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05-12-08 Common Council Minutes
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05-12-08 Common Council Minutes
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REGULAR MEETING MAY 12, 2008 <br /> <br /> <br /> <br />SECTION VI. The Common Council hereby determines that the property owner is <br />qualified for and is granted property tax deduction for a period five (5) years. <br /> <br />SECTION VII. The Common Council directs the City Clerk to cause notice of the <br />adoption of this Declaratory Resolution for Real Property Tax Abatement to be published <br />pursuant to Indiana Code § 5-3-1 and Indiana Code § 6-1.1-12.1-2.5, said publication <br />providing notice of the public hearing before the Common Council on the proposed <br />confirming of said declaration. <br /> <br />SECTION VIII. The Common Council hereby determines that should the Company <br />receive the Enterprise Zone Investment Deduction under I.C. 6-1.1-45 for the same <br />property, this Tax Abatement designation shall become null and void. The Company <br />may not receive an economic revitalization area deduction if it receives an enterprise <br />zone investment deduction under I.C. 6-1.1-45 for the same property. <br /> <br />SECTION IX. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approval by the Mayor. <br /> <br /> <br /> s/Timothy A. Rouse <br /> Member of the Common Council <br /> <br />Councilmember Varner made a motion to correct a scrivener’s error in the title of the <br />Resolution, the correct address is 1401 South Main Street. Councilmember Oliver Davis <br />seconded the motion which carried by a roll call vote of nine (9) ayes. <br /> <br />Councilmember Dieter, Chairperson, Community and Economic Development <br />committee, reported that this committee held a Public Hearing on this bill this afternoon <br />and voted to send it to the full Council with a favorable recommendation. <br /> <br />Mr. Robert Jagger, President, Old Fort Building Supply, 1401 S. Main Street, South <br />Bend, Indiana, residing at 57800 Timothy Road, New Carlisle, Indiana, made the <br />presentation for this bill. <br /> <br />Mr. Jagger advised that Old Fort Building Supply is proposing to construct a 12,000 <br />square foot storage warehouse with the addition of an outside storage area for products <br />specific to Old Fort’s business. The additional capacity will enable the company to buy <br />in larger volume and remain competitive in the current downturn of the construction <br />industry. Mr. Jagger stated that Old Fort Building Supply is a major supplier of <br />construction materials to the Michiana area. He noted that between 80%-90% of the <br />company’s sales are to professional contractors and subcontractors. The main product <br />lines are brick, architectural block, stone, landscaping pavers and wall, drywall, steel <br />studs, insulation, acoustical ceilings and related products. Mr. Jagger advised that it is <br />estimated that the total project will create two (2) new, permanent, full-time jobs <br />representing a new annual payroll of $62,000. The project will also retain twenty (20) <br />existing, permanent, full-time jobs and one (1) existing, permanent, part-time job <br />representing an annual payroll of $950,000. Mr. Jagger stated that the project cost is <br />estimated at $325,000. <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 Dieter made a motion to 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 /> <br /> <br /> <br /> <br /> 10 <br /> <br />
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