06-08-98 Council Meeting Minutes

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REGULAR MEETING JUNE 8, 1998 SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of ten (10) years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6- 1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. 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 bill and recommended it to the Council favorable. Stan Blenke, vice president of Schafer Gear, made the presentation for the resolution. He reported they planned to construct an office /manufacturing structure that when completed will be a state of the art facility. He estimated the total cost would be 4.2 million. Council Member Hosinski made a motion to adopt this resolution, seconded by council Member Aranowski. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 98 -97 A RESOLUTION OF THE CITY OF SOUTH BEND COMMON COUNCIL PROVIDING PRELIMINARY APPROVAL OF THE ISSUANCE OF ECONOMIC DEVELOPMENT REVENUE BONDS TO FINANCE CERTAIN ECONOMIC DEVELOPMENT FACILITIES, SGW REALTY, LLC (BLACKTHORN DEVELOPMENT AREA) Council Member Kelly made a motion to withdraw this resolution, at the request of the petitioner, seconded by Council Member Varner. The motion carried. RESOLUTION NO. 2632 -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 NORTHWEST CORNER OF NIMTZ PARKWAY AND CRESCENT CIRCLE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND REDEVELOPMENT COMMISSION FOR THE BENEFIT OF CRESCENT MICHIANA PROPERTIES, LLC 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 northwest corner of Nimtz Parkway and Crescent Circle, South Bend, Indiana, and which is more particularly described as follows: Lot #2 of Blackthorn Corporate Office Park minor subdivision V. A part of NE 1/4 & SE 1/4 of sec. 19- T38N -R23 & a part of NW 1/4 & SW 1/4 of Section 20- T38N -R2E, German Township, City of South Bend, St. Joseph County, Indiana and which has Key Number 18 1018 0622, 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.