12-12-88 Council Meeting Minutes

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;; : '. 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 I esolution 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 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. Is/ John Voorde Member of the Common Council A public hearing was held on the resolution at this time. Council Member Luecke made a motion to remove the reference to ten years, seconded by Council Member Coleman. The motion carried. Council Member Luecke indicated the Human Resources Committee had recommended this bill to the Council favorably. Bill Elliott, 918 E. Jefferson, indicated they were planning to renovate the Penny's Building with retail on the ground level and office space on the second floor. Joseph Guentert, 3510 Corby, spoke in favor of this abatement. Council Member Zakrzewski made a motion to adopt this resolution, seconded by Duda. The resolution was adopted by a roll call vote of seven ayes and one nay (Council Member Voorde.) RESOLUTION NO. 1682 -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 2741 N. FOUNDATION DR. AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR KANCZUZEWSKI ENTERPRISE LIMITED PARTNERSHIP. WHEREAS, a petition for real 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 113 E. Wayne Street, South Bend, Indiana, and which is more particularly described as follows: Situated in St. Joseph County, in the state of Indiana: A parcel of land in the southwest quarter of Section 38, Township 38 North, range 3, east, St. Joseph County, Indiana, more particularly described as follows: Commencing at the southeast corner of said quarter section; thence south 89 degrees 57 minutes 33 seconds west 171.27 feet along the south line of said section; thence north 0 degrees 00 minutes 47 seconds east 210.80 feet; thence North 89 degrees 59 minutes 13 seconds west 40.00 feet to the point of beginning of this description; thence North 89 degrees 59 minutes 13 seconds west 450.00 feet; thence north 0 degrees 00 minutes 47 seconds east 290.40 feet; thence south 89 degrees 59 minutes 13 seconds east 450.00 feet; thence south 0 degrees 99 minutes 47 seconds west 290.40 feet to the point of beginning. Said 47 seconds west 290.40 feet to the point of beginning. Said parcel being known as Lot 3 -8 Airport Industrial Park Phase III be designated as an Economic Revitalization Area under the Provisions of Indiana Code 6 -1.1- 12.1 -1 et seq. and South Bend Municipal Code section 2 -76 et seq; and WHEREAS, the Department of Economic Development has concluded an investigation and prepared a report with 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 that the Petition for Real Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of I.C. 6 -1.1- 12.1 -1 et seq., and qualifies under the provisions of South Bend Municipal Code Section 2 -76, et seq., for tax abatement. SECTION II. 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 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 rehabilitation7