09-23-02 Council Meeting Minutes

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REGULAR MEETING SEPTEMBER 23, 2002 SECTION X. 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. Mike Urbanski, 17874 State Road 23, South Bend, Indiana, made the presentation for this Resolution. Mr. Urbanski informed the Council that this is another request for tax abatement not unlike the others for which he has come before the Council in the past. He noted that tax abatement is a good tool that is working to bring new residential housing in the City of South Bend. A Public Hearing was held on the Resolution at this time. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution, Councilmember Aranowski made a motion to adopt this Resolution. Councilmember Pfeifer seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. - RESOLUTION NO. 3127 -02 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA MAKING A PRELIMINARY DETERMINATION TO CONDUCT REMEDIATION ACTIVITIES AT THE FREDRICKSON PARK SITE IN THE CITY OF SOUTH BEND, TO ISSUE BONDS TO PROVIDE THE COST THEREOF, TO PLEDGE A PORTION OF THE CITY'S COUNTY OPTION INCOME TAX REVENUES TO SECURE SUCH BONDS, AND OTHER MATTERS CONNECTED THEREWITH WHEREAS, the City of South Bend, Indiana (the "City ") owns certain Brownfield property near South Bend Avenue and Howard Street in the northeast portion of the City, commonly known as Fredrickson Park, and more particularly described on Exhibit "A" hereto (the "Property "); and WHEREAS, the City has previously investigated the environmental condition of the Property and has determined to conduct non -time critical removal activities and other general environmental remediation activities on the Property in order to make the property suitable for future redevelopment (the "Project "); and WHEREAS, pursuant to South Bend Common Council Resolution No. 3106 -02, the City, in July 2002, made application (the "Application ") to the Indiana Development Finance Authority ( "IDFA ") for a loan from the Indiana Department of Environmental Management ( "IDEM ") Brownfields Cleanup Revolving Loan Fund (the "Loan "), in an amount not to exceed $1 million, to provide funds to finance the Project, and IDFA has informed the City that the Application meets the criteria for the Loan and has requested confirmation of the availability of funding to repay the Loan; and WHEREAS, the general remediation of the Property and the redevelopment of the Property will be a public benefit to the health, safety, and general welfare of the City and its citizens; and it would appear that the financing of the Project would be a public benefit to the health, safety, and -13-