07-08-96 Council Meeting Minutes

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REGULAR MEETING JULY 8, 1996 WHEREAS, a Declaratory Resolution designated the area commonly known as Lot 14 Toll Road Industrial Park, South Bend IN, and which is particularly described as follows: LOT 14 TOLL ROAD INDUSTRIAL PARK with said real estate having the following Key No. 23-1013 - 021111, 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 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 property owner is qualified for deduction for a period of three that the petition complies with Municipal Code of the City of S, 12.1 et sea. hereby determines that the and is granted Real property tax (3) years, and further determines Chapter 2, Article 6, of the Duth Bend and Indiana Code 6 -1.1- 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. Richard Snyder, attorney, indicated this company was requesting tax abatement to move their headquarters to South Bend. He indicated they planned to build a 900,000 square foot warehouse, and distribution center to market collectibles. He indicated the company would employ about 30 people in its first year. Council Member Coleman made a motion to adopt the resolution, seconded by Council Member Zakrzewski. The motion carried. RESOLUTION NO. 2386 -96 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, CONCERNING THE ACQUISITION BY LEASE OF CERTAIN EQUIPMENT ESSENTIAL TO THE OPERATIONS OF THE CITY WHEREAS, the Common Council of the City of South Bend, Indiana, has determined that a true and very real need exists for the acquisition of the Equipment described in the Municipal Equipment Lease - Purchase Agreement ( "Lease Agreement ") between SAFECO Credit Company, Inc. ( "Lessor ") and the City of South Bend, Indiana ( "Lessee ") presented to the Common Council at the meeting of the Common Council on the date noted hereinbelow; and WHEREAS, Lessee has carefully reviewed its financing