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REGULAR MEETING
<br />MAY 14, 1984
<br />Beginning at the intersection of the South right -of -way line of Monroe Stret
<br />(82.5) feet wide) and the West right -of -way line of Columbia Street (66 feet
<br />wide), said intersection being the North east corner of Lot 4 in said George R.
<br />Hudson's subdivision; thence South 00- 00100' West (bearing assumed) along said
<br />westline of Columbia Street and the East lines of Lots 4,8, 9, and 10 in said
<br />subdivision, a measured distance of 264.76 feet to the southeast corner of said
<br />lot 10; thence North 890- 36' -01" West, along the South line of said lot 10, a
<br />measured distance of 132.69 feet to the Southwest corner of said lot 10; thence
<br />North 00- 10' -35" West, along the west lines of said lots 10, 9, 8, and said
<br />line projected, a measured distance.of 150.11 feet to a point on the south line
<br />of lot 6 in said subdivision; thence North 890- 56' -26" West, along the south
<br />line of said lot 6, a measured distance of 15.86 feet to the southwest corner
<br />of said lot 6; thence North 00- 19' -13" East, along the West line of said lot 6,
<br />a measured distance of 114.13 feet to the northwest corner of said lot 6; thence
<br />South 890- 50' -14" East, along the north line of lots 6,5, and 4 in said subdivision
<br />and said south line.of Monroe Street, a measured distance of 148.37 feet to the
<br />point of beginning, containing 36,954.4 square feet, more or less. Subject to
<br />any easements, covenants, or restrictions of record.
<br />be designated as an Economic Revitalization Area under the provisions of Indiana
<br />Code 6- 1.1- 12.1 -2, et seq.; and-
<br />WHEREAS, the Redevelopment Commission has concluded an investigation and prepared
<br />a report with information sufficient for the Common Council to determine that the
<br />area qualifies as an Economic Revitalization Area under Indiana Code 6- 1.1- 12.1 -1,
<br />et seq., and has further prepared maps and plats showing the boundaries and such
<br />other information as required by law of the area in question; and
<br />WHEREAS, the Human Resources and Economic Development Committee of the Common
<br />Council has reviewed said report and recommended to the Common Council that the area
<br />qualifies as an Economic Revitalization Area.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana, as follows:
<br />SECTION I. That the Common Council hereby accepts the report and recommendation
<br />of the Human Resources and Economic Development Committee that the area herein described
<br />be designated an Economic Revitalization Area and hereby adopts a resoluton designating
<br />this area as an Economic Revitalization Area for purpoes of real property tax abatement.
<br />SECTION II. That this designation shall be limited to five (5) calendar years
<br />from the date of the adoption of this Resolution by the Common Council.
<br />SECTION III. That the Common Council directs the City Clerk to cause notice of
<br />the adoption of this resolution to be published, said publication providing notice
<br />of the public hearing before the Common Council on said declaration.
<br />SECTION IV. 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/ Beverlie J. Beck
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time. John Schmid, of Crescent
<br />Electric, indicated they proposed to construct a new building that will be used as a
<br />retail - wholesale facility for electical supplies. He indicated the project will
<br />create three new permanent jobs. He indicated the property is located in a tax
<br />incremental financing allocation area. Council Member Taylor made a motion to adopt
<br />this resolution, seconded by Council Member Serge. The resolution was adopted by a
<br />roll call vote of nine ayes.
<br />RESOLUTION NO. 1145 -84 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH
<br />BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY
<br />KNOWN AS 103 SOUTH EDDY AN ECONOMIC REVITALIZATION AREA FOR
<br />PURPOSES OF REAL PROPERTY TAX ABATEMENT.
<br />WHEREAS, a petition for real property tax abatement consideration has been
<br />filed with the Common Council of the City of South Bend requesting that the area
<br />commonly known as 103 South Eddy, South Bend, Indiana, and which is more particularly
<br />described by a line drawn as follows:
<br />Lot 19 100' x 186'
<br />NE PT + Alley 16 2 -3
<br />X 200' W + adj. + E74' of W
<br />186' of N 220' Cottrelis Ist add.
<br />be designated as an Economic Revitalization Area under the provisions of Indiana
<br />Code 6- 1.1- 12.1 -2, et seq.; and
<br />WHEREAS, the Redevelopment Commission has concluded an investigation and prepared
<br />a report with information sufficient for the Common Council to determine that the
<br />area qualifies as an Economic Revitalization Area under Indiana Code 6- 1.1- 12.1 -1,
<br />et seq., and has further prepared maps and plats showing the boundaries and such
<br />other information as required by law of the area in question; and
<br />
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