10-25-82 Council Meeting Minutes

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REGULAR MEETING OCTOBER 25, 1982 thence, W a distance of 125 feet to a point; thence, S 66 feet to a point; thence, W 40 feet to the point of beginning. All being within the City of South Bend, County of St. Joseph, State of Indiana. be designated as an Urban Development Area under the provisions of Indiana Code 6- 1.1- 11.1 -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 qualified 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. 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 herein described be designated an Urban Development Area and hereby adopts a resolution designating this area as an Urban Development Area for purposes of real property Tax Abatement. SECTION II. That the Common Council requests the City Clerk to submit this Resolution along with supporting data to the Area Plan Commission for its written order approving or disapproving this resolution. SECTION III. That the Common Council directs the City Clerk, upon receipt of the report of the Area Plan Commission 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. RESOLUTION NO. 1003 -82 /s/ Lewis A. McGann Member of the Common Council A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, DESIGNATING 1137 S. LAFAYETTE AN URBAN DEVELOPMEN`. AREA FOR TANGIBLE PERSONAL PROPERTY TAX ABATEMENT CONSIDERATION. WHEREAS, a petition for Personal Property Tax abatement consideration has been filed with the Common Council of the City of South Bend pursuant to Section 2 -76 of the Municipal Code for the tangible personal property to be located at 1137 S. Lafayette South Bend, Indiana. WHEREAS, the legal description of the facility in which the tangible personal property is to be located, is more particularly described by a line drawn as follows: Beginning at the SW corner of Lot 7, Stull's Second Edition, thence, N along the E right -of -way of an alley a distance of 269.06 feet + or - to a point; thence E a distance of 6 feet to a point; thence, N along a line parallel to the Eastern right -of -way of said alley a distance of 54 feet to a point;thence, W a distance of 6 feet to the eastern edge of said alley; thence N a distance of 13 feet to a point, said point being the NW corner of the S 1/2 of Lot 64, South Bend City Edition; thence, E along the northern boundry of said 1/2 of Lot 64 which is on the western right -of -way of Lafayette Blvd.; thence, S a distance of 275 feet + or - to the SE corner of Lot 6, Stull's Second Edition; thence, W a distance of 125 feet to a point; thence, S 66 feet to a point; thence, W 40 feet to the point of beginning. All being within the City of South Bend, County of St. Joseph, State of Indiana. WHEREAS, the Redevelopment Commission has conducted an investigation pursuant to Section 2 -77 of the Municipal Code and prepared a report determining that there is compliance with the Statutory obsolescence and eligibility criteria under Indiana Code 6- 1.1- 12.1 -1 et seq. 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, and that the tangible personal property to be located at such location is entitled to a deducation from the assessed value of the equipment for a period of five (5) years. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Urban Development Area, and that the tangible personal property to be located at such location is entitled to a deduction from the assessed value of the equipment for a period of five years (5) years.