05-14-84 Council Meeting Minutes

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REGULAR MEETING MAY 14, 1984 WHEREAS, the Redevelopment Commission 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 has further prepared maps and plats showing the boundaries and such other information as required by law of the area in question; 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. That the Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area aherein described be designated an Economic Revitalization Area and hereby adopts a resolution designating this area as an Economic Revitalization Area for purposes of personal property tax abatement. SECTION II. That this designation shall be limited to five (5) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION III. That the Common Council directs the City Clerk to cause notice of the adoption of this resolution.to be published, said publication providing notice of the public hearing before the Common Council on said declaration. SECTION IV. This Resolution shall be in full.force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Beverlie J. Beck Member of the Common Council A public hearing was held on the resolutions.at this time. Patrick McMahon, Director of Project Future, indicated that SDT planned to invest $6,500,000 in equipment. He indicated they planned to hire sixty indivivals to start and one hundred and thirty within the first few months. He indicated they plan to manufacture synthetic diamonds, and that they will become the third largest synthetic gem facility in the world. Council Member Voorde made a motion to adopt Resolution No. 1148 -84, seconded by Council Member Taylor. The resolution was adopted by a roll call vote of nine ayes. Council Member Voorde made a motion to adopt Resolution No. 1047 -84, seconded by Council Member Puzzello. The motion carried on a roll call vote of nine ayes. Council Member Taylor made a motion to make resolution 9K a part of the Agenda, and have public hearing on the resolution at this time, seconded by Council Member Braboy. The motion carried. RESOLUTION NO. 1$49 -84 A.RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND AUTHORIZING THE ECONOMIC DEVELOPMENT COMMISSION TO SUBMIT TO THE INDIANA DEPARTMENT OF COMMERCE AN APPLICATION FOR FUNDING THROUGH THE INVESTMENT INCENTIVE PROGRAM. WHEREAS, the South Bend Economic Development Commission is the applicant for the Investment Incentive Program funds. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana. SECTION I. That it hereby establishes the authority of the Economic Development Commission of the City of South Bend to submit an application for Investment Incentive Program. SECTION II. That the President of the Economic Development Commission shall be designated the Administrative Agent for this grant. SECTION III. That this Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Beverlie J. Beck Member of theCommon Council A public hearing was held on the resolution at this time. Patrick McMahon, Director of Project Future, indicated they were requesting a $192,500 grant from the State of Indiana, to assist a new company move into South Bend. Council, Member Serge made a motion to adopt this resolution, seconded by Council Member Taylor. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1140 -84 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION •DESIGNATING CERTAIN ;AREAS .WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 227 SOUTH MAIN STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF TAX ABATEMENT.