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137
<br />REGULAR MEETING
<br />59
<br />AUGUST 27, 1984
<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 Resolution designating
<br />this area as an Economic Revitalization Area for purposes 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 of
<br />the resolution to be published, said publication providing notice of the public hearing
<br />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 />Is/ Beverlie J. Beck
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time. Daniel Kovas of the Holiday
<br />Corporation, indicated they planned to construct a 100,000 square feet of commercial
<br />office space. He indicated the project investment is estimated at $9,100,000. He
<br />indicated when complete the facility will generate 260 additional full time jobs.
<br />Council Member Braboy made a motion to adopt this resolution, seconded by Council
<br />Member Taylor. The resolution was adopted by a roll call vote of nine ayes.
<br />RESOLUTION NO. 1193 -84 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND
<br />DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS
<br />706 -720 FELLOWS STREET AN ECONOMIC REVITALIZATION AREA FOR
<br />PURPOSES OF REAL PROPERTY TAX ABATEMENT.
<br />WHEREAS, a petition for real property tax abatement consideration has been filed
<br />with the Common Council of the City of South Bend, requesting that the area commonly
<br />known as 706 -720 Fellows Street, South Bend, Indiana, and which is more particularly
<br />described by a line drawn as follows:
<br />`A parcel of land being lots Fifty -nine (59) through Sixty- four(64), inclusive,
<br />and lots Sixty -seven (67) through Seventy -two (72), inclusive, and the 14 foot
<br />wide alley lying immediately adjacent to said Lots, all in J. Rush's 4th Addition,
<br />South Bend, Indiana, nd being more particularly described as follows, viz: Beginning
<br />at the intersection of the South right -of -way line of Bronson Street (40.5 feet
<br />wide) with the West right -of -way line of Rush Stret (55 feet wide), said intersection
<br />being the Northeast corner of Lot Sixty -seven (67) in said J. Rush's 4th addition;
<br />thence South 0002136" East, along said West line of Rush Street, also being the
<br />East line of Lots 67, 68, 69, 70, 72, and 72 in said Addition, a measured distance
<br />of 239.84 feet to the Southeast corner of Lot Seventy -two (72) in said addition;
<br />thence North 89045'15" West, along the South line of said Lot Seventy -two (72),
<br />and said South line projected, and along the south line of Lot Sixty -four (64)
<br />in said Addition, a measured distance of 289.49 feet to the Southwest corner of
<br />said Lot Sixty -four (64); thence North 005141" West, along said Lot Sixty -four
<br />(64); thence North 0005141" West, along the East line of Fellows Street, also
<br />being the West line of Lots 64, 63, 62, 61, 60 and 59 in said Addition, a measured
<br />distance of 239.53 feet to the Northwest corner of said Lot Fifty -nine (59);
<br />thence South 89048'55" East, along the South line of said Bronson Street, a
<br />measured istance of 289.70 feet to the point of beginning.
<br />A parcel of land being a part of Rush's Fourth Addition to the City of South
<br />Bend, St. Joseph County, Indiana, as recorded in the Office of the Recorder of
<br />St. Joseph County, Indiana and being more particularly described as follows,
<br />viz: Beginning at the Northeast corner of Lot Sixty -seven (67) in said Rush's
<br />Forth Addition; thence South 0002136" East, along the West right -of -way line of
<br />that part of, now vacated, Rush Street, a distance of 239.10 feet; thence South
<br />89048155" East, parallel ith the South right -of -way line of Bronson Street (formerly
<br />Canal Street), a distance of 27.50 feet to the centerline of Rush Street; thence
<br />North 0002136" West, along said centerline, a dstance of 239.10 feet to said
<br />South right -of -way line of Bronson Street; thence Nroth 89046'55" West, along
<br />said South right -of -way line, a distance of 27.50 feet to the place of beginning.
<br />be designated as an Economic Revitalization Area under the provisions of Indiana Code
<br />6- 1.1- 12.1 -1, 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, et
<br />seq., and has further prepared maps and plats showing the boundaries and such other
<br />information as required by law of the area in question; and
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