10-13-80 Council Meeting Minutes

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a . REGULAR MEETING OCTOBER 13, 1980 REGULAR MEETING RECONVENED (CONTINUED 2. In order to encourage, induce and solicit such application by Bremen for !.such Industrial Revenue Bond issue relating to its acquisition of such Economic Development Facilites and the remodeling of certain of those facilities , the South Bend Common shall proceed to cooperate with and take such action as may be necessary in the drafting of documents or the performance of such other acts as will facilitate the issuance of such Industrial Revenue Bonds by the City ofSouth Bend, Indiana, to provide funds to be used toward the payment of the costs of acquisition, remodeling and purchase of equip- ment for an economic development facility. 3. Any costs or expenses incurred in connection with the said Bremen project shall be included in the project costs and reimbursed from the proceeds of the Industrial Revenue Bends to be issued with respect thereto. 4. That the liability and obligation fo the Common Council of theCity of South Bend and the City of South Bend, Indiana, shall be limited solely to good faith efforts to consummate such proceedings and issue such bonds, and neither the South Bend Common Council nor the City of South Bend, Indiana, or its officers or agents, shall incur any liability whatsoever if for any reason the proposed issuance of such bonds is not consummated. 5. Bremen may proceed with the acquisition of the economic development facilities with the remodeling of such facilities in reliance upon this resolution. 6. This resolution shall be in full force and effect from and after its passage by the Common Council of the City ofSouth Bend and approval by the Mayor. /s/ Lewis A. McGann Member of the Common Council A public hearing was held on the resolution at this time. Mr. Kenneth Fedder, attorney for the Economic Development Commission, indicated that when this bond is issued it will be to underwrite the cost of the purchase of land to move their present facility. Council Member Dombrowski made a motion to adopt this resolution, seconded by Council Member Beck. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 824 -80 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY, COMMONLY KNOWN AS 2222 W. WASHINGTON, AS AN URBAN DEVELOPMENT AREA FOR THE PURPOSES OF TAX ABATEMENT CONSIDERATION. WHEREAS, a Petition for Real Property Tax Abatement Consideration has been filed with the Common Council of the City of South Bend pursuant to Section 2 -76 (a) of the Municipal Code requesting that the area commonly known as Merry Avenue Project and which more parti- cularly described by a line drawn as follows: A parcel of land in the Northeast Quarter of Section 10, Township 37 North, Range 2 East, known as Arnold's First Addition (lots 1 -44, Vacated Alleys and Streets) to the City ofSouth Bend, St. Joseph County, Indiana more part- icularly described as follows: Beginning at the intersection of the West right -of -way line of Grant Street and the South line of West Washington Avenue; thence S 0 degrees 93' 08" W a distance of 514.92 feet to the intersection of the North right -of -way line of said railroad a distance of 1194.77 feet to the intersection of the North right -of -way line of said railroad and the East right -of -way line of Olive Street: thence N 82 degrees 43' 43" E a distance of 74.33 feet to a point on the South right -of -way line of Washington Avenue West; thence S 89 degrees 39' 53" E on and along the South right -of -way of said avenue a distance of 1006.55 feet to the place of beginning containing (283,072 sq. Ft.) 6.50 acres more or less subject to all legal easements. EXCEPTING: A parcel of land beginning at a point on the Southeast corner of Lot No. 44 in Arnold's First Addition to the City of South Bend; thence North 5141, more or less, to the Northeast corner of Lot No. 1 in said addition; thence West 200' more or less, to the Northwest corner of Lot No. 5 in said Addition; the South 4241, more or less, to the Northwest corner of Lot No. 43 in said Addition; then Southeast a distance of 204.7', more or less, to the place of beginning. be designated as an Urban Development Area under the provisions of Indiana Code 6.1.1- 11.1 -: and that the public utility and benefit of the project be determined; and WHEREAS, the Redevelopment Commission has conducted an investigation pursuant to Section 2 -77 of the Municipal Code and prepared a report determining that the area qualifies as an Urban Development Area under Indiana Code 6 -1.1- 12.1 -1 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 Urban Development Area.