09-27-93 Counicl Meeting Minutes

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ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AUTHORIZING THE ACQUISITION AND CONSTRUCTION OF EXTENSIONS, ADDITIONS AND IMPROVEMENTS TO THE MUNICIPAL WATERWORKS OF THE CITY OF SOUTH BEND, INDIANA, AUTHORIZING THE ISSUANCE OF REVENUE BONDS TO PROVIDE FOR THE COSTS THEREOF, AND AUTHORIZING THE COLLECTION, SEGREGATION AND DISTRIBUTION OF THE REVENUES OF SUCH WATERWORKS AND OTHER RELATED MATTERS ". This bill had third reading. Council Member Puzzello made a motion to pass this bill, seconded by Council Member Slavinskas. The bill passed by a roll call vote of nine ayes. RESOLUTIONS RESOLUTION NO. 2067 -93 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 400 WEST SAMPLE STREET, SOUTH BEND, INDIANA 46634 TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR TURNMASTER CORP. d /b /a SOUTH BEND LATHE CORP. WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 400 W. Sample, South Bend IN, and which is particularly described as follows: Parcel No. 6 in the Inner Belt Industrial Park, a Subdivision in the Southeast and Southwest Quarters of Section Eleven (11) and the Northeast Quarter (1/4) of Section Fourteen (14) all in Township Thirty -seven (37) Range Two (22) east of the Second Principal Meridian, City of South Bend, Indiana, the Plat of which is recorded in the office of the Recorder of St. Joseph County, Indiana, in Plat Book 21, page I, EXCEPTING therefrom the West 30 feet of the East 40 feet of vacated Prairie Avenue. Also, EXCEPTING therefrom a part of Parcel No. 6 Inner Belt Industrial Park described as follows, viz: Beginning at the Southwest corner of Parcel No. 6 Inner Belt Industrial Park; thence North zero degrees 10 minutes 32 second West 73.55 feet along Easterly line of Chapin Street; thence Northeasterly to the right on the arc of a curve 60.52 feet with a radius of 565 feet and limited to in length by a long chord of 60.49 feet along the East line of Chapin street; thence North 5 degrees 57 minutes 39 seconds East 52.92 feet along said East line of Chapin Street; thence South 61 degrees 39 minutes 41 seconds East 81.15 feet to the Southeasterly line of said Parcel No. 6; thence Southwesterly 167.68 feet along said Southeasterly line to place of beginning. with said real estate having the following Key No. 18- 8021 - 084906 an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of ten (10) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et seq. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s /Stephen Luecke Member of the Common Council A public hearing was held on the resolution at this time. Ernest Szarwark, attorney, made the presentation for the resolution. He indicated this facility was in need of renovation. He indicated they planned to insulate the walls, install heating units, install a skylight, and reroof a portion of the building, in order to have better working conditions for their employees. Council Member Slavinskas made a motion to adopt this resolution, seconded by Council Member Coleman. The resolution was adopted by a roll call vote of nine ayes.