01-09-95 Council Meeting Minutes

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REGULAR MEETING JANUARY 9, 1994 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 hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of three (3) 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 seg. 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 /Ann Puzzello Member of the Common Council A public hearing was held on the resolution at this time. Jim Masters, attorney, made the presentation. He indicated the Firefighters Credit Union will relocate the old Policemen's Credit Union building at 815 S. Lafayette to property at 1122 S. Main. Council Member Coleman made a motion to adopt this resolution, seconded by Council Member Duda. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 2212 -95 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2422 VIRIDIAN DRIVE AN ECONOMIC REVITALIZATION AREA FOR THE PURPOSES OF A THREE YEAR REAL PROPERTY TAX ABATEMENT FOR JOHN R. & LAI -LO GOULD WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area commonly known as 2422 Viridian, South Bend, Indiana, and which is more particularly described as follows: That part of the southeast quarter of Section 28, T. 38 N., R. 2 E., City of South Bend, St. Joseph County, Indiana, which is described as: Beginning at a point which is the intersection of the West right -of -way line of Bendix Drive and the North line of Viridian Drive which is n. 00 02' 06" w., 771.89 ft. from a point on the South line of said Section which is N. 90 00' 00" W. (assumed bearing). 40.00 ft. from an iron in a monument box marking the Southeast Corner of said Section; thence around a 40.00 ft. Radius curve to the Right an Arc distance of 72.33 ft. to the end of a chord which bears S. 51 46' 11" w. and having a distance of 62.87 ft.; thence around a 210 ft. Radius curve to the Right an Arc distance of 77.97 ft. to the end of a chord which bears n. 65 47' 20" W. and having a distance of 77.52 ft.; thence around a 586.97 ft. Radius curve to the Left an Arc distance of 357.00 ft. to the end of a chord which bears N. 71 34' 35" W and having a distance of 351.52 ft.; thence S. 90 00' 00" W., 268.26 ft.; thence N. 00 22' 17" E., 169.87 ft.; thence N 69 21' - 01" E., 771.91 ft. (771.89 ft. Record); thence s. 00 02" 06" E., 152.84 ft.; thence S. 90 00' 00" W., 125.00 ft.; thence S. 00 02' 06" E., 264.00 ft.; thence N. 90 00' 00" e., 125.00 ft.; thence S. 00 02' 06" E., 123.38 ft. to the Point of Beginning. Containing 4.92 acres. and which has Key Number 25 1010 040804 be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et. seq. and South Bend Municipal Code Sections 2 -76 Et Seq. Whereas, the Department of Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1- 12.1-1, et seq., and South Bend Municipal Code Sections 2 -76, et seq., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and Whereas, the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the Petition for Real Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of Indiana Code 6 -1.1- 12.1 -1 et seq., and qualifies under the relevant provisions of South Bend Municipal Code Sections 2 -76 et seq., for tax abatement. SECTION II. The Common Council hereby determines and finds the following: A. That the description of the proposed redevelopment or rehabilitation meets the applicable standards for such development. B. That the estimate of the value of the redevelopment or rehabilitation is