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REGULAR MEETING <br />JUNE 22, 2015 <br />SECTION II. The Common Council hereby determines that the property owner is qualified for <br />and is granted personal property tax deduction for a period of five (5) years as shown by the <br />attachment pursuant to Indiana Code 6 -1.1- 12.1 -17 and further determines that the petition, <br />the Memorandum of Agreement between the Petitioner and the City of South Bend, and the <br />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. <br />SECTION III. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approved by the Mayor. <br />Cl Report- Presenter: Chris Fielding, 14" Floor Dept. of Community Investment — They are <br />proposing to invest $2 million 450 in private investment into new equipment. Over a five (5) year <br />tax abatement they would still pay $113,330 in new taxes, and abated $96,848. This new <br />equipment will create four (4) new jobs. Mr. Blenke is hereto answer any questions that you may <br />have. <br />Petitioner: Stan Blenke, , 4701 Nimtz Parkway, South Bend — Executive V.P. of Schafer Industries <br />As a result of new business we picked up, a couple of our new contracts require us to purchase <br />four (4) new pieces of equipment; the cost of $2,450,000.00. We will hire four (4) new permanent <br />positions as a result of this and be able to maintain our current workforce. We appreciate your <br />support on this. <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 />There being no one present wishing to speak to the Council either in favor of or in opposition to <br />this bill, Councilmember Derek Dieter made a motion to adopt resolution 15-48. Councilmember <br />Dr. David Varner seconded the motion which carried and the Resolution was adopted by a roll call <br />vote of nine (9) ayes. <br />15 -49 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br />RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY <br />OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 325 S. <br />WALNUT ST SOUTH BEND, IN 46601 AS AN ECONOMIC <br />REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR <br />PERSONAL PROPERTY TAX ABATEMENT FOR MASTERBILT, INC. <br />Cl Report- Presenter: Chris Fielding, 14' Floor Dept. of Community Investment — They are <br />proposing to invest $600,000 in new equipment. This new equipment will create four (4) new <br />jobs approximately at $16/hr. Total taxes to be paid $27,879 and total taxes abated $23,593. Rob <br />from Masterbilt is here to answer any questions that you may have. <br />Petitioner: Rob Michalak, Masterbilt, Inc. 325 S. Walnut St., South Bend— We are looking to <br />invest in C &C equipment for a couple existing customers in aerospace, along with potential new <br />customers. We are looking for your support. <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 />There being no one present wishing to speak to the Council either in favor of or in opposition to <br />this bill, Councilmember Derek Dieter made a motion to adopt resolution 15-49. Councilmember <br />Oliver Davis seconded the motion which carried and the Resolution was adopted by a roll call vote <br />of nine (9) ayes. <br />36 <br />