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REGULAR MEETING FEBRUARY 12, 2007
<br />Councilmember Dieter, Chairperson, Community and Economic Development
<br />Committee, reported that this committee held a Public Hearing on this bill this afternoon
<br />to hear the pros and cons and voted to send it to the full Council with a favorable
<br />recommendation.
<br />Mr. Bill Hollingsworth, Equal Development, LLC, 12873 Tradd St. 3A, Carmel, Indiana,
<br />made the presentation for this bill.
<br />Mr. Hollingsworth advised that Equal Development intends to construct a 208-unit,
<br />multi-family housing project which contains two-story brick buildings featuring one, two,
<br />three, and four bedroom units. Each unit will provide residents with afull-size washer
<br />and dryer, exterior storage, patios or balconies, walk-in closets, built-in dishwasher,
<br />window blinds, wall-to-wall carpeting, central air, garbage disposal, cable hook-ups, and
<br />high-speed Internet access in each unit. Each unit will also have afirst-floor exterior
<br />entrance; garages and carports will be available to residents for a rental rate. The
<br />community will feature a large clubhouse with managers' offices, community room,
<br />community TV with cable, fitness room, computer room, and a kitchen area. The total
<br />estimated cost of the project if $11,272,461.
<br />A Public Hearing was held on the Resolution at this time.
<br />There being no one present wishing to speak to the Council either in favor of or in
<br />opposition to this Resolution, Councilmember White made a motion to adopt this
<br />Resolution. Councilmember Kirsits seconded the motion which carried and the
<br />Resolution was adopted by a roll call vote of eight (8) ayes.
<br />RESOLUTION NO. 3704-07 A RESOLUTION OF THE COMMON
<br />COUNCIL OF THE CITY OF SOUTH
<br />BEND, INDIANA DESIGNATING
<br />CERTAIN AREAS WITHIN THE CITY
<br />OF SOUTH BEND, INDIANA,
<br />COMMONLY KNOWN AS 211 NORTH
<br />EDDY STREET AN ECONOMIC
<br />REVITALIZATION AREA FOR
<br />PURPOSES OF AN THREE (3) YEAR
<br />REAL PROPERTY TAX ABATEMENT
<br />FOR THE SOUTH BEND CLINIC
<br />WHEREAS, a petition for real property tax abatement has been filed with the City
<br />Clerk for consideration by the Common Council of the City of South Bend, Indiana
<br />requesting that the area commonly known as 211 N. Eddy Street, South Bend, Indiana,
<br />and which is more particularly described as follows:
<br />PARCEL I: Apart of the East Half of the Northeast Quarter of Section
<br />12, Township 37 North, Range 2 East, of the Second Principal Meridian,
<br />Portage Township, City of South Bend, St. Joseph County, Indiana, and
<br />described as Lots 1 through 14, all inclusive, as shown on the recorded
<br />Plat of Christiana Hall's Subdivision, together with 14.00 feet vacated
<br />alley lying North/South and East/West as shown on the drawing, more
<br />particularly described as follows: Beginning at the intersection of the
<br />North right-of--way line of Colfax Avenue (U. S. Highway 20) with West
<br />right-of--way line of Eddy Street, said point being identified by a cross cut
<br />in the sidewalk; thence North 89°54'32" West (bearing assumed) along the
<br />North right-of--way line of Colfax Avenue 388.50 feet (platted 387.00
<br />feet) to a point at the intersection of the North right-of--way line of Colfax
<br />Avenue with the East right-of--way line of Frances Street; thence North
<br />00°00'00" East along the East right-of--way line of Frances Street, 410.00
<br />feet to the intersection of the South right-of--way line of LaSalle Avenue
<br />with the East right-of--way line of Frances Street; thence South 89°54'32"
<br />East along the South right-of--way line of LaSalle Avenue, 388.50 feet
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