04-12-99 Council Meeting Minutes

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REGULAR MEETING APRIL 12, 1999 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 that ten (10) years is a proper designation in light of the following: 1. South Bend Heritage Foundation needs the reduced taxes in order to establish a cash flow that would be supported by affordable rents; 2. The project is an integral part of the City's development plans for the area; 3. The project compliments the development already occurring in 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 /Sean Coleman Member of the Common Council Councilmember Kelly reported that the Community and Economic Development Committee met on this bill and recommends this Resolution to the Council favorably. Councilmember Aranowski made a motion to accept the substituted version of this Resolution which contains additional language in Section VI. Councilmember Hosinski seconded the motion which carried. Ms. Dea Andrews, 223 North Scott Street, South Bend, Indiana, representing South Bend Heritage Foundation, 914 Lincoln Way West, South Bend, Indiana made the presentation concerning this Resolution. Ms. Andrews requested a ten (10) year tax abatement for the second phase of the Chapin Market Phase II Project. She noted that Phase I consists of the Sav -A -Lot store and the Chapin Street Clinic. The second phase will consist of a laundry, a pharmacy and a medical durable goods store. Originally, South Bend Heritage thought they would only proceed with the laundry and pharmacy but are more confident that there will be three tenants at this time and therefore has submitted the amended Resolution. This project will entail 13,000 square feet for a total project cost of $900,000.00. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution, Councilmember Pfeifer made a motion to adopt the substitute version of this Resolution as submitted. Councilmember Aranowski seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. RESOLUTION NO. 2720 -99 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1216 WEST COLFAX AVENUE AND 119, 123, 124, 127, 128, 131, AND 132 SPRUCE STREET AS A RESIDENTIALLY DISTRESSED AREA FOR