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05-08-95 Council Meeting Minutes
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05-08-95 Council Meeting Minutes
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City Council - City Clerk
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Council Mtg Minutes
City Counci - Date
5/8/1995
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REGULAR MEETING <br />MAY 8, 1995 <br />RESOLUTION NO. 2237 -95 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND <br />DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, <br />INDIANA, COMMONLY KNOWN AS THE SOUTHEAST CORNER OF LAFAYETTE <br />BLVD. AND BRONSON STREET AN ECONOMIC REVITALIZATION AREA FOR <br />PURPOSES OF A TEN YEAR REAL PROPERTY TAX ABATEMENT FOR <br />DESIGN PACKAGING, INC. <br />WHEREAS, a petition for real property tax abatement has been filed with the City <br />Clerk for consideration by the Common Council of the City of South Bend, Indiana <br />requesting that the area commonly known as the Southeast corner of Lafayette and <br />Bronson, and which is more particularly described as follows: <br />That part of the Southwest Quarter of Section 12, Township 37 North, Range 2 <br />East, Portage Township, City of South Bend, St. Joseph County, Indiana which is <br />described as: Tract 2 of the Plat of "Studebaker corporation Replat" as <br />Recorded in Plat Book 11, page 184 the records of the St. Joseph County, Indiana <br />Recorder's Office; thence South 89 48' 29" West along the south line of said <br />Tract and the north right -of -way line of Tutt Street, 172.63 feet (Record S. 89 <br />50122" West, 172.44 feet) to the West line of said Tract and the east right -of- <br />way line of Lafayette Blvd.; thence North 00 10' 41" West along said right -of- <br />way line 765.22 feet (Record, North 00 12' 10" West, 764.97 feet) to the North <br />line of said Trace and the south right -of -way line of Bronson Street; thence S. <br />89 10' 55" East along said right -of -way line, 172.26 feet (Record, South 00 12' <br />29" East, 172.38 feet) to the northeast corner of said Tract; thence South 00 <br />12' 28" East, 764.35 feet) to the Point of Beginning. <br />Containing 3.0231 acres or 131,687 square feet. <br />and which has Key Number 18 3041 1558 be designated as an Economic Revitalization <br />Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et. seq. and South Bend <br />Municipal Code Sections 2 -76 Et Seq. <br />Whereas, the Department of Economic Development has concluded an investigation <br />and prepared a report with information sufficient for the Common Council to determine <br />that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1- <br />12.1-1, et seq., and South Bend Municipal Code Sections 2 -76, et seq., and has <br />further prepared maps and plats showing the boundaries and such other information <br />regarding the area in question as required by law; and <br />Whereas, the Human Resources and Economic Development Committee of the Common <br />Council has reviewed said report and recommended to the Common Council that the area <br />qualifies as an Economic Revitalization Area. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, <br />Indiana, as follows: <br />SECTION I. The Common Council hereby determines and finds that the Petition for Real <br />Property Tax Abatement and the Statement of Benefits form completed by the Petitioner <br />meet the requirements of Indiana Code 6 -1.1- 12.1 -1 et seq., and qualifies under the <br />relevant provisions of South Bend Municipal Code Sections 2 -76 et seq., for tax <br />abatement. <br />SECTION II. The Common Council hereby determines and finds the following: <br />A. That the description of the proposed redevelopment or rehabilitation meets <br />the applicable standards for such development. <br />B. That the estimate of the value of the redevelopment or rehabilitation is <br />reasonable for projects of this nature; <br />C: That the estimate of the number of individuals who will be employed or whose <br />employment will be retained by the Petitioner can reasonably be expected to <br />result from the proposed described redevelopment or rehabilitation; <br />E. That the other benefits about which information was requested are benefits <br />that can be reasonably expected to result from the proposed described <br />redevelopment or rehabilitation; and <br />F. That the totality of benefits is sufficient to justify the requested <br />deduction, all of which satisfy the requirements of Indiana Code 6 -1.1- 12.1 -3. <br />SECTION III. The Common Council hereby determines and finds that the proposed <br />described redevelopment or rehabilitation can be reasonably expected to yield <br />benefits identified in the Statement of Benefits set forth as Sections I through II <br />of the Petition for Real Property Tax Abatement Consideration and that the Statement <br />of Benefits form prescribed by the State Board of Accounts are sufficient to justify <br />the deduction granted under Indiana Code 6 -1.1- 12.1 -3. <br />SECTION IV. The Common Council hereby accepts the report and recommendation of the <br />Human Resources and Economic Development Committee that the area herein described be <br />designated an Economic Revitalization Area and hereby adopts a Resolution designating <br />this area as an Economic Revitalization Area for purposes of real property tax <br />abatement. <br />
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