01-11-93 Council Meeting Minutes

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so REGULAR MEETING JANUARY 11, 1993 RESOLUTION NO. 2002 -93 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA COMMONLY KNOWN AS 1142 SOUTH MAIN STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR POLICEMEN'S FEDERAL CREDIT UNION. 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 1142 South Main and which is more particularly described as follows: That part of the Northwest Quarter of Section 13, Township 37 North, Range 2 East, Portage Township, City of South Bend, St. Joseph County, Indiana, which is described as: Lots H, I, K. L and M of the recorded Plat of Stull's Third Addition to the City of South Bend as shown in Plat Book #6, on Page #109 in the records of the St. Joseph County, Indiana Recorder's Office and being more particularly described as: Beginning at the southwest Corner of Lot M of the recorded Plat of Stull's Third Addition to the City of South Bend as shown in Plat Book #6, Page #109 in the records of the St. Joseph County, Indiana Recorder's Office said point also being the intersection of the east right -of -way line of Main Street and the north right -of -way line of Stull Street; thence N. OOo23' 38" W. along said east line, 198.25 feet (Record, 198.0 feet) to the northwest corner of Lot H in said Subdvision; thence N. 890 21' 44" E. along the north line of said Lot, 165.85 feet. (Record, 165.75 feet) to the west right -of -way line of a 14 ft. public alley and the northeast corner of said Lot; thence S. OOo 30' 02" E. along said west line 198.37 feet (198.0 feet to the north right -of -way line of Stull Street and the southeast corner of said Lot M; thence S. 8090 24' 32" W. along said north right -of -way line, 166.20 feet (Record, 165.75 feet) to the Point of Beginning. Containing 0.7758 acres or 32,923 square feet. with said real estate having the following Key No. 18 8004 0195; 18 8004 0197; 18 8004 0198; 18 8004 0199; 18 8004 0200; 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 three (3) 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. George Herendeen, attorney, made the presentation. He indicated the Policemen's Credit Union was being forced to move from their present location. He indicated they were requesting tax abatement for their new location. Council Member Coleman made a motion to adopt this resolution, seconded by Council Member Washington. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 2003 -93 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND TERMINATING THE FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR TORO SOUTH BEND MANUFACTURING. WHEREAS, the Common Council of the City of South Bend adopted Resolution No. 1939 -92 designating the property commonly known as 515 West Ireland Road, South Bend, Indiana, 46614, as an economic revitalization area for purposes of a five (5) year personal property tax abatement on April 28, 1992; and