05-22-89 Council Meeting Minutes

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motion to adopt this resolution, seconded by Council member Voorde. The resolution was adopted by a roll call vote of nine ayes. BILL NO. 89 -48 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 115 N. NILES AVENUE, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A 10 YEAR REAL PROPERTY TAX ABATEMENT FOR NILES /WASHINGTON ASSOCIATES. Council Member Coleman made a motion to continue this bill indefinitely, seconded by Council Member Duda. The motion carried. RESOLUTION NO. 1727 -89 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 3600 MCGILL STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX YEAR REAL PROPERTY TAX ABATEMENT FOR AIRPARK PLACE. 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 3600 McGill Street, South Bend, Indiana, and which is more particularly described as follows: Commencing at the Northwest Corner of said Section 28; thence South 89048'05" West (the bearing of the South line of the Southeast Quarter of Section 28 is assumed North 90000100" West) a distance of 1305.00 feet along the North boundary of said Northeast Quarter to the centerline intersection of Cleveland Road and Kenmore Street; thence South OOo00123" West and a distance of 363.70 feet to a cross cut in the pavement; thence South 09059137" East a distance of 531.87 feet to a cross cut in the centerline of Kenmore Street; thence South 80000123" West a distance of 40.00 feet to a 1/2 inch iron rebar; thence North 54054'34" West, 14.14 feet; thence South 80000123" West, 86.41 feet; thence Southwesterly 90.16 feet along a segment of a curve to the right, having a radius of 1944.86 feet, subtended by a chord, having a bearing of South 81020103" West and a length of 90.15 feet to the Point of Beginning; thence South OOo00123" West, 382.35 feet; thence North 89059'37" West, 352.17 feet; thence North OOo00123" East, 366.40 feet; thence South 89059137" East, 103.57 feet; thence Northeasterly 249.28 feet along a curve to the left, having a radius of 1944.86 feet, subtended by a chord, having a bearing of North 86020107" East and a length of 249.11 feet to the Point of Beginning and containing 2.9925 acres, more or less, and is subject to all easements, restrictions and or covenents or record. 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 South Bend Municipal Code section 2 -76 et.seg., and; WHEREAS, the Department of Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6- 1.1- 12.1 -1, et.seq. and South Bend Municipal Code section 2 -76, et.seq., and has further prepared maps and plats showing the boundaries and such other prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. 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 form 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 ore rehabilitation; and E. That the totality of benefits is sufficient to justify the deduction, all of which satisfy the requirements of I.C. 6 -1.1- 12.1 -3.