06-22-92 Council Meeting Mniutes

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,167 of said Northeast Quarter; thence South 0 °00123" West a distance of 50.00 feet to the western boundary of Kenmore Street and the point of beginning; thence South 0 °00123" West a distance of 146.47 feet along said western boundary; thence southerly along said boundary 297.10 feet along an arc to left having a radius of 1949.86 feet and subtended by a long chord having a bearing of South 4 °21'31" East and a length of 196.77 feet; thence South 89 °47105" West a distance of 499.31 feet; thence North 0 °02141' east a distance of 466.42 feet along said south boundary; thence South 45 °05146" East a distance of 14.12 feet to the point of beginning and containing 5.000 acres, more or less. with said real estate having the following Key No. 25 1010 038504, as 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 six (6) 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. STEPHEN LUECKE Member of the Common Council A public hearing was held on the resolutions at this time. Bruce Squillante, attorney for the petitioners, made the presentation for the resolutions. He indicated Aucilla was planning to expand their facilities, as well a purchase injection molding machines and support equipment with advanced technology that is required by the electronic and health care industries. Council Member Coleman made a motion to adopt Resolution No. 92 -47, seconded by Council Member Washington. The resolution was adopted by a roll call vote of nine ayes. Council Member Zakrzewski made a motion to adopt Resolution No. 92 -48, seconded by Council Member Coleman. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1957 -92 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2603 FOUNDATION DRIVE, TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A 5 YEAR PERSONAL PROPERTY TAX ABATEMENT FOR RICASSO, INC. 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 2603 Foundation Dr. and which is more particularly described as follows: A tract of land in Section 28, Township 38 North, Range 2 East, German Township, St. Joseph County, Indiana, described as:Beginning at the Southeast corner of said Section 28, thence North 89 degrees 59157" West on and along the South line of said Section 28, said line also being the centerline of Lathrop Street, a distance of 1982.03 feet; thence North 90 degrees 00'00" West on and along said South line a distance of 660.68 feet; thence South 89 degrees 59'3" West on and along said South line a distance of 661.27 feet; thence North 0 degrees 00'18" East a distance of 40.00 feet to the north line of Lathrop Street and the Southwest corner of Block 3 of Airport Industrial Park, Phase III; thence North 0 degrees 00'18" east on and along the West line 4 of said Block 3 a distance of 1260.19 feet to the true place of beginning; thence continuing North 0 degrees 00118" east on and along said West line a distance of 290.40 feet; thence South 89 degrees 59142" East a distance of 450.00 feet to the West line of Foundation Drive; thence South 0 degrees 00118" West on and along the West line of Foundation Drive a distance of 290.40 feet to the centerline of Foundation Court extended; thence North 89 degrees 59142" West a distance of 450.00 feet to the true point of beginning, such tract containing 3.00 acres, more or less, and being Lot 3 -5 of the Airport Industrial Park, Phase III.