03-22-99 Council Meeting Minutes

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REGULAR MEETING MARCH 22, 1999 south 89 56' 09 "west along said centerline of alley, 131.27 feet; thence South 00 06'09" west along the east line of Lot 145 in the Third Plot of Northwest addition recorded March 7, 1907 in Plat Book 9, page 60 in the Office of the St. Joseph County Recorder and its northerly and southerly extensions, 195.00 feet to the south line of Queen Street; thence south 89 56'09" west along said south line of Queen Street, 12.93 feet to the east line of Allen Street; thence south 00 05'56" west along said east line of Allen Street, 329.87 feet to the south line of McCartney Street; thence south 89 58'27" east along said south line of McCartney Street, 12.91 feet; thence south 00 06' 09" west 6.11 feet; thence south 00 06' 09" west 6.11 feet; thence north 89 56' 09" east 308.71 feet to the point of beginning. with said real estate having the following Key No. 18-2110-4065 and 18- 2110 -4067, as an Economic Revitalization Area, and Whereas, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6- 1.1- 12.1 -25; and Whereas, the Council held a public hearing for the purpose of hearing all remonstrance's and objections from interested persons; and Whereas, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Personal property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Personal property tax deduction for a period of FIVE (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et seq. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Sean Coleman Member of the Common Council A public hearing was held on the resolution at this time. Gerald Lerman, 1121 E. Woodside, made the presentation for the resolution. He advised that this project relates to an investment in equipment they plan to use on anew project, at a cost of $1,000,000 to $2,000,000. He reported that they plan to add seven new employees. Council Member Ujdak made a motion to adopt this resolution, seconded by Council Member Sniadecki. the resolution was adopted by a roll call vote of eight ayes. D