05-22-00 Council Meeting Minutes

Home Browse Search

REGULAR MEETING MAY 22, 2000 the Council has been published pursuant to Indiana code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of ten (10) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et. sea. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. s /Charlotte Pfeifer Member of the Common Council Mr. Frank A. Perri, Senior Vice - President - Development, The Holladay Group, 227 South Main Street, Suite 300, South Bend, Indiana, made the presentation for this Resolution. Mr. Perri informed the Council that this tax abatement will allow Haldex Garphyttan Wire to expand their facility by fifty per cent (50 %). The addition will be forty -one thousand six hundred (41,600) feet. Further, anew annual payroll of three hundred fifty thousand dollars ($350,000.00) is expected for this project. 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 Coleman made a motion to adopt this Resolution. Councilmember Kelly seconded the motion which carried and the Resolution was adopted by a roll call vote of seven (7) ayes. BILL NO. 00 -49 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3445 WILLIAM RICHARDSON COURT TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR THOMAS E. LOWE (PLAYING MANTIS, INC.) Councilmember Kelly made a motion that this tax abatement be continued until the June 12, 2000 meeting of the Council at the request of the Petitioner. Councilmember Coleman seconded the motion which carried by a voice vote of seven (7) ayes. 1 1