09-28-98 Council Meeting Minutes

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REGULAR MEETING SEPTEMBER 28, 1998 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. /s/ Sean Coleman Member of the Common Council A public hearing was held on the resolution at this time. Council Members Hosinski and Coleman recluse themselves from voting on this resolution, since they are financially involved. Lynn Madison, president of Ultimate Connection, made the presentation for the resolution. She reported they propose to rehab the building and put in a cyber cafe where you can surf the net. Council Member Borden made a motion to adopt this resolution, seconded by Council Member Sniadecki. The resolution was adopted by a roll call vote of seven ayes. RESOLUTION NO. 2680 -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 1911, 1915, 1919, AND 1923 S. WALNUT STREET AND 416 AND 420 S. KENMORE STREET AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR PHOENIX DEVELOPMENT Where as a Statement of Benefits and a petition for real property tax abatement has been submitted to and filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the areas commonly known as 1911, 1915, 1919, and 1923 S. Walnut and 416 and 420 S. Kenmore Street Street, South Bend, Indiana, and which are more particularly described as follows: ADDRESSES LEGAL DESCRIPTION TAX KEY # 1911 S. Walnut Lot 38 Swygarts 5th Add. 18 8062 2461 1915 S. Walnut Lot 39 Swygarts 5th Add. 18 80622462 1919 S. Walnut Lot 40 Swygarts 5th Add. 18 8062 2463 1923 S. Walnut Lot 41 Swygarts 5th Add. 18 8062 2464 416 S. Kenmore Lot 23 Lincoln Park 1st Add. 18 4076 2771 420 S. Kenmore Lot 24 Ex 2x62 NE Cor. 18 4076 2769 Lincoln Park 1st Add. be designated as Residentially Distressed Areas under the provisions of Indiana Code 6 -1.1 -12.1 et sea., and South Bend Municipal Code Sections 2 -76 et sea., and; WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the areas qualify as Residentially Distressed Areas under Indiana Code 6- 1.1-12.1, et sea., and South Bend Municipal Code Sections 2 -76, et sea., and has further prepared maps and plats showing the boundaries and such other information regarding the areas in question as required by law; and 1 1