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10-14-02 Council Meeting Minutes
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10-14-02 Council Meeting Minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
10/14/2002
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REGULAR MEETING <br />OCTOBER 14, 2002 <br />D. That the estimate of the annual salaries of those individuals who will be <br />employed or whose employment will be retained by the Petitioner can be <br />reasonably expected to result from the proposed redevelopment or <br />rehabilitation; <br />E. That the other benefits about which information was requested are benefits <br />that can be reasonably expected to result from the proposed described <br />redevelopment or rehabilitation; and <br />F. That the totality of benefits is sufficient to justify the requested deduction, all <br />of 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 identified in <br />the Statement of Benefits set forth as Sections I through II of the Petition for Real Property Tax <br />Abatement Consideration and that the Statement of Benefits form prescribed by the State Board of <br />Accounts are sufficient to justify the deduction granted under Indiana Code 6- 1.1- 12.1 -3. <br />SECTION IV. The Common Council hereby accepts the report and recommendation of the <br />Community and Economic Development Committee that the area herein described be designated as <br />an Economic Revitalization Area and hereby adopts a Resolution designating this area as an <br />Economic Revitalization Area for purposes of real property tax abatement. <br />SECTION V. The designation as an Economic Revitalization Area shall be limited to two <br />(2) calendar years from the date of the adoption of this Resolution by the Common Council. <br />SECTION VI. The Common Council hereby determines that the property owner is qualified <br />for and is granted property tax deduction for a period of three (3) years. <br />SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption <br />of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana <br />Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing <br />before the Common Council on the proposed confirming of said declaration. <br />SECTION VIII. 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/Roland Kelly <br />Member of the Common Council <br />Councilmember King reported that the Community and Economic Development Committee <br />conducted a Public Hearing this afternoon on this Resolution and voted to send it to the full Council <br />with a favorable recommendation. <br />Mr. Mark Johnson, 3227 West Sample Street, South Bend, Indiana, made the presentation for this <br />Resolution. <br />Mr. Johnson informed the Council that the project involves construction of a six thousand (6,000) <br />square foot facility at 3227 West Sample Street which currently houses South Bend Discount Liquor <br />and a hair salon called Karen for Your Hair. The space will be subdivided into four (4) units of at <br />least one thousand five hundred (1,500) square feet each. The total cost of this project including the <br />build out for the building is estimated to be between two hundred fifty thousand dollars <br />($250,000.00) and two hundred seventy -five thousand dollars ($275,000.00). It is estimated that this <br />project will create between twelve (12) and twenty -five (25) new jobs representing a new annual <br />-11- <br />
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