02-13-89 Council Meeting Minutes

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SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s /Ann Puzzello Member of the Common Council A public hearing was held on the resolution at this time. Steve Thompson, Manager, Communications Test Design, Inc., made the presentation on the resolution. He indicated that the property is located on Lot 5.3B, Point Veridian Technology Campus, with the airport Industrial Park. He stated that they plan to construct a 21,316 square foot building, to be used as a Midwest repair operation and warehousing facility. Kevin Hughes, Project Future, spoke in favor of the resolution. Council Member Coleman made a motion to adopt this resolution, seconded by Council Member Zakrzewski. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1699 -89 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA COMMONLY KNOWN AS AN AREA BOUNDED BY CEDAR STREET ON THE NORTH, EDDY STREET ON THE EAST, VACATED HULL STREET ON THE SOUTH AND FRANCES STREET ON THE WEST TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE YEAR REAL PROPERTY TAX ABATEMENT FOR LAFAYETTE SQUARE. WHEREAS, the Common Council of the City of South Bend, Indiana has adopted a Declaratory Resolution designating certain areas within the City as Economic revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as an area bounded by Cedar Street on the north, Eddy Street on the east, vacated Hull Street on the south and Frances Street on the west and which is more particularly described as follows: That part of the Southeast Quarter of Section 1, Township 37 North, Range 2 East, Portage Township, City of South Bend, St. Joseph County, Indiana which is described as follows: Beginning at the Northwest corner of Lot Numbered 1 in Hull's Subdivision of Block 11 of Cotrell's First Addition to the Town of Lowell as recorded in Plat Book #10, Page #105; thence N. 90oOO'00" E. along the South right -of -way line of Cedar Street, 98.96 ft. (Record 99.00 ft.); thence S. 00o- 14' -43" E., 88.32 ft.; thence S. 89052'57" E., 82.99 ft. to the West line of a 14.00 ft. wide public alley; thence S. OOo- 16' -18" E. along said West line, 14.00 ft. to the North line of a 14.00 ft. wide public alley; thence S. 890- 52157" E. along said North line, 208.49 ft. to the East right -of -way line of Eddy Street; thence S OOo- 02' -27" E. along said West line, 102.74 ft. (Record 103.00 ft.) to the centerline of vacated Hull Street; thence N. 89o- 55' -26" W. along said centerline, 390.15 ft. to the East right -of -way line of Frances Street; thence N. 00o- 13135" W. along said East line, 205.14 ft. to the point of beginning. Containing 1.00 acre and comprised of one (1) lot. as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualification for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization area for the - purposes of tax abatement. Such designation is for property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. 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 III. The Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s /Ann Puzzello Member of the Common Council A public hearing was held on the resolution at this time. Timothy J. Hartzer, Attorney, made the presentation on the resolution. He indicated a that the project will consist of 21 condominiums & two -story townhomes. The project will be constructed on 1.00 acres and is the first major project undertaken by Taripp Development Corporation in the City of South Bend. Council Member Zakrzewski made