07-26-04 Council Meeting Minutes

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REGULAR MEETING JULY 26,2004 A Public Hearing was held on the Resolution at this time. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution. Councilmember Puzzello made a motion to adopt this Resolution. Councilmember Coleman seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. RESOLUTION NO. 3360-04 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1137 SOUTH LAFAYETTE BLVD. AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5)YEAR PERSONAL PROPERTY TAX ABATEMENT FOR EXACTO, INC. OF SOUTH BEND WHEREAS, the Common Council of the City of South Bend, Indiana has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and, WHEREAS, a Declaratory Resolution declared an area commonly known as 1137 South Lafayette Blvd., South Bend, Indiana, and which is more particularly described as follows: Beginning at the SW corner of Lot 7, Stull's Second Edition; thence N along the E Right-of-way of an alley a distance of 336.06 Feet + or—to a point; said point being the NW corner of the S %2 of Lot 64, South Bend City Edition; thence E along the northern Boundary of said 1/2 of lot 64 which is on the Western right-of way of Lafayette Blvd.; thence S a distance of 275 feet + or — to the SE corner of Lot 6, Stull's Second Edition; thence, W A Distance of 125 feet to a point; thence S 66 feet to a point; thence, W 40 feet to a point of beginning. All being within the city of South Bend, Country of St. Joseph, State of Indiana. which has Key Numbers 18-8006-0288, 18-8002-0115, 18-8006-0282, 18-8006- 028201, 18-8006-0285, 18-8006-028501 and 18-8002-0116 as an Economic Revitalization Area; under the provisions of Indiana Code 6-1.1-12.1 et seq., and South Bend Municipal Code Sections 2-76 et sec., 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 I. 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 Personal 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. 9