01-26-98 Council Meeting Minutes

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REGULAR MEETING JANUARY 26, 1998 WHEREAS, the Appraisal Group, Inc., valued the Real Property at $40,000.00 and Greg Barkley, appraiser, valued the property at $38,000.00; and WHEREAS, AN OFFER TO PURCHASE REAL ESTATE MUST NOT EXCEED THE AVERAGE OF TWO APPRAISALS. WHEREAS, the Department of Water Works wishes to offer $9,500.00 /acre, for a total of 38,000.00 to Waggoner Dairy Farm, Inc. for the Real Property; and NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of south Bend, Indiana, as follows: I. The Director of the Department of Water Works is authorized and directed to cause a notice and written offer in the amount of $38,000.00 to be made to the owners of Real Property described herein. II. The purchasing agent shall give a copy of both appraisals to the Common Council. /s/ Sean Coleman Member, South Bend Common Council A public hearing was held on the resolution at this time. John Stancati, director of the Water Works, made the presentation for the resolution. He reported the purchase of this land will allow them to erect an elevated water storage tank, this will equalize the pressure in that zone. He advised the four acres will get us close to our distribution system without violating FAA air space. Council Member Kelly made a motion to adopt this resolution, seconded by Council Member Aranowski. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 2544 -98 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 1010 PRAIRIE AVENUE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR HUCKINS TOOL & DIE CO., INC. WHEREAS, a petition for personal property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 1010 Prairie, South Bend, Indiana, and which is more particularly described as follows: Tract of land beg. 260.58' swly se cor Sample & Vac Prairie Avenue Cont 1.343 ac +- known as Tract 4 and this property has Key Numbers 18 8021 084903, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6- 1,1- 12.1 -1 et sea., and South Bend Municipal Code Section 2 -76 et seq.: and WHEREAS, the Department of Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1- 12.1 -1, et seq., and South Bend Municipal Code Sections 2- 76 et sea. and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an 1 1