06-28-93 Council Meeting Minutes

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REGULAR MEETING JUNE 28, 1993 Section IV. Pursuant to Section 2 -84 of the South Bend Municipal Code, the Common Council accepts the recommendations of the Council's Human Resources and Economic Development Committee represented in this Substitute Resolution. The Common Council hereby makes the following specific findings which support its conclusions that the Petitioner, Greater South Bend Development Company, qualifies for a six (6) year real property tax abatement, and that the area described herein should be declared an economic revitalization area, with said conclusion being based on a project by project basis: (1) The current use of the petitioned property is vacant land, which has been platted for single family development, yet has remained undeveloped for forty years, and may remain vacant unless developed as a new single - family home affordably priced. (2) A significant number of parcels in the area are vacant land. (3) The proposed project will provide affordable new housing for moderate income families, with any tax credits afforded by the abatement being passed on to the buyers of the real estate. (4) The proposed project is the first attempt to build new affordable single - family housing in the central city for approximately forty (40) years. (5) Although the proposed project does not quality under the residentially distressed area criteria set forth in Indiana Code, Section 6 -1.1- 12.1 -4.1, nor the applicable regulations for residentially distressed areas of the South Bend Municipal Code due to its proposed location, it is believed that when weighing the totality of the circumstances, that the proposed project sends a positive message for such development and warrants the minimal real property tax abatement of six (6) years. Section V. The Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated as Economic Revitalization Area and hereby adopts this Resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatement. Section VI. The designation as an Economic Revitalization Area shall be limited to two (2) calendar years from the date of the adoption of the Resolution by the Common Council. Section VII. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of six (6) years and requests annual updates. Section VIII. The Common Council directs the City Clerk to cause notice; of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code, Section 5 -3 -1, and Indiana Code, Section 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. Section IX. 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. Council Member Kelly reported that the Human Resources Committee had met on this resolution and recommended it to the Council favorable, as amended. He indicated the years should be amended to six, also in section IV the committee added some additional language to clarify further the basis for the special exception, so in subsection 1 the current use of the of the petitioned property is vacant land, "which has been platted for single family development, yet has remained undeveloped for forty years, and may remain vacant unless developed as a new single - family home affordably priced." and a new subsection 2 "A significant number of parcels in the area are vacant land. ", and the remaining subsections will be renumbered, seconded by Council Member Puzzello. The motion carried. Barry Adams, Developer, indicated the abatement was part of a package put together through the Home Program and local banks to assist in moderate income home ownership. He indicated he felt without the abatement the program would not work. He indicated the home would be built on a slab, be approximately 1200 square feet with an attached garage, which will cost between $50 to $60,000 to build, and will sell for $45 to $50,000 due to the subsidy from the Home Program. Council Member Puzzello made a motion to adopt this resolution, as amended, seconded by Council Member Kelly. The resolution was adopted by a roll call vote of seven ayes. RESOLUTION NO. 2050 -93 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3511 AND 3615 WEST VOORDE DRIVE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX YEAR REAL PROPERTY TAX ABATEMENT FOR CAPITOL TECHNOLOGIES, INC.