02-13-89 Council Meeting Minutes

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SECTION IV. The Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Economic Revitalization Area for purposes of personal property tax abatement and hereby makes such a designation. SECTION V. The Common Council determines that such designation is for personal property tax abatement only and shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Personal Property Tax Abatement to be published, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration SECTION VIII. The Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s /Ann Puzzello Member of the Common Council A public hearing was held on the resolution at this time. Council Member Luecke indicated that the Human Resources and Economic Development Committee had recommended this resolution to the Council favorably. Council Member Voorde made a motion to combine Resolutions 1702 -89 and 1702 -89 for purposes of public hearing, seconded by Council Member Coleman. The motion carried. Kevin Butler, Attorney, 100 E. Wayne Street, South Bend, IN, made the presentation on the resolution. He indicated that he is speaking on behalf of the petitioner Spin -Cast Plastics, Inc. He stated that the petitioner proposes to construct a manufacturing and office building of approximately 40,000 square feet for the manufacture of rotationally molded plastic products. The building and the new equipment being purchased will give the company 65% more capacity than they presently have. The project will create 30 new, permanent jobs with an expected annual payroll of $360,000 and will maintain 65 existing permanent part time jobs with an annual payroll of $918,000. The estimated project cost including the new equipment is $1,490,000. Council Member Luecke made a motion to adopt Resolution No. 1701 -89, seconded by Council Member Coleman. The resolution was adopted by a roll call vote of nine ayes. Council Member Zakrzewski made a motion to adopt resolution 1702 -89, seconded by Council Member Duda. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1703 -89 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AUTHORIZING THE MAYOR TO SUBMIT AN APPLICATION TO THE INDIANA DEPARTMENT OF COMMERCE FOR THE STATE INVESTMENT INCENTIVE PROGRAM. (MILES LABORATORY INC.) WHEREAS, the City of South Bend, Indiana, is dedicated to pursuing economic development through promoting growth of businesses which stimulate the local economy and thereby benefit the people of South Bend as a whole; and WHEREAS, Miles Laboratory Inc. project will benefit the local economy specifically by adding 130 new jobs to the area, and by generating new taxes on improvements to real and personal property; and WHEREAS, Miles Laboratory Inc. will be locating its recently acquired St. Louis operation in South Bend, and fits into the overall development concept as it will contribute to the restoration and diversification of our industrial base; and WHEREAS, the Miles Laboratory Inc. will require various Machinery and Equipment costing $1,800,000; real property costing $1,000,000 and relocation cost of $1,000,000. The receipt of an Investment Incentive Grant will enable the City of South Bend to assist in the financing with a $150,000 loan and a $150,000 grant from the Business Development Corporation. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City o of Bend, Indiana, as follows: SECTION I. The Council hereby establishes the authority of the Mayor of the City of South Bend to submit a State Industrial Development Grant application to the Indiana Department of Commerce for the Miles Laboratory Inc. SECTION II. This Resolution shall be in full force and effect immediately upon passage by the Common Council of the City of South Bend, Indiana, and approval by the Mayor. s /Ann Puzzello Member of the Common Council A public hearing was held on the resolution at this time. Sherry Shane, Economic Development Department, made the presentation on the resolution. She indicated that the resolution is for the Miles Laboratory Inc. Project. She indicated that Miles Laboratory is relocating their St. Louis facility to South Bend, and the project will create approximately 130 new jobs. She stated that the City of South Bend is in anticipation of being awarded a State Grant to facilitate this project. The approval of this resolution will allow the Mayor to submit an application to