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REGULAR MEETING MAY 26, 2015 <br />SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption of this <br />Declaratory Resolution for Personal Property Tax Abatement to be published pursuant to Indiana <br />Code 5 -3 -1, said publication providing notice of the public hearing before the Common Council <br />on the proposed confirming of said declaration. <br />SECTION VII. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayor. <br />Member of the Common Council <br />Councilmember Gavin Ferlic, Chairperson, Community Investment Committee met this <br />afternoon and send bill 15 -38 to the full Council favorably. <br />Presenter: Chris Fielding, 14" Floor Dept. of Community Investment — Before you have a <br />resolution for a (5) five year personal property tax abatement. They are an aerospace parts <br />manufacturer. They have the ability to expand their current capacity and add four (4) new jobs <br />with the purchasing of new equipment to meet their current demand. They make over 220 parts <br />at their aerospace facility. Their total investment is projected to be of $600,000. Taxes to be <br />abated over the five (5) year period are $23,593, and total net taxes to be paid over the five (5) <br />year period are $10,879. <br />Petitioner: Rob Michalak, Masterbilt, 325 S. Walnut St. —We are looking to invest in C &C <br />equipment as to bring in work that we have been outsourcing, and add new business. We are <br />looking to aggressively grow as the aerospace community is expanding. <br />Councilmember Oliver Davis — What side of Western are you on in location to Walnut? <br />Petitioner responded we are on Walnut just north of Western. It is actually the building where <br />Claeys Candies started. <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 opposition to <br />this bill, Councilmember Mr. Gavin Ferlic made a motion to adopt this resolution. <br />Councilmember Oliver Davis seconded the motion which carried and the Resolution was <br />adopted by a roll call vote of seven (7) ayes. <br />15 -39 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH <br />BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH <br />BEND, INDIANA COMMONLY KNOWN AS 106 110 NORTH MAIN ST <br />SOUTH BEND, IN 46601 AN ECONOMIC REVITALIZATION AREA <br />FOR PURPOSES OF A (10) TEN YEAR REAL PROPERTY TAX <br />ABATEMENT FOR HISTORIC JMS BUILDING LLC <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 />106 -110 North Main St., South Bend, IN 46601 <br />14 <br />