br />/s /John Voorde <br />Member of the Common Council <br />A public hearing was held on the resolution at this time. Council Member Luecke <br />made a motion to accept the substitute version that is on file with the City Clerk's <br />Office, seconded by Council Member Coleman. Ernest Szarwark, 100 N. Michigan St., <br />made the presentation on the resolution. He indicated that the petitioner Boliden <br />Metech, is a Swedish company based out of Mapleville, Rhode Island. He stated that <br />the tax abatement is needed to purchase equipment to expand the company. The new <br />machinery will be used to process scrap products, such as electronic circuit boards, <br />so that metal and plastics components can be recycled. The new equipment will <br />permit the company to complete recycling operations now done out of state. The <br />estimated cost of the equipment is $300,000 to $400,000. The project will create 12 <br />to 22 new, permanent, full -time jobs, representing a new annual payroll of $180,000 <br />to $330,000, and will maintain 8 existing permanent full -time with an annual payroll <br />of $120,000. Council Member Luecke made a motion to adopt the resolution as <br />amended, seconded by Council Member Coleman. The resolution was adopted by a roll <br />call vote of 9 ayes. <br />RESOLUTION NO. 1612 -88 A RESOLUTION INDICATING WILLINGNESS TO ACCEPT <br />OBLIGATIONS AND RESPONSIBILITIES NECESSARY FOR A <br />FEDERAL GRANT UNDER THE FEDERAL WATER POLLUTION CONTROL <br />ACT AMENDMENTS OF 1972 FOR THE DEVELOPMENT OF A <br />FArTLTTTES PLAN FOR THE CITY OF SOUTH BEND, INDIANA <br />
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