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REGULAR MEETING <br />being prescribed by the <br />to justify the deduction <br />4.5. <br />SEPTEMBER 9, 1996 <br />State Board of Accounts, are sufficient <br />gran 4d under Indiana Code 6- 1.1 -12.1- <br />SECTION III. The Common <br />and recommendation of the Dep+ <br />the Human Resources and Econoi <br />favorable recommendation, tha- <br />designated as Economic Revita: <br />personal property tax deductii <br />Council hereby accepts the report <br />artment of Economic Development, and <br />nic Development Committee's <br />t the area herein described be <br />Lization Area for purposes of <br />Dn for a period of five (5) years. <br />SECTION IV. The Common' ouncil determines that such <br />designation is for personal p operty tax abatement only and shall <br />be limited to two (2) calenda years from the date of the <br />adoption of this Resolution b the Common Council. <br />SECTION V. The Common C uncil hereby determines that the <br />property owner is qualified f r and is granted property tax <br />deduction for a period of fiv (5) years. <br />SECTION VI. The Common Council directs the City Clerk to <br />cause notice of the adoption of this Declaratory Resolution to be <br />published pursuant to Indiana Code 5 -3 -1, said publication <br />providing notice of the public hearing before the Common Council <br />on said declaration. <br />SECTION VII. This resol tion shall be in full force and <br />effect from and after its adoption by the Common Council and <br />approval by the Mayor. <br />/s/ Roland Kelly <br />Member of the Common Council <br />A public hearing was held on <br />Coleman reported that the Com <br />Committee had met on this bil. <br />favorable. Ernest Szarwark, <br />the resolution. He indicated <br />in the automotive and office <br />they now have forty -seven peo] <br />hire six additional employees <br />equipment in order to be comp, <br />Council Member Coleman made a <br />seconded by Council Member Wa <br />adopted by a roll call vote o: <br />the resolution. Council Member <br />nunity and Economic Development <br />L and recommended it to the Council <br />attorney, made the presentation for <br />Total manufactures tooling for use <br />Eurniture industries. He reported <br />?le employed and they planned to <br />. He indicated they needed the new <br />stitive with others in their field. <br />motion to adopt this resolution, <br />shington. The resolution was <br />E nine ayes. <br />Council Member Coleman made a motion to combine public hearing on <br />the next two resolutions, sec nded by Council Member Washington. <br />The motion carried. <br />RESOLUTION NO. 2401 -96 A RESOLUTION OF THE COMMON COUNCIL OF <br />THE <br />CITY OF SOUTH BEND, DESIGNATING <br />CERTAIN <br />AREAS WITHIN THE CITY OF SOUTH <br />BEND <br />COMMONLY KNOWN AS 2424 NORTH <br />FOUNDATION <br />DRIVE, SOUTH BEND, INDIANA, <br />AN ECONOMIC <br />REVITALIZATION AREA FOR <br />PURPOSES <br />OF A SIX (6) YEAR REAL PROPERTY <br />TAX <br />WHEREAS, a petition for <br />ABATEMENT FOR NIMET INDUSTRIES <br />real property tax abatement has been <br />filed with the City Clerk for <br />consideration by the Common Council <br />of the City of South Bend, In <br />liana requesting that the area <br />commonly known as 2424 N. Fou <br />dation Dr., South Bend, Indiana, <br />and which is more particularlF <br />described as follows: <br />A parcel of land in part of tae <br />south half of Section 28, <br />Township 38 north range 2 eas <br />, German township, St. Joseph <br />County, Indiana, described as <br />follows: <br />Commencing at the southeast corner of said Section; thence north <br />