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01-10-11 Common Council Meeting Minutes
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01-10-11 Common Council Meeting Minutes
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REGULAR MEETING JANUARY 10, 2011 <br /> follows: that part of the Southeast Quarter of Section 20 and the <br /> Southwest quarter of Section 21, both in Township 38 North, Range 2 <br /> East, German Township, <br /> City of South Bend, St. Joseph County, Indiana which is described as: Lot <br /> # 10A as shown on the plat of "H.G. Baus Centre-Phase One First <br /> Replat" subdivision recorded by Document No. 0746267 in the records in <br /> the Office of the Recorder of St. Joseph County, Indiana. Containing 5.54 <br /> acres more or less. Subject to all legal highways, easements and <br /> restrictions of record, <br /> and which has the Key Number 71-03-21-300-001.000-009, be designated as an <br /> Economic Revitalization Area under the provisions of Indiana Code § 6-1.1-12.1 et seq., <br /> and South Bend Municipal Code Sections 2-76 et seq., and; <br /> WHEREAS, the Department of Community and Economic Development has <br /> concluded an investigation and prepared a report with information sufficient for the <br /> Common Council to determine that the area qualifies as an Economic Revitalization Area <br /> under Indiana Code § 6-1.1-12.1, et seq., and South Bend Municipal Code Sections 2-76, <br /> et seq., and has further prepared maps and plats showing the boundaries and such other <br /> information regarding the area in question as required by law; and <br /> WHEREAS, the Community and Economic Development Committee of the <br /> Common Council has reviewed said report and recommended to the Common Council <br /> that the area qualifies as an Economic Revitalization Area. <br /> NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br /> South Bend, Indiana, as follows: <br /> SECTION I. The Common Council hereby determines and finds that the Petition for <br /> Real Property Tax Abatement and the Statement of Benefits form completed by the <br /> Petitioner meet the requirements of Indiana Code § 6-1.1-12.1 et seq., for tax abatement. <br /> SECTION II. The Common Council hereby determines and finds the following: <br /> A. That the description of the proposed redevelopment or rehabilitation meets <br /> the applicable standards for such development; <br /> B. That the estimate of the value of the redevelopment or rehabilitation is <br /> reasonable for projects of this nature; <br /> C. That the estimate of the number of individuals who will be employed or <br /> whose employment will be retained by the Petitioner can reasonably be expected to result <br /> from the proposed described redevelopment or rehabilitation; <br /> D. That the estimate of the annual salaries of those individuals who will be <br /> employed or whose employment will be retained by the Petitioner can be reasonably <br /> expected to result from the proposed redevelopment or rehabilitation; <br /> E. That the other benefits about which information was requested are benefits <br /> that can be reasonably expected to result from the proposed described redevelopment or <br /> rehabilitation; and <br /> F. That the totality of benefits is sufficient to justify the requested deduction, <br /> all of which satisfy the requirements of Indiana Code § 6-1.1-12.1-3. <br /> SECTION III. The Common Council hereby determines and finds that the proposed <br /> described redevelopment or rehabilitation can be reasonably expected to yield benefits <br /> identified in the Statement of Benefits, Sections 1 through 3 of the Petition for Real <br /> Property Tax Abatement Consideration and the Memorandum of Agreement between the <br /> Petitioner and the City of South Bend, and that the Statement of Benefits form completed <br /> 14 <br />
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