10-11-99 Council Meeting Minutes

Home Browse Search

REGULAR MEETING OCTOBER 11, 1999 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- 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: SECTION 1. 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 ten (10) 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 se g. 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 Councilmember Kelly reported that the Community & Economic Development Committee met on this Resolution and sends it to the Council with a favorable recommendation. Mr. Jim Brown, 16632 Lynhfield Court, Granger, Indiana, made the presentation for this tax abatement. Mr. Brown informed the Council that The New Carbon Company, Inc. will be relocating from Buchanan, Michigan to this facility. They currently have approximately twenty -six (26) employees for an annual payroll of six hundred eighty -three thousand dollars ($683,000). The New Carbon Company, Inc. manufactures waffle irons, pancake and waffle flour. A Public Hearing was held on this Resolution at this time. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution, Councilmember Hosinski made a motion to adopt this Resolution. Councilmember Sniadecki seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. BILL NO. 99-104 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3735 WILLIAM RICHARDSON DRIVE TO BE AN ECONOMIC REVITALIZATION ARA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR COBRA DEVELOPMENT, LLC FOR THE BENEFIT OF: MICHIANA MIDGET MOTORS, INC. Councilmember Kelly made a motion to continue this tax abatement until the October 25, 1999 C U