11-24-97 Council Meeting Minutes

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REGULAR MEETING NOVEMBER 24, 1997 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/ Roland Kelly Member of the Common Council A public hearing was held on the resolutions at this time. Council Member Broden reported that the Community and Economic Development Committee had met on these resolutions and recommended them to the Council favorable. Michael Kaser, a representative from Lock Joint Tube, made the presentation for the resolution. He advised that over the last several years they have been troubled by a lack of space at their present location. He reported that to continue their growth and address the issues they have purchased the Toro plant and will move all their operations to that location. He indicated this will allow them to expand manufacturing and warehousing. He also advised that they expect an increase of at least ten employees in the first year and thirty to forty in the next three years. Council Member Hosinski made a motion to adopt Resolution No. 2526 -97, seconded by Council Member Coleman. The resolution was adopted by a roll call vote of nine ayes. Council Member Pfeifer made a motion to adopt Resolution No. 2527 -97, seconded by Council Member Aranowski. The resolution was adopted by a roll call vote of nine,ayes. RESOLUTION NO. 2528 -97 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AUTHORIZING THE MAYOR TO SUBMIT TO THE UNITED STATES GOVERNMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, APPLICATION FOR SECTION 108 LOAN FUNDS WHEREAS, the Mayor of the City of South Bend, Indiana, is the Chief Executive Officer of the City and is the applicant for Section 108 loan funds available through the U.S. Department of Housing and Urban Development (HUD). NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City 1