Laserfiche WebLink
REGULAR MEETING NOVEMBER 9, 2009 <br /> <br /> <br />WHEREAS, a Declaratory Resolution designated the area commonly known as <br />Vacant Land Immediately Behind 2630 Prairie Avenue (Prairie Apartments - Phase II), <br />South Bend, Indiana, and which is more particularly described as follows: <br /> <br />Outlot B Hollingsworth Prairie Avenue, Minor Subdivision, Instr. <br />#0654912 <br /> <br />and which has Key Number 018-8153-5514.05, as an Economic Revitalization Area; and <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 /> <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 Real property tax abatement only and <br />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 Real property tax deduction for a period of (10) ten years, and <br />further determines that the petition, the Memorandum of Agreement between the <br />Petitioner and the City of South Bend, and the Statement of Benefits comply with <br />Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code <br />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. William Hollingsworth, Equal Development, LLC., 12557 Branford Street, Carmel, <br />Indiana, made the presentation for this bill. <br /> <br />Mr. Hollingsworth advised that they intend to construct a 96-unit, multi-family housing <br />project. He stated that the estimated cost of Phase II construction is $8,000,000. <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 Puzzello made a motion to adopt this <br />Resolution. Councilmember Varner seconded the motion which carried and the <br />Resolution was adopted by a roll call vote of eight (8) ayes. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 13 <br /> <br />