03-12-98 Council Meeting minutes

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REGULAR MEETING MARCH 12,1998 30" west along said east line 336.00 feet to the south line of Queen Street; thence south 890 56' 09" west along said south line of Queen Street 176.60 feet; thence north 000 02' 36" east 195.00 feet to the centerline of the east and west 14 foot alley between Kinyon Street and Queen Street; thence south 890 56' 09" west along said centerline of alley, 131.37 feet; thence south 000 06' 09" west along the east line of Lot 145 in the Third Plat of Northwest Addition recorded March 7, 1907 in Plat Book 9, page 60 in the office of the St. Joseph County Recorder and its northerly and southerly extensions, 195.00 feet to the south lien of Queen Street; thence South 890 56' 09" west along said south lien of Queen Street, 12.93 feet to the east line of Allen Street; thence south 000 05' 51" west along said east line of Allen Street, 329.87 feet to the south line of McCartney Street; thence south 890 58' 27" east along the south line of McCarney Street, 12.91 feet; thence south 000 06' 09" west 6.11 feet; thence north 890 56' 09" east 308.71 feet to the point of beginning. with said real estate having the following Key No.18 2110 4064; 18 2110 4065; 18 2110 4066; 18 2110 4067, 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. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Sean Coleman Member of the Common Council A public hearing was held on the resolution at this time. Phil Faccenda, attorney, made the presentation for the resolution. He reported that company is a subsidiary of Steel Warehouse and will be locating in the Lock Joint Tube facility since Lock Joint is moving to Ireland Road. He advised eighteen people will be employed by this new business. Council Member Hosinski made a motion to adopt this resolution, seconded by Council Member Varner. The resolution was adopted by a roll call vote of eight ayes. RESOLUTION NO. 2572 -98 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING