08-23-99 Council Meeting Minutes

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REGULAR MEETING AUGUST 23, 1999 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 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. Kevin Latislaw, 1702 South Robinson Street, South Bend, Indiana, made the presentation for this Resolution on behalf of Bamar Plastics, Inc. Mr. Latislaw thanked the Council for their consideration of this Resolution. Bamar will create a minimum of six (6) new j obs which will represent one hundred sixty thousand dollars ( $160,000.00) in added revenue to their payroll. Approximately three hundred eighty -seven thousand dollars ($387,000.00) will be spent on the purchase of new equipment that will enable them to continue to grow and supply the companies they are in contract with. 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 eight (8) ayes. RESOLUTION NO. 2783-99 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3915 RIVERSIDE DRIVE, RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR BRYON AND HEATHER STAMETS WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 3915 Riverside Drive, South Bend, Indiana, and which are more particularly described as follows: Lot 284 Riverside, Riverside Manor Second and Third Addition First Replat Lot B and which has Tax Key Number 25- 1011 -0456, as a Residentially Distressed 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 a residentially distressed area have been met.