09-14-87 Council Meeting Minutes

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145 6 -1.1- 12.1 -1, et seq., and South Bend Municipal Code Section 2 -76, and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; 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 determines and finds that the estimate of the number of individuals that will be employed or whose employment will be retained and the estimate of the annual salaries of those individuals and the estimate of the value of the redevelopment or rehabilitation and any other benefits about which the body designating the economic revitalization area requires information are benefits that can be reasonably expected to result from the proposed described redevelopment or rehabilitation. SECTION II. That the Common Council hereby determines and finds the following: (A) If the proposed redevelopment or rehabilitation does not occur, the approximate current year tax rate for the City would remain at 15.0781; (B) If the proposed redevelopment or rehabilitation does occur and no deduction is granted, the approximate current year tax rate for the City would be 15.0542; (C) If the proposed redevelopment or rehabilitation occurs, the deduction is granted, and a deduction percentage of fifty percent (50 %) is assumed, the approximate current year tax rate for the City would be 15.0616. SECTION III. That the Common Council hereby determines and finds that the proposed described redevelopment or rehabilitation can be reasonably expected to yield the benefits identified in the statement of benefits set forth as sections 1 through 3 of the Petition for Real Property Tax Abatement Consideration and that the statements of benefits is sufficient to justify the deduction granted under Section 6 -1.1- 12.1 -3 of the Indiana Code. SECTION IV. 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 V. That this designation as an Economic Revitalization Area shall be limited to two (2) calendar years from the date of the adoption of this resolution by the Common Council. SECTION VI. That the Common Council hereby determines that the property owned is qualified for and is granted property tax deduction for a period of six (6) years. SECTION VII. 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. Kathleen Cekanski - Farrand indicated the resolution should be amended in Section II, (B) by changing the figure to 15.0542, and in (C) by changing the figure to 15.0616. Council Member Taylor made a motion to accept this amendment, seconded by Council Member Puzzello. The motion carried. T. Brooks Brademas, the petitioner, indicated he planned to build an 80 unit East Race Inn Hotel on the site of the former Morse Electric Property. He indicated this will be a long -term stay hotel facility and will be creating a number of new jobs. He indicated the project will be a mixed use with retail use of the hotel dominating and an estimated 10 percent of the total space devoted to office uses. He indicated I/N Tek had expressed an interest in this type of operation to be used by the personnel who will be building the plant. He indicated there also was a need for this type of facility by people using the City's medical facilities. Mary Guentert, 3510 Corby, spoke in favor of this resolution. Council Member Barcome made a motion to adopt this resolution, seconded by Council Member Paszek. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1533 -87 A RESOLUTION OF THE SOUTH BEND COMMON COUNCIL APPROVING RECOMMENDATIONS CONCERNING NEED FOR AND PROPER LOCATION OF PARKING FACILITIES. WHEREAS, I.C. 36- 9 -11 -4 provides that from time to time a city shall make or cause to be made surveys and studies necessary to determine the need for and proper location of parking facilities, giving due consideration to the free safe movement of traffic, the terminal points and concentration of traffic, and the adequacy of privately owned parking lots or structures; and