09-14-98 Council Meeting Minutes

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REGULAR MEETING SEPTEMBER 14, 1998 SECTION III. The Common Council hereby determines and finds that the proposed described redevelopment or rehabilitation can be reasonably expected to yield benefits identified in the Statement of Benefits set forth as Sections I through II of the Petition for Real Property Tax Abatement Consideration and that the Statement of Benefits form prescribed by the State Board of Accounts are sufficient to justify the deduction granted under Indiana Code 6 -1.1- 12.1 -3. SECTION IV. The Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Economic Revitalization Area and hereby adopts a Resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. 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. Council Members Hosinski and Coleman reclused themselves from voting on this issue, since they were financially involved. Council President Coleman asked Council Member Pfeifer to chair this public hearing. Lynn Madison, president of Ultimate Connection, made the presentation for the resolution. She indicated she was proposing to rehab the building and put in a cyber cafe where you can surf the internet. She advised the Council that the total estimated cost of the project is $200,000. She reported that the project would create ten permanent jobs. Council Member Kelly made a motion to adopt this resolution, seconded by Council Member Aranowski. The resolution was adopted by a roll call vote of seven ayes. BILLS, FIRST READING BILL NO. 76 -98 A BILL TO VACATE THE FOLLOWING DESCRIBED PROPERTY: THE FIRST NORTH /SOUTH ALLEY EAST OF FELLOWS STREET FROM THE SOUTH RIGHT -OF -WAY OF E. DAYTON STREET TO THE NORTH RIGHT -OF -WAY OF THE FIRST EAST /WEST ALLEY SOUTH OF E. DAYTON STREET FOR A DISTANCE OF APPROXIMATELY 120 FEET AND A WIDTH OF 14 FEET. PART LOCATED IN STUDEBAKER'S SECOND ADDITION, CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA This bill had first reading. Council Member Varner made a motion to refer this bill to the Public Works and Property Vacation Committee and set it for public hearing and third reading on October 12, seconded by Council Member Sniadecki. The motion carried. 1