09-24-84 Council Meeting Minutes

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REGULAR MEETING SEPTEMBER 24, 1984 �S solely from the limited sources authorized and permitted by the Act. 2. The proposed financing will be of benefit to the economic welfare of the City and will comply with the purposes and provisions of the Act. 3. Mittler Supply, Inc. may proceed with acquisition and construction of the economic development facilities in reliance upon this resolution. 4. That the liabiltiy and obligation of the South Bend Economic Development Commission, the South Bend Common Council and the City ofSouth Bend, Indiana, shall be limited solely to the good faith efforts to consummate such proceedings and issue such Bonds, and the South Bend Economic Development Commission and the City of South Bend, Indiana, their officers and agents, shall not incur any liability if for any reason the proposed issuance of such Bonds is not consummated. 5. The Mayor is hereby authorized to execute, upon the request by Mittler Supply, Inc., a "Notice of Inducement" and /or.a "Notice of Intent" and /or any other documents authorized under Executive Order 21 -84. This Inducement 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 resolution at this time. Kenneth Fedder, attorney for the Economic Development Commission, indicated Mittler intended to purchase new machinery and construct an expansion to their present facility. He indicated that approximately nine new jobs will be created. Council Member Zakrzewski made a motion to adopt this resolution, seconded by Council Member Crone. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1204 -84 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 2301 -2303 BENDIX DRIVE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. 3 WHEREAS, the Common Council of the City of South Bend has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 2301 - 2303 Bendix Drive and more particularly described by a line drawn as follows: A part of the South east Quarter of Section 28, Township 38 North, Range 2 East, German Township, St. Joseph County, Indiana described as follows: Commencing at the southeast corner of said Section; thence North 90 degress 00 minutes 00 seconds West 470 feet along the south line of said section; thence North 0 degrees 00 minutes 00 seconds West 40 feet to a point on the north boundary of Lathrop Street, said point being the point of beginning of this description: thence North 0 degrees 00 minutes 00 seconds West 749.36 feet; thence Southeasterly 540.34 feet along an arc to the right having a radius of 506.47 feet and subtended by a long chord having a bearing of South 56 degrees 32 minutes 00 seconds East and a length of 515.09 feet to the West boundary of Bendix Drive; thence South 0 degrees 02 minutes 06 seconds East 435.34 feet along said boundary; thence South 44 degrees 54 minutes 22 seconds West 42.43 feet to the north boundary of Lathrop Street; thence North 90 degrees 00 minutes 00 seconds West 400.00 feet along said north boundary to the point of beginning and containing 6.545 acres, more or less. The above described tract of land is subject to a perpetual easement 40 eet in width off the entire northeast side in favor of Chicago South Shore and South Bend Railraod. Also, a perpetual easement 10 feet in width lying adjacent to and south of the above described 40 foot wide easement in favor of Indiana Bell Telephone Company. The bearing of the south line of the southeast quarter of Section 28 is assumed North 90 degrees 00 minutes 00 seconds West. as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6- 1.1- 12.1 -2 -5; and WHEREAS, the Council held a public hearing for the purposes of hearing all and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. remonstrances NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: