10-12-98 Council Meeting Minutes

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REGULAR MEETING OCTOBER 12, 1998 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. Richard Monagle, operations manager, made the presentation for the resolution. He informed the Council that they make automotive pistons for GM and Ford. He explained they wanted to add 25,000 square feet to the existing facility. He advised the Council that they will employ an additional 50 people, bringing their total employment to 450 full time jobs. Council Member Kelly made a motion to adopt Resolution No. 2683 - 98, seconded by Council Member Aranowski. The motion carried on a roll call vote of nine ayes. Council Member Pfeifer made a motion to adopt Resolution No. 2684 -98, seconded by Council Member Kelly. The resolution was adopted by a roll call vote of nine ayes. BILLS, FIRST READING BILL NO. 86 -98 A BILL AMENDING THE ZONING ORDINANCE AND ESTABLISHING AN HISTORIC LANDMARK FOR THE PROPERTY LOCATED AT 617 WEST LA SALLE AVENUE, IN THE CITY OF SOUTH BEND, INDIANA This bill had first reading. Council Member Aranowski made a motion to refer this bill to the Zoning and Annexation Committee, and set it for public hearing and third reading on October 26, seconded by Council Member Kelly. The motion carried. PRIVILEGE OF THE FLOOR Jim Cierziniak, 1156 E. Victoria, spoke regarding monetary losses at the Hall of Fame. Council Member Varner made a motion to allow a small group of [1 r 1