08-25-08 Common Council Minutes - Laserfiche WebLink

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REGULAR MEETING AUGUST 25, 2008 WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Personal property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Personal property tax deduction for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et seq.; provided however, the Petitioner may not receive an economic revitalization area deduction if it receives an enterprise zone investment deduction under I.C. 6-1.1-45 for the same property. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. s/Timothy A. Rouse Member of the Common Council st Mr. Richard Deahl, Attorney at Law, 600 1 Source Bank Center, 100 North Michigan, South Bend, Indiana, made the presentation for the bill on behalf of the petitioner, Stanz Realty Co., LLP/Stanz Foodservice, Inc. Mr. Deahl advised that Stanz Foodservice is a full-line, food service distribution business. Stanz uses its warehouse and distribution facility to store dry, refrigerated, and frozen goods to facilitate the transfer and delivery of such goods to customers throughout Northern Indiana and Southern Michigan. The purposed project consists of the acquisition and installation of new logistical distribution and information technology equipment, including without limitation, warehouse racking systems, fork lifts, pallet movement mechanisms, GPS monitoring and tracking systems and related systems for use in Stanz’s full line food service distribution business. This equipment will complement Stanz’s investment in real estate improvement and its commitment to growing its distribution headquarters and business in South Bend. The entire cost of the proposed project is estimated between $300,000 to $700,000 for logistical distribution equipment and between $50,000 and $150,000 for information technology equipment. Per the petition, it is estimated that the project, by itself, will not create additional full- time and part-time permanent jobs within the first year of the project, but will enable Stanz to maintain 162 existing permanent full-time jobs and 9 existing permanent part- time jobs with an annual payroll of $7,251,439, including existing permanent full-time minority employment of 12 positions. 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 Dieter made a motion to adopt this substitute Resolution. Councilmember Varner seconded the motion which carried and the Resolution was adopted by a roll call vote of eight (8) ayes. 13