06-10-02 Council Meeting Minutes

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REGULAR MEETING JUNE 10, 2002 SECTION III. The Common Council hereby determines and finds that the proposed described redevelopment or rehabilitation can be reasonably expected to yield benefits identified in the Statement of Benefits set forth as Sections I through II of the Petition for Real Property Tax Abatement Consideration and that the Statement of Benefits form prescribed by the State Board of Accounts are sufficient to justify the deduction granted under Indiana Code 6- 1.1- 12.1 -3. SECTION IV. The Common Council hereby accepts the report and recommendation of the Community and Economic Development Committee that the area herein described be designated as an Economic Revitalization Area and hereby adopts a Resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Council pursuant to Section 2 -84 of the South Bend Municipal Code finds the ten 10 years is the appropriate and rational time period for this tax abatement in light of the following: 1. The petitioner was asked by the City of South Bend to relocate the business to accommodate the TJX Company's new warehouse distribution center. 2. The petitioner will incur additional building costs associated with the new location as a result of the restrictive building covenants of the new area. 3. The new location fits the City of South Bend's development plans for the area and will support the warehouse and distribution services already located within the area. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of ten 10 years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6- 1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s /Roland Kelly Member of the Common Council Councilmember King reported that the Community and Economic Development Committee conducted a Public Hearing on this bill this afternoon and voted to send it to the full Council with a favorable recommendation. Mr. Jim Van Houten, Owner and President of JVH, Inc., no address given, made the presentation for this Resolution. Mr. VanHouten advised that JVH proposes to build a twenty seven thousand two hundred (27,200) square foot building on approximately 7.7 acres in the US 31 Industrial Park. After completion, the building will be leased to MTE Truck & Trailer Service. This company is a Mack service dealer for Mack Truck and is an associate dealer for Volve Trucks. They will be selling, servicing, repairing and selling parts for both Volvo and Mack. Mr. VanHouten noted that MTE Parts, Inc. is a Great Dane parts distributor. This is a company that presently is at 1313 Prairie Avenue and will be housed at the same location when the building is completed. The visibility and easy access from US -14- 1 �1 1