04-09-90 Council Meeting Minutes

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flu REGULAR MEETING APRIL 9, 1990 SECTION IV. The Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Economic Revitalization Area and hereby adopts a resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of ten (10) years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. 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. Council Member Luecke stated that the Human Resources and Economic Development Committee met on this bill and recommends it to the Council favorable. Larry Koepfle, Economic Development Specialist Department of Economic Development noted that at the time the petition was filed it was a joint partnership with the Department of Economic Development. The Department of Economic Development closed the partnership with the Niles Washington Associates and are now the sole owner. John Phair, 100 E. Wayne St. made the presentation on the resolution. He stated that the proposed improvements shall consist of a three story commercial office building of approximately 36,000 square feet and surrounding surface parking lots. The improvements shall employ all of the land referenced herein. This project will retain a large area employer. The project will create 15 new jobs with an annual payroll of $622,125.00. The estimated dollar value of the project is $3,000,000.00. Council Member Coleman made a motion to adopt this resolution, seconded by Council Member Slavinskas. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1776 -90 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 431 E. COLFAX AVENUE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A 6 YEAR REAL PROPERTY TAX ABATEMENT FOR: NILES / COLFAX ASSOCIATES. 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 431 E. Colfax Avenue, South Bend, Indiana, and which is more particularly described as follows: A parcel of land being a part of the Lots 38 thru 42 inclusive along with vacated alleys, or parts thereof in the Original Plat to the Town of Lowell, now City of South Bend, Portage Township, St. Joseph County, Indiana being more particularly described as follows: Beginning at the Southeast corner of said Lot 42, thence North 890- 54' -0" West along the South line of said Lot 42 also being the North right -of -way of Colfax Street, a distance of 139.77 feet; thence North 4o- 51' -15" West, a distance of 70.11 feet; thence North 50- 27' -02" West, a distance of 66.59 feet, thence North 3- 49' -42" West, a distance of 66.69 feet; thence North 5- 09' -10" West, a distance of 14.89 feet; thence North 6o- 33' -25" West, a distance of 68.34 feet to the North line of a 16 foot alley; thence North 89o- 57' -07" East along the North line of said alley, a distance of 178.84 feet to the West right -of -way line of Niles Avenue; thence South Oo- 12' -20" West along the West right -of -way line of said Niles Avenue, a distance of 347.40 feet to the place of beginning containing 1.245 acres more or less. Subject to any easements, covenants or restrictions of record. Be designated as a Economic Revitalization area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et seq. and South Bend Municipal Code section 2 -76 et seq., and; 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 seg. and South Bend Municipal Code section 2 -76 et seg. 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.