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a <br /> Human Resources and Economic Development Committee <br /> March 11, 1991 <br /> Page 2 <br /> between 5 to 7 employees at the facility, therefore <br /> qualifying the project for a 3 year tax abatement. <br /> Council Member Luecke noted that in light of the information <br /> provided, that the building project would qualify for a 3 <br /> year real property tax abatement. He further noted that <br /> amendments to Resolution No. 91-17 would be necessary to <br /> strike the word "six" in the title and in Section II, and to <br /> replace "three" in each instance. <br /> Following further discussion, Council Member Slavinskas made <br /> a motion seconded by, Council Member Duda, that amended <br /> Resolution No. 91-17 be recommended favorably to Council. <br /> The motion passed. <br /> Council Member Luecke noted that the next item on the agenda <br /> was to review Resolution No. 91-18 which is a request for a <br /> 10 year real property tax abatement for Historic Dunbar <br /> Corner. <br /> Council Member Luecke noted that the property owner, <br /> Historic Dunbar Corner Partnership L.P. , is a limited <br /> partnership registered in the State. The general partner of <br /> this partnership is Historic Dunbar Corner Corporation, a <br /> wholly owned subsidiary of the South Bend Heritage <br /> Foundation. This corporation is an Indiana for Profit <br /> corporation. The limited partner is National Equity Fund. He <br /> also noted that the project developer is the South Bend <br /> Heritage Foundation, and will also be the project <br /> contractor. <br /> Council Member Luecke stated that he brings all of this <br /> information to the Committee's attention, in light of the <br /> fact that he is an employee of South Bend Heritage <br /> Foundation. He further noted that he had discussed this <br /> situation with the Council Attorney, and it has been <br /> determined that he does not have a conflict of interest <br /> since he would realize no financial gain from the proposed <br /> project if it is granted real property tax abatement. <br /> Hedy Robinson then reviewed the report from the Department <br /> of Economic Development, dated February 21, 1991 (copy <br /> attached along with the petition) . <br /> It was noted that the Petitioner proposed to renovate 7 <br /> houses at the corner of Colfax and LaPorte. Two of the <br /> houses are fire damaged and have remained vacant for at <br /> least 15 years. A third house is also vacant. Once the <br />