07-27-98 Council Meeting Minutes

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REGULAR MEETING JULY 27, 1998 Hundred Forty -nine (149) and One Hundred fifty (150) as shown on the Original Plat of the Town, now City of South Bend, together with the vacated 14 -foot alley lying North and adjacent to Lot 148. PARCEL VII: The vacated alley lying between Lots 145 and 156, Lots 146 and 155 and Lots 147 and 154, as shown on the Original Plat of the Town, now city of South Bend. PARCEL VIII: Lots Numbered One Hundred Fifty -four (154), One Hundred Fifty -five (155) and One Hundred Fifty -six (156) as shown on the Original Plat of the Town, now City of South Bend. PARCEL IX: The South One -Half (1/2) of vacated Navarre Street lying North of and adjacent to Lots 145 and 156 as shown on the Original Plat of the Town, now City of South Bend. with said real estate having the following Key Number 18 1009 036001, 18 1009 0360, 18, 1009 36101, 18 1009 036102, 18 1009 0362, 18 1009 036401, 18 1009 0355, 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 -2.5; and WHEREAS, the Council held a public hearing for the purposes 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 Real 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 Real property tax deduction for a period of ten (10) 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 sea. 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. 1s/ Sean Coleman Member of the Common Council A public hearing was held on the resolution at this time. Phil Faccenda, Jr., attorney, made the presentation for the resolution. He reported that Memorial proposes to build a six story building which will be office space and a parking garage, at a total cost, including signalization and road changes, of $41,000,000. Council Member Hosinski made a motion to adopt this resolution, seconded by Council Member Sniadecki. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 2657 -98 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2918,