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03-23-98 Council Meeting minutes
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03-23-98 Council Meeting minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
3/23/1998
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REGULAR MEETING MARCH 23, 1998 <br />Council Member Kelly reported that the Community and Economic <br />Development Committee had met on this bill and recommended it to <br />the Council favorable. Tim Murray, 51716 Darthmore, indicated <br />they could appreciated the.Council's consideration of this <br />resolution. Council Member Broden made a motion to adopt this <br />resolution, seconded by Council Member Pfeifer. The resolution <br />was adopted by a roll call vote of eight ayes. <br />RESOLUTION NO. 2590 -98 A RESOLUTION OF THE COMMON COUNCIL OF <br />THE CITY OF SOUTH BEND DESIGNATING <br />CERTAIN AREAS WITHIN THE CITY OF SOUTH <br />BEND, INDIANA, COMMONLY KNOWN AS 3735 <br />WILLIAM RICHARDSON DRIVE, AN ECONOMIC <br />REVITALIZATION AREA FOR PURPOSES OF A <br />THREE (3) YEAR REAL PROPERTY TAX <br />ABATEMENT FOR COBRA DEVELOPMENT, LLC <br />WHEREAS, a petition for real property tax abatement has been <br />filed with the City Clerk for consideration by the Common Council <br />of the City of South Bend, Indiana requesting that the area <br />commonly known as 3735 William Richardson Drive, South Bend, <br />Indiana, and which is more particularly described as follows: <br />Lot Numbered Eight A (8A) as shown on the recorded Plat of Toll <br />Road Industrial Park Second Minor Subdivision, recorded December <br />1, 1995 as Document 9540654 in the Office of the Recorder of St. <br />Joseph County, Indiana <br />and which has Key Number 25- 1013 - 021112, be designated as an Economic <br />Revitalization Area under the provisions of Indiana Code 6 -1.1- <br />12.1 et sea., and South Bend Municipal Code Sections 2 -76 et <br />sea., and; <br />WHEREAS, the Department of Economic Development has <br />concluded an investigation and prepared a report with information <br />sufficient for the Common Council to determine that the area <br />qualifies as an Economic Revitalization Area under Indiana Code <br />6 -1.1 -12.1, et sea., and South Bend Municipal Code Sections 2 -76, <br />et sea., and has further prepared maps and plats showing the <br />boundaries and such other information regarding the area in <br />question as required by law; and <br />WHEREAS, the Community and Economic Development Committee of <br />the Common Council has reviewed said report and recommended to <br />the Common Council that the area qualifies as an Economic <br />Revitalization Area. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the <br />City of South Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby determines and finds that <br />the Petition for Real Property Tax Abatement and the Statement of <br />Benefits form completed by the Petitioner meet the requirements <br />of Indiana Code 6 -1.1 -12.1 et sea., and qualifies under the <br />relevant provisions of South Bend Municipal Code Sections 2 -76 et <br />sea., for tax abatement. <br />SECTION II. The Common Council hereby determines and finds the <br />following: <br />A. That the description of the proposed redevelopment or <br />rehabilitation meets the applicable standards for such <br />development. <br />B. That the estimate of the value of the redevelopment or <br />rehabilitation is reasonable for projects of this nature; <br />C. That the estimate of the number of individuals who will <br />be employed or whose employment will be retained by the <br />F7 <br />L <br />1 <br />
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