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REGULAR MEETING MARCH 8, 2010 <br /> <br /> <br /> <br />by the petitioner, said form being prescribed by the State Board of Accounts, are <br />sufficient to justify the deduction granted under Indiana Code § 6-1.1-12.1-3. <br /> <br />SECTION IV. The Common Council hereby accepts the report and recommendation of <br />the Community and Economic Development Committee that the area herein described be <br />designated as an Economic Revitalization Area and hereby adopts a Resolution <br />designating this area as an Economic Revitalization Area for purposes of real property <br />tax abatement. <br /> <br />SECTION V. The designation as an Economic Revitalization Area shall be limited to <br />two (2) calendar years from the date of the adoption of this Resolution by the Common <br />Council. <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 of up to six (6) 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. 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/Derek D. Dieter <br /> Member of the Common Council <br /> <br />Councilmember Rouse, 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 />Jamie Ruiz, CB Richard Ellis/Bradley, 202 S. Michigan Street, Suite #200, South Bend, <br />Indiana, made the presentation for this bill on behalf of the Petitioner, Oliver Cleveland <br />Partners. <br /> <br />Ms. Ruiz advised that Oliver Cleveland Partners are in the process of purchasing vacant <br />Lots No. 14 and 15 from BW Business Park, LLC. They plan to construct a <br />warehouse/distribution facility to accommodate the relocation and expansion for their <br />existing tenant, Invacare Corporation. He noted that the new building will have 80,000 <br />square feet and fifteen (15) docks. The estimated cost of the building is $2.4 million. <br />Ms. Ruiz stated that Invacare Corporation is a leading manufacturing and designer in the <br />worldwide home medical equipment market. The company designs, manufactures and <br />distributes an extensive line of health care products for the non-acute care environment, <br />including the home health care, retail and extended care markets. She further noted that <br />the project will retain 23 existing permanent full time jobs. <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 Varner 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 /> 5 <br /> <br />