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08-25-08 Common Council Minutes
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08-25-08 Common Council Minutes
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REGULAR MEETING AUGUST 25, 2008 <br /> <br /> <br /> <br />WHEREAS, the Council has determined that the qualifications for an economic <br />revitalization area have been met. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br /> <br />SECTION I. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for the <br />purposes of tax abatement. Such designation is for Personal property tax abatement only <br />and is limited to two (2) calendar years from the date of adoption of the Declaratory <br />Resolution by the Common Council. <br /> <br />SECTION II. The Common Council hereby determines that the property owner is <br />qualified for and is granted Personal property tax deduction for a period of five (5) years, <br />and further determines that the petition complies with Chapter 2, Article 6, of the <br />Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et seq.; provided <br />however, the Petitioner may not receive an economic revitalization area deduction if it <br />receives an enterprise zone investment deduction under I.C. 6-1.1-45 for the same <br />property. <br /> <br />SECTION III. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approved by the Mayor. <br /> <br /> <br /> s/Timothy A. Rouse <br /> Member of the Common Council <br /> <br /> <br />st <br />Mr. Richard Deahl, Attorney at Law, 600 1 Source Bank Center, 100 North Michigan, <br />South Bend, Indiana, made the presentation for the bill on behalf of the petitioner, Stanz <br />Realty Co., LLP/Stanz Foodservice, Inc. <br /> <br />Mr. Deahl advised that Stanz Foodservice is a full-line, food service distribution <br />business. Stanz uses its warehouse and distribution facility to store dry, refrigerated, and <br />frozen goods to facilitate the transfer and delivery of such goods to customers throughout <br />Northern Indiana and Southern Michigan. The purposed project consists of the <br />acquisition and installation of new logistical distribution and information technology <br />equipment, including without limitation, warehouse racking systems, fork lifts, pallet <br />movement mechanisms, GPS monitoring and tracking systems and related systems for <br />use in Stanz’s full line food service distribution business. This equipment will <br />complement Stanz’s investment in real estate improvement and its commitment to <br />growing its distribution headquarters and business in South Bend. The entire cost of the <br />proposed project is estimated between $300,000 to $700,000 for logistical distribution <br />equipment and between $50,000 and $150,000 for information technology equipment. <br />Per the petition, it is estimated that the project, by itself, will not create additional full- <br />time and part-time permanent jobs within the first year of the project, but will enable <br />Stanz to maintain 162 existing permanent full-time jobs and 9 existing permanent part- <br />time jobs with an annual payroll of $7,251,439, including existing permanent full-time <br />minority employment of 12 positions. <br /> <br />A Public Hearing was held on the Resolution at this time. <br /> <br />There being no one present wishing to speak to the Council either in favor of or in <br />opposition to this Resolution, Councilmember Dieter made a motion to adopt this <br />substitute Resolution. Councilmember Varner seconded the motion which carried and <br />the Resolution was adopted by a roll call vote of eight (8) ayes. <br /> <br /> <br /> <br /> <br /> <br /> 13 <br /> <br />
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