11-09-09 Common Council Minutes - Laserfiche WebLink

Home Browse Search

REGULAR MEETING NOVEMBER 9, 2009 WHEREAS, a Declaratory Resolution designated the area commonly known as Vacant Land Immediately Behind 2630 Prairie Avenue (Prairie Apartments - Phase II), South Bend, Indiana, and which is more particularly described as follows: Outlot B Hollingsworth Prairie Avenue, Minor Subdivision, Instr. #0654912 and which has Key Number 018-8153-5514.05, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrance’s and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of (10) ten years, and further determines that the petition, the Memorandum of Agreement between the Petitioner and the City of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et seq. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. s/Derek D. Dieter Member of the Common Council Mr. William Hollingsworth, Equal Development, LLC., 12557 Branford Street, Carmel, Indiana, made the presentation for this bill. Mr. Hollingsworth advised that they intend to construct a 96-unit, multi-family housing project. He stated that the estimated cost of Phase II construction is $8,000,000. 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 Puzzello made a motion to adopt this Resolution. Councilmember Varner seconded the motion which carried and the Resolution was adopted by a roll call vote of eight (8) ayes. 13