02-14-94 Council Meeting Minutes

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REGULAR MEETING FEBRUARY 14, 1994 (c) the estimate of the annual salaries of those individuals who will be employed or whose employment will be retained can be reasonably expected to result from the proposed installation of new equipment; (d) any other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed installation of new manufacturing equipment; and (e) the totality of benefits is sufficient to justify the deduction requested. SECTION II. The Common Council hereby determines and finds that the proposed new manufacturing equipment can be reasonably expected to yield the benefits identified in the State of Benefits as set forth in Section 1 through 3 of the Petition for Personal Property Tax Abatement Consideration and that the Statement of Benefits form completed by the Petitioner, said form being prescribed by the State Board of Accounts, are sufficient to justify the deduction granted under Indiana Code 6 -1.1- 12.1 -4.5. SECTION III. The Common Council hereby accepts the report and recommendation of the Department of Economic Development, and the Human Resources and Economic Development Committee's favorable recommendation, that the area herein described be designated as Economic Revitalization Area for purposes of personal property tax deduction for a period of five (5) years. SECTION IV. The Common Council determines that such designation is for personal property tax abatement only and shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution to be published pursuant to Indiana Code 5 -3- 1, said publication providing notice of the public hearing before the Common Council on said declaration. SECTION VII. This resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Ann Puzzello Member of the Common Council A public hearing was held on the resolution at this time. Council Member Kelly reported that the Economic Development Committee had met on this bill and recommended it to the Council favorable. James Gregory, President, made the presentation for the resolution. He indicated the company needed to replace molding machines in order to increase their efficiency and be more competitive with their current customer base. He indicated this will allow them to maintain their current employment, and in the future increase their employment. Tom Burnette, 1216 King St., and John Bohannon, 2102 Lincolnway West, spoke against the abatement. Council Member Luecke made a motion to correct two misspelled words in the title, seconded by Council Member Coleman. The motion carried. Council Member Coleman made a motion to adopt this resolution, seconded by Council Member Ladewski. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 2097 -94 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 210 S. MICHIGAN, SOUTH BEND, INDIANA, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN YEAR REAL PROPERTY TAX ABATEMENT FOR ONE PLAZA PLACE ASSOCIATES WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area commonly known as 210 South Michigan Street, South Bend, Indiana, and which is more particularly described as follows: Part of Lots 57 and 58, original plat of South Bend, St. Joseph County, Indiana, described as follows: Commencing at the Northwest corner of Lot 58; thence South 0(P 31' 55" East on the West line of said Lot 58, a distance of 44.98 feet to the point of beginning; thence North 890 38' 45" East parallel to the Northline of said Lot 58, a distance of 32.43 feet; thence North 000 31' 55" West parallel to the West line of Lots 57 and 58, a distance of 6.98 feet; thence North 890 38' 45" East parallel to the North line of said Lot 58, a distance of 2.00 feet; thence North 45° 19' 29" East, a distance of 21.735 feet; thence South 460 01' 59" East, a distance of 21.735 feet; thence North 8 P 38' 45" East parallel to the North line of said Lot 58, a distance of 2.00 feet; thence South 000 31' 55" East parallel to the West line of said lots 56 and 58, a distance of 6.98 feet; thence North 890 38' 45" East parallel to the North line of said Lot 58, a distance of 36.10 feet; thence South 000 31' 55" East parallel to the West line of said Lots 57 and 58, a distance of 47.35 feet; thence South 890 38' 45" West parallel to the North line of said Lot 58, a distance of 4.32 feet; thence South OCP 31' 55" East parallel to the West line of said lots 57 and 58, a distance of