Laserfiche WebLink
REGULAR MEETING FEBRUARY 9, 2004 <br /> SECTION V. The Common Council hereby determines that the property owner is qualified <br /> for and is granted Real property tax deduction for a period of five(5)years, and further determines <br /> that the petition complies with Chapter 2,Article 6,of the Municipal Code of the City of South Bend <br /> and Indiana Code 6-1.1-12.1 et seq. <br /> SECTION VI. This Resolution shall be in full force and effect from and after its adoption <br /> by the Common Council and approval by the Mayor. <br /> s/Karen L. White <br /> Member of the Common Council <br /> Mr. Scott Johnston, 5802 Miami, South Bend, Indiana, made the presentation for this bill. <br /> Mr. Johnston noted that the home is single family, between 2,200 and 3,200 sq. ft. with prices <br /> ranging from $160,000 to $275,000. The home will have three to four bedrooms with a den, <br /> basement, great room and attached garage. Mr. Johnson further noted that this project will help <br /> further develop the City's south side by bringing new families to the area. <br /> A Public Hearing was held on the Resolution at this time. <br /> There being no one present wishing to speak to the Council either in favor of or in opposition to <br /> this Resolution, Councilmember Coleman, made a motion to adopt this Resolution. <br /> Councilmember Varner seconded the motion which carried and the Resolution was adopted by a <br /> roll call vote of nine (9) ayes. <br /> RESOLUTION NO. 3304-04 A RESOLUTION OF THE COMMON COUNCIL OF <br /> THE CITY OF SOUTH BEND DESIGNATING <br /> CERTAIN AREAS WITHIN THE CITY OF SOUTH <br /> BEND, INDIANA, COMMONLY KNOWN AS <br /> 2629 FOUNDATION DRIVE AN ECONOMIC <br /> REVITALIZATION AREA FOR PURPOSES OF <br /> A FIVE (5) YEAR PERSONAL PROPERTY TAX <br /> ABATEMENT FOR VALUE PRODUCTION, INC. <br /> WHEREAS,a petition for personal property tax abatement consideration has been filed with <br /> the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, <br /> requesting that the area commonly known as 2629 Foundation Drive, South Bend, Indiana, and <br /> which is more particularly described as follows: <br /> 316.80'N & S x 450' E & W Beg 211.27' W & 1590.40 N SE Cor SW Sec <br /> 28-38-2E 3.27 Ac <br /> and which has Key Number 25-1010-010012 be designated as an Economic Revitalization Area <br /> under the provisions of Indiana Code 6-1.1-12.1 et seq., and South Bend Municipal Code <br /> 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 Council to <br /> determine that the area qualifies as an Economic Revitalization Area under Indiana Code <br /> 6-1.1-12.1, et seq., and South Bend Municipal Code Sections 2-76 et seq., and has further <br /> prepared maps and plats showing the boundaries and such other information regarding the area in <br /> -25- <br />