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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 />SECTION VII. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approval by the Mayor. <br /> <br /> <br /> s/Timothy A. Rouse <br /> Member of the Common Council <br /> <br />Councilmember Dieter, Chairperson, Community & Economic Development Committee, <br />reported that this committee held a public hearing to hear the pros and cons on these bills <br />this afternoon and voted to send them to the full Council with a favorable <br />recommendation. <br /> <br />st <br />Mr. Philip J. Faccenda, Jr., Barnes & Thornburg, LLP 600 1 Source Bank Center, 100 <br />North Michigan, South Bend, Indiana, made the presentation on the bills. <br /> <br />Mr. Faccenda advised that on behalf of the University of Notre Dame Du Lac, they <br />would like to clarify some of the Council’s questions regarding the petition for personal <br />property tax abatement for future tenants of the Innovation Park at Notre Dame. Mr. <br />Faccenda stated that it is anticipated that many of the future tenants of the Innovation <br />Park will be small, start-up technology companies that will be encouraged to move to the <br />Park from other locations throughout the country. It is also anticipated that some of these <br />companies will have research and development equipment that they will be bringing with <br />them. As such companies are searching for different sites throughout the country in <br />which to locate, it is the desire of the University to provide such companies with the <br />incentive of an existing tax abatement as a means of motivating such companies to locate <br />in South Bend. Also, the tax abatement will have the additional benefit of providing <br />these start-up companies with lower operating costs during the initial phases of their <br />operations, thereby helping to ensure their success. The Innovation Park does not intent <br />to serve as a long-term landlord for start-up companies, but instead, to facilitate such <br />companies to move from a start-up phase to an established business. These companies <br />will be moved out of the Park when they become better established. When these <br />companies move out of the Innovation Park, the equipment that they take with them will <br />no longer be subject to the tax abatement, unless (a) such equipment is relocated to an <br />economic revitalization area that has been approved by the Common Council, and (b) the <br />Common Council consents to the relocation of and continued abatement for such <br />equipment. Mr. Faccenda asked the Council for their favorable consideration. <br /> <br />A Public Hearing was held on the Resolution at this time. <br /> <br />City Clerk John Voorde read into the record a letter from Councilmember Henry Davis, <br />Jr.: <br /> <br />Hello to all... I am currently in Denver for the DNC. I regret that I cannot be in <br />attendance for today's meetings but I have a few concerns. After a trip to Notre Dame <br />Friday with a few other council members I came to understand that Notre Dame's <br />commitment to our tax base or South Bend’s growth is not clear. A question was asked <br />about Notre Dame’s commitment to our city and we never got an answer. I hope in the <br />near future their commitment will be more than volunteer services and a homeless shelter <br />and we will be able to sit with them to document our true commitment to each other. I <br />hope that Notre Dame will invest dollars into our city's budget for the fire and police <br />services that they use on a daily basis. <br /> <br />My heart leads me to vote NO to any tax abatement for Innovation Park. We are on the <br />brink of cutting well paying jobs for civil servants with families who have small children. <br />These servants are depended upon by their families to 'bring home the bacon'. Our city <br />needs a huge financial blessing now and not in 5-10 years. Notre Dame is working on a <br />$500 million project that appears to be well underway and completely financed. I will not <br />feel good about giving anyone else a tax abatement with the fear of cutting city services. <br />Our constituents need to know how they will gain or lose from any of these projects. <br /> <br /> 28 <br /> <br />
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