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04-13-09 Common Council Minutes
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04-13-09 Common Council Minutes
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REGULAR MEETING APRIL 13, 2009 <br /> <br /> <br /> <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public <br />hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; <br />and <br /> <br />WHEREAS, the Council held a public hearing for the purposes of hearing all <br />remonstrance’s and objections from interested persons; and <br /> <br />WHEREAS, the Council has determined that the qualifications for an economic <br />revitalization area have been met. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br /> <br />SECTION I. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for the <br />purposes of tax abatement. Such designation is for Personal Property tax abatement only <br />and is limited to two (2) calendar years from the date of adoption of the Declaratory <br />Resolution by the Common Council. <br /> <br />SECTION II. The Common Council hereby determines that the property owner is <br />qualified for and is granted Personal Property tax deduction for a period of five (5) years, <br />and further determines that the petition complies with Chapter 2, Article 6, of the <br />Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et seq. <br /> <br />SECTION III. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approved by the Mayor. <br /> <br /> <br /> s/Derek D. Dieter <br /> Member of the Common Council <br /> <br />Mr. Kenn Andrews, owner, Treadstone, 445 N. Sheridan, South Bend, Indiana, made the <br />presentation for this bill. <br /> <br />Mr. Andrews advised that Treadstone, LLC recycles solid rubber tires into rubber mulch <br />of various sizes and weights depending on use. Ninety percent of their production is a <br />large premium size that is used primarily for children’s playground and for landscaping. <br />The equipment to be purchased is a tire shredding machine. The new machine will <br />double the company’s production capacity to recycle solid rubber tires into mulch. The <br />company is relatively new. For the past two years it has been using three prototype <br />machines to manufacture its product. These machines are not built to withstand the <br />rigors of the company’s current production schedule. The new machine is stronger and <br />will ease the burden on the three prototypes. In fact, the new machine is being built <br />following a design that Treadstone developed and provided to the machine manufacturer. <br />The design is based on Treadstone’s experience with their prototypes. The estimated cost <br />of the new machine is $200,000. Total taxes to be abated during the five (5) year <br />abatement period are estimated at $7815. total additional taxes to be paid as a result of <br />the project during the five-year abatement period are estimated at $6,311. Per the <br />petition, it is estimated that the project will create three (3) new, permanent full-time <br />positions with an annual payroll of $60,000. The project will also maintain four (4) <br />existing permanent full-time positions and one (1) existing part-time position with a total <br />annual payroll of $160,000. <br /> <br />A Public Hearing was held on the Resolution at this time. <br /> <br />There being no one present wishing to speak to the Council either in favor of or in <br />opposition to this Resolution, Councilmember Kirsits made a motion tot adopt this <br />Resolution. Councilmember Oliver Davis seconded the motion which carried and the <br />Resolution was adopted by a roll call vote of nine (9) ayes. <br /> <br /> <br /> 14 <br /> <br />
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