|
GJTT.AR MR'.T+'.TTN(z NO-V- EMBER--l.4- r- l_g8.8_
<br />had recently been purchased by John Van Otterloo. He indicated the existing
<br />building needs to be renovated to include a new roof, new windows, insulation and
<br />general overall maintenance. He indicated they are also contemplating purchasing
<br />approximately $5 million in new equipment to replace the old and outdated equipment,
<br />in order to remain competitive in the market. Council Member Zakrzewski made a
<br />motion to adopt Resolution No. 1665 -88, as amended, seconded by Council Member
<br />Coleman. The resolution was adopted by a roll call vote of nine ayes. Council
<br />Member Puzzello made a motion to adopt Resolution No. 1666 -88, seconded by Council
<br />Member Zakrzewski. The resolution was adopted by a roll call vote of nine ayes.
<br />Council Member Slavinskas made a motion to combine public hearing on the next two
<br />resolutions, seconded by Council Member Coleman. The motion carried.
<br />RESOLUTION NO. 1667 -88 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
<br />RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
<br />SOUTH BEND, INDIANA COMMONLY KNOWN AS TECHNOLOGY DRIVE
<br />TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
<br />10 YEAR REAL PROPERTY TAX ABATEMENT FOR GORDON PLASTICS
<br />INC.
<br />WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a
<br />Declaratory Resolution designating certain areas within the City as Economic
<br />Revitalization Areas for the purpose of tax abatement consideration; and
<br />WHEREAS, a Declaratory Resolution designated the area commonly known as
<br />Technology Drive, and which is more particularly described as follows:
<br />A parcel of land in the north half of Section 19, Township 38 North, Range 2
<br />East, City of South Bend, German Township, St. Joseph County, Indiana, said
<br />tract more particularly described as follows:
<br />Commencing at the North Quarter corner of said Section 19; thence South
<br />00 °54138" East, on and along the North centerline of said Section 19, 110.75
<br />feet to the South right -of -way line of Brick Road; thence North 88 °47124"
<br />West, along said South line, 519.31 feet; thence South 00 °54138" East, 1002.25
<br />feet; thence North 89 °55136" East, 18.97 feet; thence South 00 °54138" East,
<br />311.85 feet to the true Place of Beginning, said Point being the Southwest
<br />corner of Lot 10 as shown on the recorded Plat of Landmark Business Park,
<br />Section Four, Part One, and recorded as Instrument No. 8614459 in the Office of
<br />the Recorder of St. Joseph County, Indiana; thence South 89 °43100" West,
<br />156.38 feet, thence South 00 °54138" East, 371.47 feet; North 89 °43100" East,
<br />586.94 feet to a point on the West Line of Technology Drive, said point being on
<br />a 70.00 foot radius curve; thence along said curve to the right through a
<br />central angle of 07 °19119 ", a chord length of 8.94 feet which bears North
<br />04 °31'34" West, an arc distance of 8.95 feet to the P.T. of said curve; thence
<br />North 00 °54138" West, along the West line of Technology Drive, 362.56 feet to
<br />the Southeast corner of Lot 10 of aforesaid Landmark Business Park, Section
<br />Four, Part One; thence South 89 °43100" West, along the South line of said Lot
<br />10, 430.00 feet to the Place of Beginning. Said tract contains 5.000 acres,
<br />more or less.
<br />as an Economic Revitalization Area; and
<br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public
<br />hearing before the Council has been published pursuant to Indiana Code
<br />6 -1.1- 12.1 -2.5; and
<br />WHEREAS, the Council has held a public hearing for the purposes of hearing all
<br />remonstrances and objections from interested persons; and
<br />WHEREAS, the Council determined that the qualifications for an economic
<br />revitalization area have been met.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana, as follows:
<br />SECTION I. The Common Council hereby confirms its Declaratory Resolution
<br />designating the area described herein as an Economic Revitalization Area for
<br />purposes of tax abatement. Such designation is for real property tax abatement only
<br />and is limited to two (2) calendar years from the date of the adoption of the
<br />Declaratory Resolution by the Common Council.
<br />SECTION II. The Common Council hereby determines that the property owner is
<br />qualified for and is granted real property deduction for a period of ten (10) years.
<br />SECTION III. This resolution shall be in full force and effect from and after
<br />its adoption by the Common Council and approval by the Mayor.
<br />/s/ John Voorde
<br />Member of the Common Council
<br />
|