04-11-05 Council Meeting Minutes

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REGULAR MEETING APRIL 11,2005 Parcel of land begging approximately 889.84’ South & 40’ East of NW ¼ SE ¼ and known as Gibbs Wire & Steel Co Inc minor sub section 33-38-2E cont approximately AC , with said real estate having the following Key Numbers 18-2184-693803 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 Personal 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 Personal property tax deduction for a period of five (5) years, and further determines that the petition complies 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/Charlotte D. Pfeifer Member of the Common Council Councilmember Puzzello, Chairperson, Community and Economic Development reported that this committee held a Public Hearing on this bill this afternoon and voted to send it to the full council with a favorable recommendation. Mr. Thomas R. Kinnucan Jr., President, Hoosier Tank & Manufacturing Inc., 1710 North Sheridan Street, South Bend, Indiana, made the presentation for this bill. Mr. Kinnucan advised that originally Hoosier Tank & Manufacturing, Inc., was approved for a personal property tax abatement on July 28, 2003 for property located at 2502 West Lawton and 201 North Olive Street. The company has moved to 1710 North Sheridan Street due to the redirect of Bendix Drive. Mr. Kinnucan further advised that they are asking to have their personal property tax abatement moved to their new location. 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 Dieter seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. 15