02-09-87 Council Meeting Minutes

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W REGULAR MEETING FEBRUARY 9, 1987 seconds East, 487.24 feet to a point (which point is 264 feet South and 100 feet East of the Northwest corner of said Section 15); thence North 89 degrees 50 minutes 50 seconds East, 65 feet to the point of beginning. Subject to legal highways. be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1, et seq.; and WHEREAS, the Redevelopment Commission has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1- 12.1 -1, et seq., and has further prepared maps and plats showing the boundaries and such other information as required by law of the area in question; and WHEREAS, the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. That the Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Economic Revitalization Area and hereby adopts a resolution designating this area as an Economic Revitalization Area for purposes of personal property tax abatement. SECTION II. That this designation shall be limited to five (5) calendar years from the date of the adoption of this resolution by the Common Council. SECTION III. That the Common Council directs the City Clerk to cause notice of the adoption of this resolution to be published, said publication providing notice of the public hearing before the Common Council on said declaration. SECTION IV. This resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Joseph T. Serge Member of the Common Council A public hearing was held on the resolutions at this time. Council Member Voorde made a motion to accept the substitute bill 87 -2 on file with the City Clerk, seconded by Council Member Taylor. The motion carried. Eric Petersen, Chairman of the Board of Petersen Printing, indicated his company was experiencing the need for larger operating facilities, as well as newer technological equipment. He indicated their professional personnel, traditional commitment to superior quality and flexible techniques has enable them to prosper and grow. He indicated their growth can only be made through continued capital improvements. Council Member Voorde made a motion to adopt, as amended, Resolution No. 1463 -87, seconded by Council Member Taylor. The resolution was adopted by a roll call vote of nine ayes. Council Member Beck made a motion to adopt Resolution No. 1464 -87, seconded by Council Member Barcome. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1465 -87 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 213 W. WASHINGTON TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, the Common Council of the City of South Bend has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 213 W. Washington and more particularly described by a line drawn as follows: PARCEL I: Lots Numbered Two Hundred Thirty -Nine (239) and Two Hundred Forty (240) as shown on the original plat of the Town, now City of South Bend, Indiana; ALSO, a parcel of land to the West of and adjacent to Lots 239 and 240 as shown on the original plat of the Town, now City of South Bend, Indiana, more particularly described as beginning at the Southwest corner of said Lot Numbered 240; thence north along the West line of said Lots to the Northwest corner of said Lot Numbered 239; thence West 14 feet; thence South to a point 14 feet West of the point of beginning; thence East 14 feet to the point of beginning. (a) Title to the building and improvements located on Parcels 1, 2, and 3. (b) Lessee's interest in leasehold on the fee simple title to parcel 1 under 99 year ground lease from Pak Joint Venture (landlord), a joint venture organized and existing under the laws of the State of Indiana and composed