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11-25-96 Council Meeting Minutes
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11-25-96 Council Meeting Minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
11/25/1996
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& WI <br />18 -8010 -0456 1 /2V <br />18- 8010 -0461 30 <br />18- 8010 -0462 30 <br />STO' <br />18- 8010 -0463 LOT <br />STO <br />with said real estate having <br />Economic <br />and which has Key Number as s <br />Economic Revitalization Area <br />6 -1.1- 12.1 -1 et. seq. and Sou <br />Et Seq. <br />Whereas, the Department <br />concluded an investigation an <br />sufficient for the Common Cou <br />qualifies as an Economic Revi <br />6 -1.1- 12.1 -1, et seq., and So <br />76, et seq., and has further <br />boundaries and such other inf <br />question as required by law; <br />RER ADDITION <br />ALLEY BET LOTS 3& 4 ALL LOT 4 <br />R & WITWER ADDITION <br />N SIDE LOT 5 STOVER & WITWER ADD. <br />. S SIDE LOT 5 10 FT N SIDE LOT 6 <br />R 7 WITWER ADD. <br />EX 10 FT. N SIDE <br />R & WITWER ADD. <br />following Key No. (see above) an <br />ed above be designated as an <br />er the provisions of Indiana Code <br />Bend Municipal Code Sections 2 -76 <br />f Economic Development has <br />prepared a report with information <br />cil to determine that the area <br />alization Area under Indiana Code <br />th Bend Municipal Code Sections 2- <br />repared maps and plats showing the <br />rmation regarding the area in <br />Whereas, the Human Resources and Economic Development <br />Committee of the Common Council has reviewed said report and <br />recommended to the Common Council that the area qualifies as an <br />Economic Revitalization Area. <br />NOW, THEREFORE, BE IT R <br />City of South Bend, Indiana, <br />SECTION I. The Common Counci <br />the Petition for Real Propert <br />Benefits form completed by th <br />of Indiana Code 6- 1.1- 12.1 -1 <br />relevant provisions of South <br />seq., for tax abatement. <br />SECTION II. The Common Counc: <br />following: <br />A. That the description <br />rehabilitation meets the <br />development. <br />VED by the Common Council of the <br />follows: <br />hereby determines and finds that <br />Tax Abatement and the Statement of <br />Petitioner meet the requirements <br />t seq., and qualifies under the <br />end Municipal Code Sections 2 -76 et <br />hereby determines and finds the <br />of the proposed redevelopment or <br />applicable standards for such <br />B. That the estimate ofathe value of the redevelopment or <br />rehabilitation is reason ble for projects of this nature; <br />C: That the estimate of the number of individuals who will <br />be. employed or whose employment will be retained by the <br />Petitioner can reasonably be expected to result from the <br />proposed described redevelopment or rehabilitation; <br />E. That the other benefits about which information was <br />requested are benefits that can be reasonably expected to <br />result from the proposed described redevelopment or <br />rehabilitation; and <br />F. That the totality of benefits is sufficient to justify <br />the requested deduction, all of which satisfy the <br />requirements of Indiana Code 6 -1.1- 12.1 -3. <br />SECTION III. The Common Counc <br />the proposed described redeve] <br />reasonably expected to yield t <br />of Benefits set forth as Sect <br />for Real Property Tax Abatemei <br />Statement of Benefits form pr( <br />Accounts are sufficient to ju: <br />Indiana Code 6 -1.1- 12.1 -3. <br />:il hereby determines and finds that <br />.opment or rehabilitation can be <br />)enefits identified in the Statement <br />.ons I through II of the Petition <br />Lt Consideration and that the <br />:scribed by the State Board of <br />otify the deduction granted under <br />1 <br />1 <br />
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