03-24-14 Common Council Meeting Minutes

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REGULAR MEETING BILL NO. 14 -28 MARCH 24, 2014 BEND, INDIANA, COMMONLY KNOWN AS 515 WEST IRELAND ROAD AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR LOCK JOINT TUBE, LLC 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 515 WEST IRELAND ROAD AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF UP TO A (7) SEVEN -YEAR REAL PROPERTY TAX ABATEMENT FOR LOCK JOINT TUBE, LLC In addition, Councilmember Schey made a motion to be held with Bill 14 -28 for the purpose of a Public Hearing. Councilmember Ferlic seconded the motion with carried by a voice vote of eight (8) Ayes. Councilmember Ferlic- Community Investment Committee, reported that this committee held a Public Hearing on this amended bill this afternoon and voted to send it to the full Council with a favorable recommendation. Presenter (on behalf of Lock Joint Tube LLC) - President Davis and members of the council, I'm pleased to join the controller to your request your consideration and approval on the abatement tonight. Thank you for kindly reading both resolutions at the same time, I will described the projects together, this is a proposed investment of between $1.1 and $1.5 in new real estate to improvements including building an approximately 30,000 square feet to latch on to a facility on Ireland Road this will create more space as well as allow me to reconfigure some of their operations and process flows internally. Second investment is investment of more than $3.5 million payable to new manufacturing equipment and logistically distribution equipment to enhance the new product lines and allow them to enter to new product. As the council is aware, Lock Joint Tube is a steel tube manufacturer with businesses in multiple industries including automotive, furniture, constructural construction, and healthcare. This investment will allow them to retain their 193 employees that are on Ireland Road with payroll of over $10.3 million and initially hire and bring on at least 6 to 8 new jobs of a payroll of between $190 and $250,000 approximated numbers. We are happy to answer any questions that the council may have and we appreciate your support. A Public Hearing was held on the Resolution at this time. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution, Councilmember Scott made a motion to adopt this Resolution 14 -27. Councilmember Ferlic seconded the motion which carried and the Resolution was adopted by a roll call vote of 8 ayes. Councilmember Dieter made a motion to adopt this Resolution 14 -28. Councilmember Scott seconded the motion which carried and the Resolution was adopted by a roll call vote of 8 ayes. BILLS - FIRST READING BILL NO. 23 -14 FIRST READING ON A BILL TO VACATE THE FOLLOWING DESCRIBED PROPERTY: THE FIRST EAST/WEST ALLEY SOUTH OF FAIRVIEW STREET FROM THE EAST RIGHT OF WAY LINE OF KALEY STREET TO THE FIRST NORTHEASTLY/ SOUTHWESTERLY ALLEY FOR A DISTANCE OF 360 FEET MORE OR LESS 30