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REGULAR MINUTES
<br />of South Bend, Indiana, as follows:
<br />JANUARY 25, 1999
<br />SECTION I. The Common Council hereby confirms its Declaratory
<br />Resolution designating the area described herein as an Economic
<br />Revitalization Area for the purposes of tax abatement. Such
<br />designation is for Personal property tax abatement only and is
<br />limited to two (2) calendar years from the date of adoption of
<br />the Declaratory Resolution by the Common Council.
<br />SECTION II. The Common Council hereby determines that the
<br />property owner is qualified for and is granted Personal property
<br />tax deduction for a period of FIVE (5) years, and further
<br />determines that the petition complies with Chapter 2, Article 6,
<br />of the Municipal Code of the City of South Bend and Indiana Code
<br />6 -1.1 -12.1 et seq.
<br />SECTION III. This Resolution shall be in full force and effect
<br />from and after its adoption by the Common Council and approval by
<br />the Mayor.
<br />/s/ Sean Coleman
<br />Member of the Common Council
<br />A public hearing was held n the resolution at this time. Jim
<br />Siever, plant engineer, made the presentation for the resolution.
<br />He advised they were investing 2.3 million for a new press. He
<br />advised the Council that this company has invested in excess of
<br />20 million dollars in this facility, and this was the fourth tax
<br />abatement they have received. He thanked the Council for their
<br />investment in the Eaton Corp. Council Member Hosinski made a
<br />motion to adopt this resolution, seconded by Council Member
<br />Sniadecki. The resolution was adopted by a roll call vote of
<br />nine ayes.
<br />RESOLUTION NO. 2706 -99
<br />A RESOLUTION OF THE COMMON COUNCIL
<br />OF THE CITY OF SOUTH BEND
<br />DESIGNATING CERTAIN AREAS WITHIN
<br />THE CITY OF SOUTH BEND, INDIANA,
<br />COMMONLY KNOWN AS 621, 625, 630,
<br />631, AND 632 O'BRIEN, 1529, AND
<br />1533 LEBANON, 310, 314, AND 317
<br />KENTUCKY, 317, 418, AND 420
<br />CUSHING, 1315, 1317, 1319, AND 1321
<br />VAN BUREN, 1502 FREMONT, 1429
<br />OLIVE, 723 SOUTH BEND AVENUE, 114,
<br />118, AND 122 BENDIX, 804 DAYTON,
<br />202 S. KALEY, 1614, 1624, 1630, AND
<br />1721 ELMER, AS A RESIDENTIALLY
<br />DISTRESSED AREA FOR PURPOSES OF A
<br />FIVE (5) YEAR RESIDENTIAL REAL
<br />PROPERTY TAX ABATEMENT FOR PIERRE
<br />A. SMITH, DBA EAGLE ASSOCIATES
<br />WHEREAS, the Common Council of the City of South Bend, Indiana,
<br />has adopted a Declaratory Resolution designating certain areas
<br />within the City as Residentially Distressed Areas for the purpose
<br />of tax abatement consideration; and
<br />WHEREAS, a Declaratory Resolution designated the area commonly
<br />known as 621, 625, 630, 631, and 632 O'Brien, 1529, and 1533
<br />Lebanon, 310, 314, and 317 Kentucky, 317, 418, and 420 Cushing,
<br />1315, 1317, 1319, and 1321 VanBuren, 1502 Fremont, 1429 Olive,
<br />723 South Bend Avenue, 114, 118, and 122 Bendix, 804 Dayton, 202
<br />S. Kaley, 1614, 1624, 1630, and 1721 Elmer, South Bend, Indiana,
<br />and which are more particularly described as follows:
<br />Street Address Legal Description Key Number
<br />621 O'Brien Lot 5 Smith Sub of Lot 5 18- 2036 -1207
<br />K & M Addition
<br />625 O'Brien Lot 4 smiths sub of lot 5 18- 2036 -1205
<br />K & M Addition
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