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REGULAR MEETING APRIL 27, 2015 <br /> <br /> <br /> <br /> <br />abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the <br />Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted a real <br />property tax deduction for a period of four (4) years as shown by the attachment pursuant to Indiana Code 6-1.1-12.1- <br />17 and further determines that the petition, the Memorandum of Agreement between the Petitioner and the City of <br />South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of the City of <br />South Bend and Indiana Code 6-1.1-12 et seq. SECTION III. This Resolution shall be in full force and effect from <br />and after its adoption by the <br /> Common Council and approved by the Mayor._____________________________ <br />Member of the Common Council <br /> <br />th <br />Presenter: Brock Zeeb, Department of Community Investment, Offices on the 14 floor – Before <br />you is a four-year (4) tax abatement for Rainbow Rascals, This is for a childcare facility. It is <br />expected investment of $1.255 million, projected taxes created are $116,335, estimated taxes to <br />be abated over the four (4) year period are $63,612, and total taxes to be paid over the four (4) <br />year period are $96,523. Petitioner is here to answer any questions that you may have. <br /> <br />Petitioner: John C. Hitchcock, 1732 Kirks Road, Detroit, Michigan – It is a pleasure to appear <br />before you. As Zeke stated, we are making a $1.255 million investment in South Bend creating <br />thirty (30) jobs. We think this will be a great addition to the city and are excited to begin our <br />development in South Bend. We appreciate the consideration. <br /> <br />This being the time heretofore set for the Public Hearing on the above bill, proponents and <br />opponents were given an opportunity to be heard. <br /> <br />There being no one present wishing to speak to the Council either in favor of or in opposition to <br />this bill, Councilmember Oliver Davis made a motion to adopt 15-27. Councilmember Gavin <br />Ferlic seconded the motion which carried by a voice vote of eight (8) ayes. <br /> <br />15-28 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br />RESOLUTION DESIGNATING A CERTAIN AREA WITHIN THE CITY <br />OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1702 S. <br />ROBINSON ST, SOUTH BEND, IN 46613 AS AN ECONOMIC <br />REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR <br />PERSONAL PROPERTY TAX ABATEMENT FOR BAMAR PLASTICS INC <br /> <br /> <br />A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING <br />CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS <br /> <br />1702 S. Robinson St., South Bend, IN 46613 <br />AS AN ECONOMIC REVITALIZATION AREA FOR <br />PURPOSES OF A FIVE (5) YEAR PERSONAL <br />PROPERTY TAX ABATEMENT FOR <br />Bamar Plastics, Inc. <br /> <br />WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution <br />designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement <br />consideration; and <br />WHEREAS, a Declaratory Resolution designated the area commonly known as 1702 S. Robinson St., South <br />Bend, IN 46613 and which is more particularly described as follows: <br />Business Personal Property <br />15 <br /> <br /> <br />