12-19-94 Council Meeting Minutes

Home Browse Search

REGULAR MEETING DECEMBER 19, 1994 NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the Petition for Real Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of Indiana Code 6 -1.1- 12.1 -1 et seq., and qualifies under the relevant provisions of South Bend Municipal Code Sections 2 -76 et seq., for tax abatement. 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. SECTION III. The Common Council hereby determines and finds that the proposed described redevelopment or rehabilitation can be reasonably expected to yield benefits identified in the Statement of Benefits set forth as Sections I through II of the Petition for Real Property Tax Abatement Consideration and that the Statement of Benefits form prescribed by the State Board of Accounts are sufficient to justify the deduction granted under Indiana Code 6 -1.1- 12.1 -3. SECTION IV. The Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Economic Revitalization Area and hereby adopts a Resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION 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 Council. SECTION VI. The Council pursuant to Section 2 -84 of the South Bend Municipal Code finds that ten (10) years is a proper designation in light of the following: (1) 100°% of the units will be rented to low income individuals or families; (2) $3,000,000 in hard dollar costs is 75% of the $4,000,000 guideline and far exceeds the $1,000,000 guideline for six (6) year abatement; (3) The project would be an integral part of the City's redevelopment plans for the area and would make a significant contribution to neighborhood revitalization. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of ten (10) years. SECTION VII. The Common Council directs adoption of this Declaratory Resolution published pursuant to Indiana Code 5 -3 -1 publication providing notice of the public proposed confirming of said declaration. SECTION VIII. This Resolution shall be in adoption by the Common Council and approval the City Clerk to for Real Property and Indiana Code hearing before the full force and eff by the Mayor. /s/ Ann Puzzello Member of the Common Council cause notice of the Tax Abatement to be 6 -1.1- 12.1 -2.5, said Common Council on the act from and after its A public hearing was held on the resolution at this time. Council Member Kelly reported that the Community and Economic Development Committee had met on this bill and recommended it to the Council favorable. Ann Mannix, Housing Development Manager, for Heritage Homes, made the presentation. She indicated they planned to construct fifty -four two and three bedroom apartments in twenty -seven duplexes which will be rented to low income families. She indicated they plan to start construction very soon. Gene Oakly, 2614 York Road, spoke in favor of this resolution. Council Member Coleman made a motion to adopt the resolution, seconded by Council Member Duda. Council Member Luecke announced that he is an employee of South Bend Heritage, but will not receive financial gain from passage of this resolution. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 2203 -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 1122 SOUTH MAIN STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND FIREFIGHTERS FEDERAL CREDIT UNION. 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 1122 South Main, South Bend, Indiana, and which is more particularly described as follows: