02-09-98 Council Meeting Minutes

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REGULAR MEETING FEBRUARY 9, 1998 AND - RECREATION FUND, $202,766 FROM THE PARKS NON- REVERTING CAPITAL FUND, $2,356,000 FROM THE LOCAL ROADS AND STREET FUND, $111,300 FROM THE BUILDING DEPARTMENT FUND, $26,765 FROM THE SOLID WASTE DEPRECIATION FUND, $1,631,111 FROM THE WATER WORKS DEPRECIATION FUND, - $4,502,050 FROM THE SEWAGE WORKS DEPRECIATION FUND, $39,250 FROM THE CENTURY CENTER FUND This bill had third reading. Council Member Pfeifer made a motion to pass this bill, seconded by Council Member Kelly. The bill passed by a roll call vote of eight ayes. RESOLUTIONS RESOLUTION NO. 2548 -98 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1010 PRAIRIE AVENUE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR HUCKINS TOOL & DIE COMPANY, 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 1010 Prairie Avenue, and which is more particularly described as follows: Tract of land beg 260.58' swly se cor Sample & Vac Prairie Avenue cont 1.343 ac + -known as Tract 4 with said real estate having the following Key No.18 8021 084903, as an Economic Revitalization Area, and Whereas, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -25; and Whereas, the Council held a public hearing for the purpose 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 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 -12.1 et seq.