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South Be #d Redevelopment Commission <br />Regular Oeeting - September 19, 1980 <br />6. NEW BUSINESS <br />a. tax abatement report continued.... <br />The atr.ea oua.e U.ies a-s an Utzban Develooment <br />.u. c7-i. i -►z Ao& zne 6ozzouxng tceasonz: <br />1) Conditions exist on the atiea in question <br />which cannot be cotUcected by the tcegutatan y <br />ptcocas otc the atcd.ina&y opetcati.on aj ptc i.vate <br />entenpAt6 e without tees otr t i,ng to tax abatement. <br />2) The area in question has been undetut Q.ized due <br />to economic c iAcum-stances which have deteltAed <br />notunal development. <br />3) The atcea in quetstion has become undm>itcable <br />4o& otc impozzible o4, nakma.2 development and <br />occupancy because o4 tack o4 development, <br />cusati.on a4 growth, and other 4actou which <br />have impai&ed values and ptcevented a normal <br />development o f the ptcope,�ty o& uze a4 the <br />ptco petrty. <br />4) Thus e cond,it ions neca s.i tated ownetus h.ip o4 <br />the pt opexty in question by the Model Cities <br />Economic Development CotcpoAation and the <br />Depatrtment a4 Redevelopment. <br />Explanation <br />The area in question is patt o4 the Jo&me4 <br />ny Avenue Redevelopment Area which wars putcchased <br />June o4 1979 by V. Robetrt Hepletc 4twm the Depattment <br />Redevelopment. Wtc. Heplea. zotd 2.15 acAes a4 this <br />peAty (at no pt of t) to Robetct Batteast. He tceta ined <br />remaining 4.35 aches. <br />The Metvcy Avenue area was dec eatced a Redevelopment <br />tea by the Redevelopment Commission puvsuant to Resotu ion <br />o. 417 passed on August 18, i'972. The Redevelopment DepaAt- <br />ent acted on behalf o4 the Model C%ti u and MetkopoZ tan <br />evelopment Act o4 1'966. Aequist:ion, relocation and clearance <br />ctiviti,e/s were completed in 1974 and the atLea was vacant <br />nt-it July 1, 1979 when Mt. Hepler' s project commenced <br />oivstruction. The bui,eding is used as a warehouse and o64.ice <br />ac c e ity Oar Mt. Hepler' z construction equipment bus.inuz . <br />he dtructur.e contains a total zquaAe 600tage of 10,800. <br />he estimated value of impravement6 is $365,000. <br />4 <br />