04-10-2023 Common Council Minutes

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REGULAR MEETING April 10, 2023 new apartments on the top floors with public access on the seventh (7th) floor of the building for meetings, a bar and lounge, along with an outdoor deck. They are investing fourteen point seven ($14.7) million, and this will create nine (9)new full-time positions. Current taxes are$42,000 and will be estimated at over$346,600 over the length of eight(8)years. The first(1st) year of the new abatement will accrue $72,674 in taxes. Over the eight(8)years, this project will bring in over one point three ($1.3)million dollars. Council President Sharon McBride opened the floor to Councilmembers for any questions or comments. Council President Sharon McBride opened the floor to the public for any questions or comments. Clerk Jones stated that no one from the public wished to speak. Councilmember Troy Warner made a motion for adoption of Resolution No. 23-17 Councilmember Rachel Tomas Morgan seconded the motion. The motion Passed by a vote of nine(9) ayes. Resolution No. 23-17 has been adopted. Councilmember Canneth Lee—Aye Councilmember Troy Warner—Aye Councilmember Eli Wax—Aye Councilmember Karen L. White—Aye Councilmember Rachel Tomas Morgan—Aye Council President McBride—Aye Council Vice President Sheila Niezgodski—Aye Councilmember Lori Hamann-Aye Councilmember Henry Davis, Jr. -Aye 23-18 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF THE SOUTH BEND, INDIANA, DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 724 HARRISON AVENUE, SOUTH BEND, IN 46616 AND 726 HARRISON AVENUE, SOUTH BEND, IN 46616 AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE- YEAR(5) RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR CROSS COMMUNITY INC. Councilmember Rachel Tomas Morgan stated that this resolution came to the Committee of Community Investment with a favorable recommendation. Erik Glavich, director of Growth and Opportunity on the 14th floor of this building. This is a declaratory resolution for a single-family residential property tax abatement for two vacant lots that are owned by Cross Community Inc, a nonprofit organization. This group supports initiatives supporting the Bend's West Side Neighborhoods. Cross Community will build two brand new homes with an investment of$440,000. They will sell these homes to those who complete a home buyers'program. The abatement will then be transferred to the new homeowners after they purchase the new homes. There is a one hundred dollar($100) current estimated tax for each house, during the five(5) year abatement, the total estimated taxes are $10,650 and the taxes paid will be $1,650. Tina Patton, Cross Community Representative, 707 Sherman Drive, South Bend IN 46616, stated this organization has been around since 2016. The city provides gap financing, and it is a homeowner's program that teaches people how to manage their finances, credit repair and has a partnership with multiple banks. Once they complete the program these banks will give the mortgages for the homes. They have purchased multiple lots and will redevelop the community. They want to make sure that homeowners can have a legacy for themselves. Council President Sharon McBride opened the floor to Councilmembers for any questions or comments.