07-13-15 Common Council Meeting Minutes

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REGULAR MEETING JULY 13, 2015 WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real Property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted a real property tax deduction for a period of (6) six years as shown by the attachment pursuant to Indiana Code 6 -1.1- 12.1 -17 and further determines that the petition, the Memorandum of Agreement between the Petitioner and the City of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et seq. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. Member of the Common Council Presenter: Chris Fielding, 14" Floor Dept. of Community Investment — Before you have the confirming resolution for JSK Development. They are proposing to build a $6 million Holiday Inn Express on Ireland and Michigan. They requested a six (6) year tax abatement real property tax. They are committed to creating 14 jobs. Total taxes paid are $1,000,310. This is a win for our community as it will be a contributor to the hotel /motel tax fund which supports our public venues that we have here in the city. Bernie Feeney is here to answer any questions that you may have. Petitioner: Bernie Feeney, 715 S. Michigan St., South Bend— As Chris mentioned JSK is developing a Holiday Inn Express that will hire 14 new full -time and part-time employees at the location. This location is along Michigan Street in front of the old K -Mart at the south gateway to the city. Amenities at this site include free parking, free breakfast, pool, fitness room, and conference room in addition to the rooms that they have. You are dealing with developers that have experience in this aspect. They are already developers of three (3) hotels in Elkhart County, three hotels in St. Joseph County, one (1) in Roseland, and one (1) in Schererville. This is not a hobby for them, this is what they do and they are very good at it. If you have any questions I would be more than happy to answer them. Councilmember Dieter —They don't own the property behind K -Mart do they? Petitioner responded no sir they don't just the property right on Michigan Street. 12