No. 0665 encouraging the Common Council to designate a portion of Phase III of the Airport Industrial Park as a tax abatement impact area

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.r RESOLUTION NO. 665 A RESOLUTION OF THE SOUTH BE14D REDEVELOPMENT COMMISSION ENCOURAGING THE COMMON COUNCIL TO DESIGNATE A PORTION OF PHASE III OF THE AIRPORT INDUSTRIAL PARK AS A TAX ABATE - NENT IP9PACT AREA. WHEREAS, the South Bend Redevelopment Commission recognizes that there are certain areas within the City which are blighted and non - productive with re- gard to their contribution to this community's tax base and employment opportun- ities; and WHEREAS, the Redevelopment Commission and the South Bend Common Council have pledged to consider the granting of tax abatement to any property owners in these areas proposing a development which meets the goals and objectives of the Council and Commission, provided that the Council and Commission shall not favor- ably consider projects which do not contribute to the public utility or public benefit of the area; and WHEREAS, the Redevelopment Commission has heard substantial evidence in- dicating that the Airport Industrial Park Phase III has experienced a decrease in growth to an extent which cannot be corrected by regulatory processes or the ordinary operations of private enterprise without the assistance of its being designated a tax abatement impact area to encourage and facilitate its development; and WHEREAS, the economic development of the City of South Bend, through the creation of employment opportunities and other positive benefits to the economy of this area, will be benefited by such improvements; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission: SECTION I. That the Commission finds that all property in Phase III of the Airport I— nduustrial Park owned by Industrial Foundation, Inc. of South Bend, Indiana as of this date ( "Phase III - Industrial Foundation Property "), a map and legal description of which are attached as Exhibits A and B and are incorporated fully herein, has experienced under utilization, cessation of growth, and a lack of employment growth and productivity with regard to its contribution to this community's tax base and employment opportunities. SECTION II. The Redevelopment Commission pledges to consider the granting of tax abatement to any property owners within "Phase III - Industrial Foundation Property" who propose a development which meets the goals and objectives of the Com- mission and Common Council, but the Commission shall not favorably consider any pro- jects which do not contribute to the public utility or public benefit of the area. d b property SECTION, III. Any petition for tax abatement filed y such owners shall be rev�err`v 6y the Redevelopment Commission in conformity with statutes and ordinances in effect at the time of filing. SECTION IV. That the Redevelopment Commission encourages the South Bend Common Council to declare "Phase III - Industrial Foundation Property" a tax abate- ment impact area. SECTION V. That a copy of this Resolution be forwarded to the Common Council to indicate the Commission's support of its declaration. Adopted at the regular meeting of the South Bend Redevelopment Commission on October 22, 1982 in the Office of the Commission, 1200 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana. REDEVELOPMENT COMISSION OR ATTEST: �"Z Peter onaldson, Secretary residhent