12-14-98 Council Meeting Minutes

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REGULAR MEETING DECEMBER 14, 1998 property. Jeff Wells, 225 S. LaFayette, indicated Herrman and Goetz had no plans to dig down to the water level. The Council asked that there would be no digging to ground water level in the commitment. Council Member Hosinski 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. 2698 -98 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS NORTHWEST CORNER OF NIMTZ PARKWAY AND CRESCENT CIRCLE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND REDEVELOPMENT COMMISSION FOR THE BENEFIT OF CRESCENT MICHIANA PROPERTIES LLC WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the areas commonly known as Nimtz Parkway and Crescent Circle, South Bend, Indiana, and which are more particularly described as follows: Lot #3 of Blackthorn Corporate Office Park minor subdivision V. A part of NE 1/4 & SE 1/4 of Sec. 19- T38N -R23 & a part of NW 1/4 & SW 1/4 of section 20- T38N -R2E, German Township, City of South Bend, St. Joseph County, Indiana. and which has tax key number 25- 1018 -0622, as Residentially Distressed Areas; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before 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 a residentially distressed areas 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 or 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 seq. SECTION III. Upon the effective date of this Resolution, Resolution No. 2637 -98 is hereby rescinded. SECTION IV. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor.