01-08-96 Council Meeting Minutes

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REGULAR MEETING JANUARY 8, 1996 known as 3722 Foundation Court, 4207 Mayflower, South Bend IN, and which is particularly described as follows: 5.72 acres, irregular tract South side Foundation Court beginning 318.73 feet East and 528.34 feet North of South West corner South East Quarter being Lot 6 -5; Airport Industrial Park, phase 3, Section 28 -38E. and Lot 1 Crossroads Industrial Complex Minor Subdivision (Inst. 8114750) being a part of the Northwest Quarter of Section 20, Township 38 North, Range 2 East, German Township, City of South Bend, St. Joseph County, Indiana with said real estate having the following Key Nos. 25 1010 040018 and 25 1018 06162 as an Economic Revitalization Area; 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 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 Personal 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 Personal property tax deduction for a period of five (5) 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- 12.1 et sea. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s /Roland Kelly Member of the Common Council A public hearing was held on the resolution at this time. Tom Hoffman, vice president of O -T -D, made the presentation for the resolution. He indicated this project is for the purchase and installation of $1,100,000 worth of equipment for manufacturing aluminum containers. He indicated the equipment will be located on Foundation Court, and Mayflower Road. Council Member Coleman made a motion to adopt this resolution, seconded by Council Member Washington. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 2330 -96 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS SOUTHEAST CORNER OF WEST EWING AVENUE, PRAIRIE AVENUE AND LOCUST ROAD RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR REAL PROPERTY RESIDENTIAL TAX ABATEMENT FOR EMERSON FOREST, LLC LJ 1 1