06-24-96 Council Meeting Minutes

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REGULAR MEETING JUNE 241 1996 Commissioners Land a distance of 1082.81 feet; thence South 00 degrees 11 minutes 51 seconds West parallel with the East line of land conveyed to the State of Indiana in Deed Record 538, Page 72 a distance of 433.76 feet to the place of beginning of this description. Containing 11.212 acres of land. And said real estate having the following Key Number 25 -1018- 0628, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Personal 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 Personal property tax deduction for a period of five (5) 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. 1s/ Roland Kelly Member of the Common Council A public hearing was held on this resolution at this time. Ernest Szarwark, attorney, made the presentation for this Resolution. He indicated that Bowne & Company is known as the best financial printer in the country. He reported they planned to construct a 120,000 square foot building with $20 million dollars in presses and equipment, that will create two hundred new jobs. Council Member Zakrzewski made a motion to adopt Resolution No. 2375 -96, seconded by Council Member Washington. The resolution was adopted by a roll call vote of seven ayes. Council Member Zakrzewski made a motion to adopt Resolution No. 2376 -96, seconded by Council Member Coleman. The Resolution was adopted by a roll call vote of seven ayes. RESOLUTION NO. 96 -63 • RESOLUTION CONFIRMING THE ADOPTION OF • DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS LOT 594, VERNON HEIGHTS ADDITION, AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR REAL PROPERTY RESIDENTIAL TAX ABATEMENT FOR VALUE PLUS CONSTRUCTION, INC.