06-13-94 Council Meeting Minutes

Home Browse Search

OEGULAR MEETING I JUNE 13, 199Y A. That the description of the proposed redevelopment or rehabilitation meets the applicable standards for such development. B. That the estimate of the value of the redevelopment or rehabilitation is reasonable for projects of this nature; C. That the estimate of the number of individuals who will be employed or whose employment will be retained by the Petitioner can reasonably be expected to result from the proposed described redevelopment or rehabilitation; E. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment or rehabilitation; and F. That the Totality of benefits is sufficient to justify the requested deduction, all of which satisfy the requirements of Indiana Code 6 -1.1- 12.1 -3. G. That the area is located in an Economic Development Target Area designated as such under Indiana Code 6 -1.1- 12.1 -7. TION III. The Common Council hereby determines and finds that the proposed described .evelopment or rehabilitation can be reasonably expected to yield benefits identified the Statement of Benefits set forth as Sections I through II of the Petition for Real perty Tax Abatement Consideration and that the Statement of Benefits form prescribed the State Board of Accounts are sufficient to justify the deduction granted under .iana Code 6 -1.1- 12.1 -3. CTION IV. The Common Council hereby accepts the report and recommendation of the man Resources and Economic Development Committee that the area herein described be signated an Economic Revitalization Area and hereby adopts a Resolution designating is area as an Economic Revitalization Area for purposes of real property tax ECTION V. The designation as an Economic Revitalization Area shall be limited to two 2) calendar years from the date of the adoption of this Resolution by the Common ouncil. ION VI. The Common Council hereby determines that the property owner is qualified and is granted property tax deduction for a period of ten (10) years. :TION VII. The Common Council directs the City Clerk to cause notice of the adoption this Declaratory Resolution for Real Property Tax Abatement to be published pursuant Indiana Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice the public hearing before the Common Council on the proposed confirming of said :laration. DN VIII. This Resolution shall be in full force and effect from and after its ion by the Common Council and approval by the Mayor. /s/ Ann Puzzllo Member of the Common Council public hearing was held on the resolution at this time. Council Member Kelly reported eat the Community and Economic Development Committee had met on this bill and :commended it to the Council favorable. Stan Blenke, vice president of Schafer, made �e presentation for the bill. He indicated they planned to construct an addition to Leir present facility that will consist of manufacturing space and new loading docks. indicated fifteen new jobs will be created. Council Member Kelly made a motion to .opt this resolution, seconded by Council Member Coleman. The resolution was adopted a roll call vote of nine ayes. -94 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN A 1530 SOUTH OLIVE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A 10 YEAR REAL PROPERTY TAX ABATEMENT FOR CON -WAY CENTRAL EXPRESS. WHEREAS, a petition for real property tax abatement has been filed with the City lerk for consideration by the Common Council of the City of South Bend, Indiana equesting that the area commonly known as 1530 S. Olive, South Bend, Indian, and which s more particularly described as follows: 1. 1145.63' x 339.41' 2. BEG E LN OLIVE ST. end which has Key Number 18 8075 4102 be designated as an Economic Revitalization Area ender the provisions of Indiana Code 6 -1.1- 12.1 -1 et. seq. and South Bend Municipal Code sections 2 -76 Et Seq. Whereas, the Department of Economic Development has concluded an investigation and