09-27-04 Council Meeting Minutes

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REGULAR MEETING SEPTEMBER 27, 2004 North 00 02'36" East 195.00 feet to the centerline of the East and West 14 foot alley between Kinyon Street and Queen Street; thence South 89 56'09" West along said centerline of alley, 131.27 feet; thence South 00 06'09" West along the East line of Lot 145 in the Third Plat of Northwest Addition recorded March 7, 1907 in Plat Book 9, page 60 in the Office of the St. Joseph County Recorder and its Northerly and Southerly extensions, 195.00 feet to the south line of Queen Street; thence South 89 56'09" West along said south line of Queen Street, 12.93 feet to the East line of Allen Street; thence South 00 05'51" West along said east line of Allen Street, 329.87 feet to the South line of McCartney Street; thence South 89 58'27" East along said South line of McCartney Street, 12.91 feet; thence South 00 06'09" West 6.11 feet; thence North 89 56'09" East 308.71 feet to the Point of Beginning. which has Key Numbers 18-2110-4065, 18-2110-4066, and 18-2110-4067 as an Economic Revitalization Area; under the provisions of Indiana Code 6-1.1-12.1 et and South Bend Municipal Code Sections 2-76 et seq., 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. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Personal property tax deduction for a period of five (5) years, and further determines that the petition, the Memorandum of Agreement between the Petitioner and the City of South Bend and the Statement Of Benefits comply with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et sew. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s/Karen L. White Member of the Common Council Mr. Gerald Lerman, Vice President, Steel Warehouse Co. Inc., 2722 W. Tucker Drive, South Bend, Indiana, residential address 1121 E. Woodside, South Bend, Indiana, made the presentation for these bills. Mr. Lerman advised that Steel Warehouse is a steel service center specializing in flat rolled, low carbon steel, with operations involving slitting, leveling pickling, temper rolling, and shearing. Mr. Lerman further advised that the first abatement request if for real property abatement for a building addition of$12,800 sq. ft. at 2722 W. Tucker Drive for expanded manufacturing, warehousing and related uses. The estimated cost of the building addition if$638,000. The second and third abatement requests are for personal property abatement for new material handling equipment for processing and handling steel and steel products. This equipment will be installed at 2722 W. Tucker 20