07-26-99 Council Meeting Minutes

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REGULAR MEETING JULY 26, 1999 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 et seq. 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 RESOLUTION NO. 2770 -99 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 4747 AND 4775 AMERITECH DRIVE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND REDEVELOPMENT COMMISSION ON BEHALF OF DYNAMIC R.E.H.C., INC. WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 4747 and 4775 Ameritech Drive, South Bend, Indiana, and which is more particularly described as follows: ADDRESS LEGAL DESCRIPTYON KEY NUMBER 4747 Ameritech Dr. LOT 7 OF U.S. 31 INDUSTRIAL 25- 1016- 0600.10 PARK SECTION ONE RECORDED AS INSTRUMENT 9743763 IN THE OFFICE OF THE ST. JOSEPH COUNTY RECORDER, INDIANA 4775 Ameritech Dr. LOT 8 OF U.S. 31 INDUSTRIAL 25- 1016 - 0600.11 PARK SECTION TWO RECORDED AS INSTRUMENT 9846535 IN THE OFFICE OF THE ST. JOSEPH COUNTY RECORDER, INDIANA as an Economic Revitalization Area; and WHEREAS, notice ofthe adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances 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: �l LI'