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<br />REGULAR MEETING
<br />MARCH 8, 1993
<br />South Bend Municipal Code as an Economic Revitalization Area for purposes of real
<br />property tax abatement. Specific reasons for this determination include: First,
<br />this facility is important to the growth and development of the downtown area. As
<br />other developments move into the downtown area, they will build on parcels of land
<br />which are currently used for parking, such as the College Football Hall of Fame.
<br />They, and projects such as the soon to be reopened State Theatre, will attract
<br />people to the downtown area, which is the long -term goal of the City's downtown
<br />redevelopment plan. However, as more people are attracted to the downtown area, the
<br />need for parking will increase while the available parking will diminish because of
<br />the construction on sites presently used for parking. Thus, it is important that
<br />the Norwest garage remain open to provide for abundant, convenient, and inexpensive
<br />parking. Second, the Norwest garage is physically attached to the old Robertson's
<br />building. Any potential user of that building would be attracted by the
<br />availability of this easy access to parking. Conversely, if the parking facility
<br />were not available, it would further deter any future use of the building. Third,
<br />closure of the garage would exacerbate downtown parking problems. This would deter
<br />people from coming downtown, would inconvenience those who work downtown, and would
<br />inhibit further urban development.
<br />Section V. The designation as an Economic Revitalization area shall be limited
<br />to two (2) calendar years from the date of the adoption of this Resolution by the
<br />Common Council.
<br />Section VI. The Common Council hereby determines that the property owner is
<br />qualified for and is granted property tax deduction for a period of Six (6) years.
<br />Section VII. The Common Council directs the City Clerk to cause notice of the
<br />adoption of this Declaratory Resolution for Real Property Tax Abatement to be
<br />published, said publication providing notice of the public hearing before the Common
<br />Council on the proposed confirming of said declaration.
<br />Section VIII. This Resolution shall be in full force and effect from and after
<br />its adoption by the Common Council and approval by the Mayor.
<br />/s/ Stephen Luecke
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time. Council Member Kelly
<br />reported that the Human Resources Committee had met on this bill and recommended it
<br />to the Council favorable. Council Member Kelly a motion made to accept the
<br />substitute bill on file with the City Clerk, seconded by Council Member Duda. The
<br />motion carried. Ernest Zarwark, attorney, made the presentation for the
<br />resolution. He indicated they were requesting the abatement in order to do
<br />renovations in the amount of $750,000 to the parking garage at 119 W. Wayne. He
<br />indicated they were requesting a special exception, since parking garages are not
<br />automatically eligible for tax abatement. He indicated the garage has deteriorated
<br />and is in need of major repairs. He indicated the building receives a tax deduction
<br />for obsolescence Council Member Puzzello indicated she was in favor of the special
<br />exception, however, she did not think they should received abatement for ten years.
<br />She made a motion to reduce the years to six (6), seconded by Council Member
<br />Washington. The motion carried. Council Member Ladewski indicated tax abatement
<br />was not meant for maintenance repairs. Council Member Kelly made a motion to adopt
<br />this resolution, seconded by Council Member Duda. The resolution was adopted by a
<br />roll call vote of seven ayes and two nays (Council Members Zakrzewski and Ladewski.)
<br />RESOLUTION NO. 2023 -93 A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER OF IDLE
<br />FUNDS OF THE CITY OF SOUTH BEND, INDIANA, FROM VARIOUS FUNDS
<br />TO THE VARIOUS FUNDS WITHIN THE CIVIL CITY OF SOUTH BEND,
<br />INDIANA.
<br />It is necessary to provide funds for the General Fund, Park Maintenance Fund,
<br />Cumulative Capital Improvement Fund, and Cumulative Capital Development Fund prior
<br />to the receipt of taxes in the year 1993 in order to meet the current operating
<br />expenses of the City, provided for in the budget adopted for the year 1993.
<br />There are monies on deposit to the credit of various funds of the city, to -wit:
<br />The Liability Insurance Premium and Reserve Fund, the Sewage Works Depreciation
<br />Fund, the Sewage Works Operation and Maintenance Reserve Fund, the Sewage Works
<br />Operation and Maintenance Fund, the Police Pension Fund and the Fire Pension Fund,
<br />which can be temporarily advanced or transferred to the various funds already
<br />mentioned.
<br />Indiana Code 36 -1 -8 -4 authorizes the Common Council of the Civil City of South
<br />Bend, by Resolution adopted by such Council, to advance and transfer to a depleted
<br />fund from any other such fund, such amount and for such a period of time as may be
<br />prescribed in the Resolution.
<br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend,
<br />Indiana, as follows:
<br />Section I. The City Controller of the City of South Bend is authorized to
<br />transfer an aggregate amount not to exceed $7,600,000.00 to various funds from
<br />various funds as listed below. The aggregate amount of $7,600,000.00 to be
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