RM 10-05-79 - Laserfiche WebLink

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South Ben Redevelopment Commission Regular M eting - October 5, 1979 6. NEW BUSINESS g. colntinued... h . Nimtz: I presume this resolution follows hers that have been passed so that there uld be no question as to the legality or rding of the resolution. Mr. Ellison: It follows the same format as the resolution regarding the First Bank Center pr ject. Mr. Donaldson made a motion to adopt Resolution #594 for tax abatement relative to certain portions of an area commonly referred to as Block 6 within Ind. R -66 (Holladay Corporation), and that the President and Se retary be authorized to execute such do ument, seconded by Ms. Auburn, and the mo ion was unanimously carried. qTa abatement request relative to certain o tions of an area commonly referred to as "E st Bank ". Mr. Ellison: The staff would appreciate it if the Chair would recognize Mr. Ernest Szarwark, an attorney with the Thornburg, McGill, etc. law firm, who is here representing the petitioners who have also petitioned the Co mon Council by resolution for abatement in this particular area. Mr. Nimtz: The Chair will recognize Mr. Ernest Szarwark. Mr Szarwark: The area in question is located wi hin the East Bank area. It is directly ac oss the river from Century Center, commonly re erred to as the "old water works property ". Th buildings presently there are in very po r condition. The proposal involves de olition of the existing building and replacing them with modern structures. The st uctures would be used for small shops ani offices. We are going to try to have a iice restaurant included in the structure. I believe this project will be something the pe ple can be proud of because it is going to help the downtown area by creating jobs. The Common Council has indicated that it would ap rove a bond issue for the construction of ISO DISCUSSIONS OF TAX ABATEMENT REQUEST RELATIVE TO CERTAIN PORTIONS OF AN AREA COMMONLY REFERRED TO AS "EAST BANK"