12-12-05 Council Meeting Minutes

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REGULAR MEETING DECEMBER 12, 2005 THENCE SOUTH 67'59'20" EAST 380.57 FEET; THENCE SOUTH 29'59'53" WEST A DISTANCE OF 725.09 FEET TO A POINT ON THE NORTH LINE OF F.J. NIMTZ PARKWAY RECORDED IN DOCUMENT NO. 9445142 OFFICE OF THE RECORDER, ST. JOSEPH COUNTY; THENCE NORTH 60' 00'07" WEST ALONG THE NORTHERLY LINE OF SAID NIMTZ PARKWAY A DISTANCE OF 560.00 FEET TO THE PLACE OF BEGINNING OF THIS DESCRIPTION CONTAINING 8.67 ACRES and which has Key Number 25-1010-036104, as an Economic Revitalization Area, 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 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 L 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 IL The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of ten (10) years, 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. s/Charlotte D. Pfeifer Member of the Common Council Mr. Jim Hammer, 1302 W. Sample Street, South Bend, Indiana, made the presentation for this bill. Mr. Hammer stated that Imagineering Properties, L.L.C. is the real estate holding company for Imagineering Enterprises, Inc., a metal finishing service to the automotive and aerospace industries. Imagineering Properties proposes to build an 80,000 sq. ft. building on 8.67 acres of land on Nimtz Parkway. The estimated cost of the project is $4,500,000. This building will be the processing facility and offices of Imagineering Enterprises operations in South Bend. They will also build an EcoPark next to the building. The EcoPark will include plantings and materials indigenous to Indiana forests, wetlands, and prairies, complete with trails, recycling ponds and streams, benches, gazebos, and lookout points. It is estimated that this project will create six (6) new, permanent, full-time jobs representing a new annual payroll of $190,000. The project will also maintain sixty-eight (68) existing permanent full-time jobs representing an annual payroll of $2,103,286. A Public Hearing was held on the Resolution at this time 14