07-12-99 Council Meeting Minutes

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REGULAR MEETING JULY 12, 1999 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 Real 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 Real property tax deduction for a period of three (3) 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 et. sea. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. s /Sean Coleman Member of the Common Council Mr. Bob Wilcox, President and CEO, Michiana Micro, Inc., dba Connecting Point, South Bend, Indiana, made the presentation for this Resolution. Mr. Wilcox stated that Connecting Point is in need of a new facility to house employees in this rapidly growing business of systems integration and made to order personal computer manufacturing. He noted that this tax abatement will allow them to hedge out on their investment and take advantage of this growth opportunity. A Public Hearing was held on the Resolution at this time. There being no one present wishing to address the Council either in favor of or in opposition to this Resolution, Councilmember Kelly made a motion to adopt this Resolution. Councilmember Varner seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. RESOLUTION NO. 2762-99 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 638, 709, 713, 716, 717, 724, 725, AND 728 PENNSYLVANIA AVENUE AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR CITY OF SOUTH BEND BOARD OF PUBLIC WORKS, AND AMERICAN HOME DREAMS, INC. WHEREAS, a Statement ofBenefits and apetition for residential real property tax abatement has been submitted to and filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known as 638, 709, 713, 716, 717, 724, 725, and 728 Pennsylvania, South Bend, Indiana, and which is more particularly described as follows: Street Address Legal Deg_ scription Key Number 638 Pennsylvania Southeast Neighborhood Redevelopment 18- 7016 -0626 Phase One, Section Two Subdivision Lot 33 of Southeast Neighborhood Redevelopment, Phase One, Section Two Subdivision