10-10-88 Council Meeting Minutes

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u i. 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 be expected to result from the proposed described redevelopment or rehabilitation; C. That the estimate of the annual salaries of those individuals who will be employed or whose employment will be retained can be reasonably 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, which satisfies 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 1 through II of the Petition for Real Property Tax Abatement Consideration and that the Statement of Benefits form prescribed by the State Board of Accounts 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 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. 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 three (3) years. SECTION VII. 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, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII . 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 Common Council A public hearing was held on the resolution at this time. Council Member Luecke indicated the Human Resources Committee had met on this resolution and recommended it to the Council favorably. Council Member Luecke made a motion to amend the bill by renumbering Section VI to VII and inserting Section VI to read: "The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of three (3) years. ", seconded by Council Member Coleman. The motion carried. John Peddycord, attorney, made the presentation for the resolution. He indicated the petitioner proposes to construct a new building. He indicated the building will be used for office space and a portion will be used for a production line to manufacture custom stained glass plaques. He indicated they will also purchase new equipment for the manufacture of the plaques. Pete Adams, 56550 CR 19, Elkhart, passed out a brochure on the project and showed two stained glass plaques they manufacture. Council Member Luecke made a motion to adopt this resolution, as amended, seconded by Council Member Zakrzewski. The resolution was adopted by a roll call vote of eight ayes. RESOLUTION NO. 1655 -88 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2750 FOUNDATION DRIVE, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR CREATIVE GLASS, INC WHEREAS, a petition for personal property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known as 2750 Foundation Drive, South Bend, Indiana, and which is more particularly described as follows: A PART of the Southwest Quarter of Section 28, Township 38 North, Range 2 East, of the City of South Bend, Indiana, being also a part of Lot 4 -3 of the Airport Industrial Park - Phase III, and is described as follows: COMMENCING at the Southeast corner of the Southwest Quarter of Section 28, Township 38 North, Range 2 East, said point being; at the centerline of Lathrop Drive; thence South 89 °57133" West (bearing assumed) along the South line of the