07-14-97 Council Meeting Minutes

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REGULAR MEETING JULY 14. 1997 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 /Roland Kelly Member of the Common Council A public hearing was held on the resolution at this time. Brad Toothacker, Real Estate Management Corp., made the presentation for the resolution. He reported that this project will be a new office facility costing approximately $6 million. He noted this project will be an asset to the downtown area. Council Member Pfeifer made a motion to adopt this resolution. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 2477 -97 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS SOUTHEAST CORNER OF WEST EWING AVENUE, PRAIRIE AVENUE AND LOCUST ROAD AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR REAL PROPERTY RESIDENTIAL TAX ABATEMENT FOR EMERSON FOREST, LLC WHEREAS, the Common Council of the City of South Bend, Indiana has adopted a Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas for the purposes of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as the southeast corner of West Ewing Avenue, Prairie Avenue and Locust Road, South Bend, Indiana and which are more particularly described as follows: A parcel of land being part of the west half of the northeast quarter of Section 22, township 37 north Range 2 east, Portage Township, Saint Joseph County, Indiana, described as follows: Commencing at the northwest corner of said quarter section; thence north 890 35' 35" east (bearing assumed) along the north line of said quarter section, a distance of 1303.90 feet; thence south 0016129" east along the west right -of -way line of Grant street; a distance of 179.00 feet to the point of beginning thence south 0016'29" east long said right -of -way a distance of 27.00 feet; thence north 89035135" east to the east line of west half of said quarter section; a distance of 30.00 feet; thence south 0016129" east along said east line to the south line of said quarter section, a distance of 2405.46 feet; thence s. 88034119" west along said south line to a point being 152.9 feet east of the west line of said quarter section; a distance of 1193.09 feet; thence north OoOO11211 east parallel with the west line of said quarter to the southeast corner of Elmer Boocher Minor Subdivision as recorded (instrument number 8627026), a distance of 1160.66 feet; thence north 0000148" west along the east line of said minor subdivision to the south line of peaks