05-11-98 Council Meeting minutes

Home Browse Search

REGULAR MEETING MAY 11, 1998 SECTION III. The Common Council hereby accepts the report and recommendation of the Department of Economic Development, and the Human Resources and Economic Development Committee's favorable recommendation, that the area herein described be designated as Economic Revitalization Area for purposes of personal property tax deduction for a period of five (5) years. SECTION IV. The Common Council determines that such designation is for personal property tax abatement only and shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution to be published pursuant to Indiana Code 5 -3 -1, said publication providing notice of the public hearing before the Common Council on said declaration. SECTION VII. 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. Council Member Kelly reported that the Community and Economic Development Committee had met on this resolution and recommended it to the Council favorable. John Fiene, a representative of Value Techn, made the presentation for the resolution. He reported that they are a custom injection molder for the automotive industry. He informed the Council that this project calls for the purchase of new manufacturing equipment which are necessary in order to increase production and remain competitive He advised they will continue to maintain the current level of minorities. Council Member Aranowski made a motion to adopt this resolution, seconded by Council Member Pfeifer. The resolution was adopted by a roll call vote of nine ayes. Council Member Kelly made a motion to combine public hearing on the next two resolutions, seconded by Council Member Hosinski. The motion carried. RESOLUTION NO. 2624 -98 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS LOT 2 OLIVE ROAD COMMERCE PARK (6879 ENTERPRISE DRIVE) AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR ENTERPRISE CENTRE PARTNERS L.P. WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area commonly known as 6879 Enterprise Dr., South Bend, Indiana, and which is more particularly described as follows: LOT NUMBERED 2 OF THE OLIVE ROAD COMMERCE PARK, SECTION ONE and which has Key Number 04 1011 0187 be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et. seq. and South Bend Municipal Code Sections 2 -76 Et Seq.