06-11-01 Council Meeting Minutes

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REGULAR MEETING JUNE 11, 2001 property tax deduction for a period of ten (10) years. SECTION VII. The designation as an Economic Revitalization Area shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VIII. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of ten (10) years. SECTION IX. The petitioner and Common Council agree that prior to the hearing of the Confirmatory Resolution, that the petitioner and the Common Council will enter into a Memorandum of Agreement that will specifically identify the terms and conditions of this abatement. SECTION X. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6- 1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION XI. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor, and shall be retroactive to May 5, 1997. s /Charlotte Pfeifer Member of the Common Council Councilmember Kelly made a motion to consider the amended version of this Resolution. Councilmember Coleman seconded the motion which carried by a voice vote of nine (9) ayes. Councilmember Kelly reported that the Community and Economic Development Committee met on this bill and recommends this Resolution to the Council favorably. Mr. David Bitter, Chief Financial Officer, Honeywell International's Aircraft Landing Systems Business Unit, 3520 Westmoor Street, South Bend, Indiana, made the presentation for this Resolution. Mr. Bitter informed the Council that this abatement is associated with the real property at 3520 Westmoor Street and is associated with the friction materials and dynamometer testing facilities expansion which was completed in 1997 -1998. A Public Hearing was held on the Resolution at this time. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution, Councilmember Kelly made a motion to adopt this Resolution as amended. Councilmember Varner seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. RESOLUTION NO. 3014 -01 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 733 WEST CHIPPEWA AVENUE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR ITW REDDI -PAC, INC. WHEREAS, a petition for personal property tax abatement consideration has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, j requesting that the area commonly known as 733 West Chippewa Avenue, South Bend, Indiana, and which is more particularly described as follows: