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07-12-04 Council Meeting Minutes
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07-12-04 Council Meeting Minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
7/12/2004
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REGULAR MEETING JULY 12,2004 <br /> Resolution. Councilmember Coleman seconded the motion which carried and the <br /> Resolution was adopted by a roll call vote of nine (9) ayes. <br /> RESOLUTION NO. 3355-04 A RESOLUTION OF THE COMMON COUNCIL <br /> OF THE CITY OF SOUTH BEND <br /> DESIGNATING CERTAIN AREAS WITHIN <br /> THE CITY OF SOUTH BEND, INDIANA, <br /> COMMONLY KNOWN AS 1137 SOUTH <br /> LAFAYETTE BLVD. AN ECONOMIC <br /> REVITALIZATION AREA FOR PURPOSES OF <br /> A FIVE (5) YEAR PERSONAL PROPERTY <br /> TAX ABATEMENT FOR EXACTO, INC. <br /> OF SOUTH BEND <br /> WHEREAS, a petition for personal property tax abatement consideration has been <br /> filed with the City Clerk for consideration by the Common Council of the City of South <br /> Bend, Indiana, requesting that the area commonly known as 1137 South Lafayette Blvd., <br /> South Bend, Indiana, and which is more particularly described as follows: <br /> Beginning at the SW corner of Lot 7, Stull's Second Edition; thence N <br /> along the E Right-of-way of an alley a distance of 336.06 Feet + or—to <br /> a point; said point being the NW corner of the S %2 of Lot 64, South <br /> Bend City Edition; thence E along the northern Boundary of said 1/2 of <br /> lot 64 which is on the Western right-of way of Lafayette Blvd.; thence S <br /> a distance of 275 feet + or — to the SE corner of Lot 6, Stull's Second <br /> Edition; thence, W A Distance of 125 feet to a point; thence S 66 feet to <br /> a point; thence, W 40 feet to a point of beginning. All being within the <br /> city of South Bend, Country of St. Joseph, State of Indiana. <br /> which has Key Numbers 18-8006-0288, 18-8002-0115, 18-8006-0282, 18-8006- <br /> 028201, 18-8006-0285, 18-8006-028501 and 18-8002-0116 as an Economic <br /> Revitalization Area; under the provisions of Indiana Code 6-1.1-12.1 et seq., and South <br /> Bend Municipal Code Sections 2-76 et seq., 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 et <br /> 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 pursuant to <br /> Indiana Code 6-1.1-12.1-4.5 et seq., that: <br /> a. The estimate of the cost of the new manufacturing equipment is <br /> reasonable for equipment of that type; <br /> b. That the estimate of the number of individuals that will be employed or <br /> whose employment will be retained by the Petitioner can reasonably be expected to result <br /> from the proposed installation of new manufacturing equipment; <br /> c. That the estimate of the annual salaries of those individuals that will be <br /> employed or whose employment will be retained by the Petitioner can be reasonably <br /> expected to result from the proposed installation of new manufacturing equipment; <br /> 18 <br />
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