09-26-94 Council Meeting Minutes

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2332 seconds West 761.20 feet to the East -West half section line of said East half the point of beginning, and containing 26.203 acres, more or less. with said real estate having the following key number 35 411 4814 be designated 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 seq. 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. Dick Monagle, General Manager, made the presentation for the resolution. He indicated they planned to purchase $20 millions dollars worth of high volume machinery to be used to produce pistons. He indicated they planned to add 144 new jobs. Council Member Slavinskas made a motion to adopt this resolution, seconded by Council Member Kelly. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 2175 -95 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2525 N. FOUNDATION DRIVE, SOUTH BEND, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR MILES DISTRIBUTORS, INC. 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 2525 Foundation Dr., South Bend IN, and which is particularly described as follows: A tract of land in the Southwest Quarter of Section 28, Township 38 North, Range 2 East, St. Joseph County, Indiana described as Lot 3 -4 of Airport Industrial park, Phase III, more particularly described as follows: Commencing at the Southeast Corner of said Section 28; thence N 90 degrees 00 minutes 00 seconds W a distance of 2642.71 feet on and along the South line of said Section; thence S 89 degrees 57 minutes 33 seconds W a distance of 171.27 feet along the South line of said Quarter Section; thence N 00 degrees 00 minutes 47 seconds E along the centerline of Foundry Drive a distance of 1090.00 feet; thence N 89 degrees 59 minutes 13 seconds W a distance of 40.00 feet to the West line of Foundation Drive and a true place of beginning; thence N 89 degrees 59 minutes 13 seconds W a distance of 450.00 feet; thence N 00 degrees 00 minutes 47" E a distance of 450.00 feet; thence S 00 degrees 00 minutes 47 seconds W a distance of 210.00 feet to the place of beginning. with said real estate having the following Key No. 25- 1010 - 040004 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