05-26-15 Common Council Meeting Minutes

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