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REGULAR MEETING SEPTEMBER 27, 2004 <br /> AREA FOR PURPOSES OF A FIVE (5) YEAR <br /> REAL PROPERTY TAX ABATEMENT FOR <br /> MACK TOOL&ENGINEERING, INC., MELVIN <br /> W. HARTZ, AND SONDRA K. HARTZ <br /> WHEREAS, a petition for real property tax abatement has been filed with the City Clerk <br /> for consideration by the Common Council of the City of South Bend, Indiana requesting <br /> that the area commonly known as 2820 Viridian Drive, South Bend, Indiana, and which <br /> is more particularly described as follows: <br /> A part of the Southeast Quarter of Section 28, Township 38 North, Range 2 East, of the <br /> Second Principal Meridian, City of South Bend, St. Joseph County. <br /> and which has Key Numbers 25-1010-040029, be designated 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 concluded <br /> an investigation and prepared a report with information sufficient for the Common <br /> Council to determine that the area qualifies as an Economic Revitalization Area under <br /> Indiana Code 6-1.1-12.1, et sec., and South Bend Municipal Code Sections 2-76, et seq., <br /> 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 Common <br /> Council has reviewed said report and recommended to the Common Council that the area <br /> qualifies as an Economic Revitalization Area. <br /> NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <br /> Bend, Indiana, as follows: <br /> SECTION I. The Common Council hereby determines and finds that the Petition for <br /> Real Property Tax Abatement and the Statement of Benefits form completed by the <br /> Petitioner meet the requirements of Indiana Code 6-1.1-12.1 et seq ., for tax abatement. <br /> SECTION II. The Common Council hereby determines and finds pursuant to Indiana <br /> Code 6-1.1-12.1-3 et. seq. the following: <br /> a. That the description of the proposed redevelopment or rehabilitation meets the <br /> applicable standards for such development. <br /> b. That the estimate of the value of the redevelopment or rehabilitation is reasonable <br /> for projects of this nature; <br /> c. That the estimate of the number of individuals who will be employed or whose <br /> employment will be retained by the Petitioner can reasonably be expected to result from <br /> the proposed described redevelopment or rehabilitation; <br /> d. That the estimate of the annual salaries of those individuals who will be employed <br /> or whose employment will be retained by the Petitioner can be reasonably expected to <br /> result from the proposed redevelopment or rehabilitation; <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 /> 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 /> SECTION III. The Common Council hereby determines and finds that the proposed <br /> described redevelopment or rehabilitation can be reasonably expected to yield benefits <br /> 25 <br /> { <br />