10-12-09 Common Council Minutes - Laserfiche WebLink

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REGULAR MEETINGOCTOBER 12, 2009 either by the company or third parties. The process will involve the use of the company’s temper mill to level special allow steel, having subcontractors heat treat the steel, and then returning the steel to the company for releveling. These processes will allow the company or third party processors to produce parts for customers needing armor plate processed to highly demanding tolerances. The total estimated cost of the equipment is $2,100,000 to $3,000,000. He stated that it is estimated that the project will create three (3) to twelve (12) new, permanent full-time positions with an annual payroll of $93,000 to $374,400. The project will also maintain four (4) existing permanent full-time positions with a total annual payroll of $124,800. A Public Hearing was held on the Resolution at this time. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution, Councilmember Varner made a motion to adopt this Resolution. Councilmember Oliver Davis seconded the motion which carried and the Resolution was adopted by a roll call vote of eight (8) ayes. RESOLUTION NO. 3994-09 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA COMMONLY KNOWN AS A VACANT LOT BETWEEN 1016 AND 1032 WEST WASHINGTON STREET AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A (5) FIVE-YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND HERITAGE FOUNDATION, INCORPORATED WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as the vacant lot between 1016 and 1032 West Washington Street, South Bend, Indiana, and which is more particularly described as follows: A tract of land 120.78 feet, East and West, by 144.64 feet, North and South, located in the Northwest corner of Bank Out Lot Numbered Eighty- nine (89) on the second Plat of Out Lots to the Town, now City of South Bend, platted by the State Bank of Indiana. (In the process of being replatted into two equal lots – Lots #1 and #2 of Washington Street Minor Subdivision.) , and this property has Tax Key Number 18-3068-2608be designated as a Residentially Distressed Area under the provisions of Indiana Code 6-1.1-12.1 et seq., and South Bend Municipal Code Sections 2-76 et seq., 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 remonstrance’s and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for a residentially distressed area have been met. 12