07-27-87 Council Meeting Minutes

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124 REGULAR MEETING JULY 27, 1987 South 1/2 Lot #9 Samuel Martin's Addition 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 questions; 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 real 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 resolution at this time. Council Member Voorde made a motion to amend this resolution in Section 2, delete five insert two, add a new Section 4 to read: The abatement deduction shall be for six years. This determination is made under the authority of I.C. 6 -1.1- 12.1 -3. Current Section Four would be Section Five., seconded by Council Member Taylor. The motion carried. Richard Lutin, 111 E. Main, Niles, indicated he planned to renovate this building and use it as a music store. He indicated one full -time employee, and two part -time employees will be hired. Council Member Taylor made a motion to adopt this resolution, seconded by Council Member Beck. The resolution was adopted by a roll call vote of seven ayes and two nays (Council Members Barcome and Paszek.) Council Member Taylor made a motion to combine public hearing on the next two resolutions, seconded by Council Member Zakrzewski. The motion carried. RESOLUTION NO. 1525 -87 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 701 SOUTH CHAPIN STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, a petition for real property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 701 South Chapin Street, South Bend, Indiana, and which is more particularly described follows: Situate in St. Joseph County in the State of Indiana: That part of Bank Out Lots No. Seventy -six (76), Seventy -seven (77) and Seventy -eight (78) of the Out Lots of the Town, now City of South Bend platted by the State Bank of Indiana, and a Bank Out Lots Ninety -one (91), Ninety -two (92), Ninety -three (93), One Hundred Four (104), One Hundred Five (105) and One Hundred Six (106) of the 2nd Plat of the Out Lots of the Town, now City of South Bend, platted by the State Bank of Indiana, bounded by the following described line: Beginning at a point on the East line of Arnold St. 669.54 feet North of the South line of said Bank Out Lot Ninety -three (93); thence Northeasterly at an angle to the right of 61045' a distance of 52.48 feet; thence at an angle to the right of 20014' a distance of 43.28 feet; thence at an angle to the right of 8020' a distance of 211.68 feet; thence at an angle to the right of 16027' for a distance of 91.39 feet; thence at an angle to the right of 005' a distance of 50.0 feet; thence at an angle to the right of 007' a distance of 50.0 feet; thence at an angle to the left of 0051a distance of 50.0 feet; thence at an angle to the right of 002' a distance of 50.0 feet; thence at an angle to the left of 0012' a distance of 50.0 feet; thence at an angle to the right of 0017' a distance of 50.0 feet; thence at an angle to the right of