04-25-88 Council Meeting Minutes

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MO I REGULAR MEETING ARPIL 25, 1988 NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds the following: a. That the estimate of the value of the redevelopment or rehabilitation is reasonable for projects of this nature; b. That the estimate of the number of individuals who will be employed or whose employment will be retained can reasonably by expected to result from the proposed described redevelopment of rehabilitation; c. That the estimate of the annual salaries of those individuals who will be employed or whose employment will be retained can be reasonalby expected to result from the proposed redevelopment or rehabilitation; d. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment or rehabilitation; and e. That the totality of benefits is sufficient to justify the deduction all of which satisfy the requirements of I.C., 6 -1.1- 12.1 -3. SECTION III. 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 I through III of the completed Statement of Benefits Form prescribed by the State Board of Tax Commissioners are sufficient to justify the deduction granted under Section 6 -1.1- 12.1 -3 of the Indiana Code. SECTION IV. 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 a resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION V. The 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. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of ten (10) 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/ John Voorde Member of the South Bend Common Council A public hearing was held on the resolution at this time. Council Member Voorde made a motion to accept the substitute version of this bill as on file with the City Clerk's Office, seconded by Council Member Zakrzewski. The motion carried. Lyn Weber, Can American Realty Corp., Minneapolis, MN, made the presentation on this bill. She indicated the plans submitted by Winsor Faricy Architects, contemplate 202 apartment units in six buildings. The largest building will enclose 82 apartment units in three stories, with an underground parking garage for 84 vehicles. It will be the only building to have an elevator. The other buildings will be smaller, three story walkups with parking garages tucked under the living areas. Dark red brick and stucco exteriors and peaked roofs will give the apartments an urban look designed to fit the tone of the downtown site. Council Member Luecke, Chairman, Human Resources and Economic Development Committee indicated that the Committee met April 25, 1988 and send this resolution to the Council with a favorable recommendation. John Wojtan, 6216 Exeter Ct., questioned if the City could provide municipal services to a project of this size. Jim Cronk, 702 E. LaSalle, indicated that the land in question should be used to build offices to accommodate the downtown area. Joe Guertnert, 3510 Corby, indicated that the taxes in the city are too high. Council Member Zakrzewski made a motion to adopt this resolution, seconded by Council Member Coleman. The resolution was adopted by a roll call vote of nine ayes. BILLS, FIRST READING BILL NO. 18 -88 A BILL AMENDING THE ZONING ORDINANCE FOR PROPERTY LOCATED AT THE SOUTHEAST CORNER OF LOCUST RD. & PRAIRIE AV. IN THE CITY OF SOUTH BEND, INDIANA. This bill had first reading. Council Member Coleman made a motion to set this bill for second reading and public hearing May 9, 1988, and sent to the Zoning & Vacation Committee, seconded by Council Member Zakrzewski. The motion carried.