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This being the time heretofore set for public hearing on the above bill, proponents <br />and opponents were given an opportunity to be heard. John Leisenring, Deputy <br />Controller, made the presentation on the bill. He indicated that the bill relates <br />to the City's need to secure a temporary loan to meet operating expenses for the <br />General Fund through December 29, 1989. The loan is in anticipation of and not in <br />excess of current taxes levied in 1988 and collectible in 1989. All provisions of <br />the ordinance are in conformance with the relevant State statutes that define the <br />process to be used by cities. Council Member Coleman stated that the Personnel & <br />Finance Committee had met on this bill and recommend it to the council favorable. <br />Council Member Coleman made a motion to recommend this bill to the Council <br />favorable, seconded by Council Member Niezgodski. <br />BILLS, THIRD READING <br />ORDINANCE NO. 7966 -89 A BILL ADOPTING THE PROVISIONS OF THE INDIANA CODE <br />ADDRESSING THE ESTABLISHMENT OF A DEPARTMENT OF STORM <br />WATER MANAGEMENT. <br />This bill had third reading. Council Member Voorde made a motion to pass this <br />bill, seconded by Council Member Coleman. The bill passed by a roll call vote of <br />nine ayes. <br />ORDINANCE NO. 7967 -89 A BILL AMENDING CHAPTER 5 OF THE MUNICIPAL CODE OF THE <br />CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS "ANIMAL <br />AND FOWL." <br />This bill had third reading. Council Member Coleman made a motion to pass this <br />bill, seconded by Council Member Voorde. The bill passed by a roll call vote of <br />eight ayes, one abstention, (Council Member Niezgodski.) <br />ORDINANCE NO. 7968 -89 A BILL AUTHORIZING TAX ANTICIPATION TIME WARRANTS FOR <br />1989. <br />This bill had third reading. Council Member Coleman made a motion to pass this <br />bill, seconded by Council Member Duda. The bill passed by a roll call vote of nine <br />ayes. <br />RESOLUTIONS <br />RESOLUTION NO. 1704 -89 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br />RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY <br />OF SOUTH BEND, INDIANA COMMONLY KNOWN AS LAFAYETTE <br />STREET BETWEEN STULL AND BROADWAY STREET TO BE AN <br />ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) <br />YEAR REAL PROPERTY TAX ABATEMENT FOR MURDOCK & SONS <br />CONSTRUCTION, 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 Lafayette <br />Street between Stull and Broadway Street and which is more particularly described <br />as follows: <br />Seventy -five feet of the West end of the North Half of Lot Numbered Fourteen <br />(14), and the South Half of Lot Numbered Fourteen (14), all Lots Numbered <br />Fifteen (15), Twenty (20), Twenty -one (21), Twenty -two (22) and Twenty -six <br />(26), and the North Half of lot Numbered Nineteen (19) all as shown on the <br />recorded Plat of Samuel C. Stull's Second Addition to the City of South Bend, <br />recorded in Plat Book 6, page 29, in the Office of the Recorder of St. Joseph <br />County, Indiana. <br />as an Economic Revitalization Area; and <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing <br />before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and <br />WHEREAS, the Council held a public hearing for the purposes of hearing all <br />remonstrances and objections from interested persons; and <br />WHEREAS, the Council had 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 the <br />purposes of tax property tax abatement only and is limited to two (2) calendar <br />years from the date of adoption of the Declaratory Resolution by the Common <br />Council. <br />SECTION II. The Common Council hereby determines that the property owner is <br />mia]ified for and is granted real property tax deduction for a period of ten (10) <br />