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05-23-11 Common Council Meeting Minutes
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05-23-11 Common Council Meeting Minutes
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REGULAR MEETING MAY 23, 2011 <br /> <br /> <br /> <br /> <br /> <br />RESOLUTION NO. 4105-11 A RESOLUTION CONFIRMING THE <br /> ADOPTION OF A DECLARATORY <br /> RESOLUTION DESIGNATING CERTAIN <br /> AREAS WITHIN THE CITY OF SOUTH BEND, <br /> INDIANA, COMMONLY KNOWN AS 1710 <br /> NORTH SHERIDAN STREET TO BE AN <br /> ECONOMIC REVITALIZATION AREA FOR <br /> PURPOSES OF A SEVEN (7) YEAR REAL <br /> PROPERTY TAX ABATEMENT FOR HOOSIER <br /> TANK AND MANUFACTURING, <br /> INCORPORATED <br /> <br />WHEREAS, the Common Council of the City of South Bend, Indiana, has <br />adopted a Declaratory Resolution designating certain areas within the City as Economic <br />Revitalization Areas for the purpose of tax abatement consideration; and <br /> <br />WHEREAS, a Declaratory Resolution designated the area commonly known as <br />1710 North Sheridan Street, South Bend, Indiana, and which is more particularly <br />described as follows: <br /> <br />Parcel of land beginning approximately 889.84 feet south and 40 feet east <br />of NW ¼ SE ¼ and known as Gibbs Wire and Steel Company, Inc. minor <br />sub section 33-38-2E cont appx AC <br /> <br />and which has Key Number 018-2184-693803, be designated as an Economic <br />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 />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 seven (7) years, <br />and 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 /> s/Derek D. Dieter <br /> Member of the Common Council <br /> <br /> 15 <br /> <br />
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