04-22-02 Council Meeting Minutes

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REGULAR MEETING APRIL 22, 2002 Mr. Patrick McMahon, Executive Director, Project Future, 401 East Colfax Avenue, South Bend, Indiana, spoke in favor of this project and congratulated the City Council and the City of South Bend on what is a huge redevelopment of a massive area in the Studebaker Corridor and the Urban Enterprise Zone. He noted that this project will have tremendous benefits for the neighborhood and the community as a whole. There was no one else present wishing to speak in favor of this bill and there was no one present wishing to speak in opposition to this bill. Councilmember Pfeifer thanked Mr. McMahon. She noted that many times individuals think that Project Future only brings businesses to the outskirts and she thanked him for bringing this project to the inter City. Therefore, Councilmember Pfeifer made a motion to adopt this Resolution. Councilmember Coleman seconded the motion. Councilmember Varner commented that the importance of this project is not the tax abatement granted but the fact that over the next ten (10) years there will be $2.5 million dollars in property taxes paid on a piece of land that is essentially producing much smaller amounts at this point in time. Councilmember Varner stated that the City is always looking for development like this and if the petitioner has the opportunity to spread the good word it would be appreciated. The motion carried by a roll call vote of eight (8) ayes. RESOLUTION NO. 3090 -02 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 237 NORTH MICHIGAN STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR LASALLE PROPERTY MANAGEMENT CO., LLC. WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area commonly known as 237 N. Michigan Street, South Bend, Indiana, and which is more particularly described as follows: All of Lots Numbered One (1), Two (2); also, Lot Numbered Three (3) all as shown on the Original Plat of the Town, now City of South Bend EXCEPTING THEREFROM the following described real estate: commencing at a point 7 feet South of the Southeast corner of Lot Numbered Three (3); thence North 39.55 feet to a point on the East line of said Lot Numbered Three (3); thence West 172.88 feet, more or less, to the center line of a 14 foot public alley; thence South along the center line of said alley, 39.3 feet, more or less, to the center line of a public alley; thence East along the center line of said public alley to the point of beginning. and which has Key Numbers 18- 1002 -0041 and 18- 1002 -0042, be designated 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. se . and; -20-