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05-26-15 Common Council Meeting Minutes
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05-26-15 Common Council Meeting Minutes
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REGULAR MEETING <br />MAY 26, 2015 <br />Councilmember Gavin Ferlic, Chairperson, Community Investment Committee met this <br />afternoon and send bill 15 -37 to the full Council favorably. <br />Presenter: Sarah Heintzelman, 14' Floor Dept. of Community Investment — Schafer is a locally <br />owned company. They are looking to make a personal property purchase and came in for a tax <br />abatement for four pieces of machinery. Their total taxes for this period will be $210,178, taxes <br />abated $96,848 and taxes paid $113,330. They will also create 83 jobs as a result of this project. <br />Petitioner: Stan Blenke, , 4701 Nimtz Parkway, South Bend — Executive V.P. of Schafer Industries <br />We are here to request a tax abatement due to a new contract from two existing customers. The <br />new contracts received are for a turbo charger for a Chrysler Challenger as they are sold out at this <br />time and gears to go on a camp shaft for light diesel- engine for company in Indiana. We are <br />looking to hire for new positions and retain 83 positions. Today Schafer is paying approximately <br />$200,000 a year in existing property taxes for equipment. We appreciate past support on tax <br />abatements as it allows us to continue to grow. <br />There being no one present wishing to speak to the Council either in favor of or in opposition to <br />this bill, Councilmember M. Gavin Ferlic made a motion to adopt this resolution. Councilmember <br />Dr. David Varner seconded the motion which carried and the Resolution was adopted by a roll call <br />vote of seven (7) ayes. <br />15 -38 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH <br />BEND DESIGNATING A CERTAIN AREA WITHIN THE CITY OF SOUTH <br />BEND, INDIANA COMMONLY KNOWN AS 325 S. WALNUT ST, SOUTH <br />BEND, IN 46601 AN ECONOMIC REVITALIZATION AREA FOR <br />PURPOSES OF A (5) FIVE YEAR PERSONAL PROPERTY TAX <br />ABATEMENT FOR MASTERBILT, INC. <br />A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN <br />THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS <br />325 S. Walnut St., South Bend, IN 46601 <br />AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A <br />(5) FIVE -YEAR PERSONAL PROPERTY TAX ABATEMENT FOR: <br />Masterbilt, Inc. <br />WHEREAS, a petition for personal property tax abatement consideration has been filed <br />with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, <br />requesting that the area commonly known as 325 S. Walnut St., South Bend, IN 46601 and which <br />is more particularly described as follows: <br />Business Personal Property <br />and which has a Key Number 018 - 08790 -00 be designated as an Economic Revitalization Area <br />under the provisions of Indiana Code 6 -1.1 -12.1 et seq., and South Bend Municipal Code Sections <br />2 -76 et seq., and; <br />12 <br />
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