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08-14-06 Council Meeting Minutes
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08-14-06 Council Meeting Minutes
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City Council - City Clerk
City Counci - Date
8/14/2006
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REGULAR MEETING AUGUST 14, 2006 <br />corner of said Lot Numbered 43; thence running North on said East line of <br />South Michigan Street, a distance of 18 feet; thence East 165 feet to the <br />East line of said lot; thence South on said East line 18 feet; thence West <br />165 feet to the place of beginning. <br />Parcel III: Beginning 21 feet North of the Southwest corner of Lot <br />Numbered Forty-three (43) in the Original Plat of the Town now City of <br />South Bend; thence North 18 ½ feet; thence East to the East line of said <br />Lot Numbered Forty-three (43); thence South 18 ½ feet; thence West to <br />the place of beginning. <br />and which has Key Numbers 18-3001-0014; 18-3001-0015; and 18-3001-0016 at this <br />point and time, be designated as an Economic Revitalization Area under the provisions of <br />Indiana Code § 6-1.1-12.1 et seq., and South Bend Municipal Code Sections 2-76 et seq., <br />and; <br />WHEREAS, the Department of Community and Economic Development has <br />concluded an investigation and prepared a report with information sufficient for the <br />Common Council to determine that the area qualifies as an Economic Revitalization Area <br />under Indiana Code § 6-1.1-12.1, et seq., and South Bend Municipal Code Sections 2-76, <br />et seq., and has further prepared maps and plats showing the boundaries and such other <br />information regarding the area in question as required by law; and <br />WHEREAS, the Community and Economic Development Committee of the <br />Common Council has reviewed said report and recommended to the Common Council <br />that the area qualifies as an Economic Revitalization Area. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby determines and finds that the Petition for <br />Real Property Tax Abatement and the Statement of Benefits form completed by the <br />Petitioner meet the requirements of Indiana Code § 6-1.1-12.1 et seq., for tax abatement. <br />SECTION II. The Common Council hereby determines and finds the following: <br />A. That the description of the proposed redevelopment or rehabilitation meets <br />the applicable standards for such development; <br />B. That the estimate of the value of the redevelopment or rehabilitation is <br />reasonable for projects of this nature; <br />C. That the estimate of the number of individuals who will be employed or <br />whose employment will be retained by the Petitioner can reasonably be <br />expected to result from the proposed described redevelopment or <br />rehabilitation; <br />D. That the estimate of the annual salaries of those individuals who will be <br />employed or whose employment will be retained by the Petitioner can be <br />reasonably expected to result from the proposed redevelopment or <br />rehabilitation; <br />E. That the other benefits about which information was requested are benefits <br />that can be reasonably expected to result from the proposed described <br />redevelopment or rehabilitation; and <br />F. That the totality of benefits is sufficient to justify the requested deduction, <br />all of which satisfy the requirements of Indiana Code § 6-1.1-12.1-3. <br />SECTION III. The Common Council hereby determines and finds that the proposed <br />described redevelopment or rehabilitation can be reasonably expected to yield benefits <br />18 <br /> <br />
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