06-27-94 Council Meeting Minutes

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with said real estate having the following Key No. 25- 1010 - 038504 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 hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of six (6) 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. /s /Ann Puzzello Member of the Common Council A public hearing was held on the resolution at this time. Ernest Szarwark, attorney, made the presentation for the resolution. He indicated that June of 1992 the Council adopted a designating and confirming resolution for tax abatement, however, the construction of the real property has taken lager than anticipated and it will not be completed until possibly late summer of this year. He indicated that since was past the two year designation period they are requesting the Council to amend its original confirmatory resolution to expend the period to two and one - half years. He indicated that the original Statement of Benefits, showed the company had sixty -five employees, and would hire five additional employees, and they now have over 70 employees. Council Member Coleman made a motion to adopt this resolution, seconded by Council Member Washington. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 2147 -94 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 4401 WESTERN AVE. TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR UNIVERSITY COMMONS JOINT VENTURE EXPANSION WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 4401 Western Avenue, South Bend IN, and which is particularly described as follows: Part of the northwest quarter of Section 9, township 37 north, Range 2 east, City of South Bend, Indiana, described as part of Blocks "E" & "F" as shown on the recorded plat of Garden Village 2nd Unit and a part of blocks lettered "A" and "B" as shown on the recorded plat of Garden Village 3rd unit. The parcel is more particularly described as: Beginning at a point on the east line of Lombardy Drive, 150 feet north of the southwest corner of said Block Lettered "B ", thence north along said east line of Lombardy Drive, 392.15 feet to a point 210 feet north of the southwest corner of said Block Lettered "A ", 583.93 feet to the westerly line of the recorded Plat of part of Block "F" in Garden Village 2nd Unit and part of Block ""A in Garden Village 3rd Unit, an Addition to the City of South Bend; thence southeasterly along said westerly line of recorded plat 125.09 feet to a point; thence continuing southeasterly along said Westerly line of recorded plat, 199.86 feet to the southeasterly corner of lot 523 as shown on said recorded plat of part of Block "F" and Block "A "; thence east along the north line of said Block Lettered "E ", 105.44 feet; thence northeasterly along a line perpendicular to the westerly line of Villageway, 56.53 feet to the westerly line of Villageway; thence southeasterly along said westerly line of Villageway, 70 feet to the point of tangency of curve; thence continuing Southeasterly along said curved Westerly line of Villageway 202.48 feet arc measurement to the northeast corner of a tract of land conveyed to Chester W. Waggoner by Colpaert Realty Corporation, by virtue of a warranty deed dated June 20, 1969 and recorded July 1, 1969 in Deed recorded July 1,