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10-08-12 Common Council Meeting Minutes
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10-08-12 Common Council Meeting Minutes
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REGULAR MEETING OCTOBER 8, 2012 <br /> <br /> <br /> <br />or whose employment will be retained by the Petitioner can be reasonably expected to result <br />from the proposed redevelopment or rehabilitation; <br /> <br />E. That the other benefits about which information was requested are benefits that <br />can be reasonably expected to result from the proposed described redevelopment or <br />rehabilitation; and <br /> <br />F. That the totality of benefits is sufficient to justify the requested deduction, all of <br />which satisfy the requirements of Indiana Code § 6-1.1-12.1-3. <br /> <br />SECTION III. The Common Council hereby determines and finds that the proposed described <br />redevelopment or rehabilitation can be reasonably expected to yield benefits identified in the <br />Statement of Benefits, Sections 1 through 3 of the Petition for Real Property Tax Abatement <br />Consideration and the Memorandum of Agreement between the Petitioner and the City of South <br />Bend, and that the Statement of Benefits form completed by the petitioner, said form being <br />prescribed by the State Board of Accounts, are sufficient to justify the deduction granted under <br />Indiana Code § 6-1.1-12.1-3. <br /> <br />SECTION IV. The Common Council hereby accepts the report and recommendation of the <br />Community and Economic Development Committee that the area herein described be designated <br />as an Economic Revitalization Area and hereby adopts a Resolution designating this area as an <br />Economic Revitalization Area for purposes of real property tax abatement. <br /> <br />SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) <br />calendar years from the date of the adoption of this Resolution by the Common Council. <br /> <br />SECTION VI. The Common Council hereby determines that the property owner is qualified for <br />and is granted property tax deduction for a period of up to five (5) years. <br /> <br />SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of <br />this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana <br />Code § 5-3-1 and Indiana Code § 6-1.1-12.1-2.5, said publication providing notice of the public <br />hearing before the Common Council on the proposed confirming of said declaration. <br /> <br />SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by <br />the Common Council and approval by the Mayor. <br /> <br /> s/Derek D. Dieter <br /> Member of the Common Council <br /> <br />Councilmember Henry Davis, Jr., Chairperson, Community & Economic Development <br />Committee, reported that this committee held a Public Hearing on this bill this afternoon and <br />voted to send it to the full Council with a favorable recommendation. <br /> <br />Andrew Nemeth, 211 W. Washington, #2114, South Bend, Indiana, made the presentation for <br />this bill. <br /> <br />Mr. Nemeth advised that the petitioner Dr. Chad Harrington plans to construct an Orthodontic <br />Office. He stated that the project will create 1 full-time and 1-2 part time permanent jobs with <br />the first year, representing a new annual payroll of $40,000 and will maintain 12 existing <br />permanent full-time jobs with an annual payroll of $521,000. He advised that it is estimated that <br />the cost of the new building is $850,000. <br /> <br />A Public Hearing was held on the Resolution at this time. <br /> <br />There being no one present wishing to speak to the Council either in favor of or in opposition to <br />this Resolution, Councilmember Scott made a motion to adopt this Resolution. Councilmember <br />Henry Davis seconded the motion which carried and the Resolution was adopted by a roll call <br />vote of nine (9) ayes. <br /> <br /> <br />13 <br /> <br /> <br />
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