05-26-15 Common Council Meeting Minutes

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REGULAR MEETING MAY 26, 2015 Presenter: Jacob Alexander, Department of Community Investment, Offices on the 14' floor — Presenting a personal property abatement for Kruk Electric LLC. They manufacture springs and wire forms for medical and brake industries. They currently employ four (4) full time and two (2) part-time employees. They are looking to expand due to steady growth and new demand. They request new equipment so they continue as a lucrative business. They are looking at $135,000 in private investment to purchase new wire form machines. New project tax will be $15,012 over a five (5) year period, estimated taxes to be abated over the five (5) year period are $6,881, and total taxes to be paid on new and existing equipment over the next five (5) year period is $8,131. Petitioner: Dan Kruk, 3702 W. Sample Street, South Bend — I am a partner with Kruk Electric company, we are purchasing two new pieces of equipment to expand our production and defer the cost. This being the time heretofore set for the Public Hearing on the above bill, proponents and opponents were given an opportunity to be heard. There being no one present wishing to speak to the Council either in favor of or in opposition to this bill, Councilmember White made a motion to adopt this Resolution. Councilmember Mr. Gavin Ferlic seconded the motion which carried and the Resolution was adopted by a roll call vote of seven (7) ayes. 15 -31 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 111 ST. JOSEPH ST., SOUTH BEND, IN 46601 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (2) TWO —YEAR VACANT BUILDING TAX ABATEMENT FOR JSK DEVELOPMENT, INC. Council Attorney Cekanski- Farrand for purposes of Public Hearing we need to hear 15 -31 and 15- 32 together. Councilmember Henry Davis Jr., made a motion to hear bill 15 -31 and 15 -32 together for purposes of Public Hearing. Councilmember White seconded the motion which carried by a voice vote of seven (7) ayes. 15 -32 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 120 ST. JOSEPH ST. SOUTH BEND, IN 46601 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (9) NINE —YEAR REAL— PROPERTY TAX ABATEMENT FOR JSK DEVELOPMENT, INC. RESOLUTION NO 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 0