05-14-90 Council Meeting Minutes

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REGULAR MEETING MAY 14, 1990 commonly known as Lots 1 and 2 of the proposed (unrecorded) Michiana Regional Industrial Park which is located near the Cleveland Road intersection with Brick Road at the U.S. 31 North By -Pass, South Bend, Indiana, and which is more particularly described as follows: A parcel of land being a part of the Southwest Quarter of Section 17, Township 38 North, Range 2 East in German Township, St. Joseph County Indiana and being more particularly described as follows: Commencing at the Southwest Quarter of said Section 17, thence North zero (0) degrees four (4) minutes three (3) seconds east (all bearings in this description are based on the East line of the Southwest Quarter of said Section 17, said line having an assumed bearing of North zero (0) degrees zero (0) minutes zero (0) seconds East) along the West line of said Southwest Quarter a distance of two hundred (200) feet to a point; said point being the true place of beginning of this description; thence continuing North zero (0) degrees four (4) minutes three (3) seconds east along said West line a distance of four hundred (400) feet to a point; thence South eight -nine (89) degrees thirty -nine (39) minutes six (6) seconds East a distance of six hundred twenty -five (625) to a point; said point being thirty (30) feet West measured at right angles to the centerline of the proposed Michiana Drive; thence South parallel to said centerline of Michiana Drive approximately a distance of five hundred ten (510 + / -) feet to a point; said point being ninety (90) feet North measured at right angles to Brick Road; thence following a fifty foot radius from South to West to a point; said point being at the tangent between the fifty (50) foot radius and a parallel line being forty (40) feet North measured at right angles to the centerline of Brick Road; thence North eight -nine degrees thirty -nine (39) minutes six (6) seconds West a distance of approximately one hundred five (105 + / -) feet to a point; thence North zero (0) degrees twenty -two (22)minutes thirty -eight (38) seconds East a distance of one hundred sixty -five (165) feet to a point; thence North eight -nine (89) degrees thirty -nine (39) minutes six (6) seconds West a distance of one hundred thirty -eight (138) feet to a point; thence South zero (0) degrees twenty -two (22) minutes thirty -eight (38) seconds West a distance of one hundred sixty -five feet to a point; thence North eight -nine (89) degrees thirty -nine (39) minutes six (6) seconds West a distance of sixty (60) feet to a point; thence North zero (0) degrees twenty -two (22) minutes thirty -eight (38) seconds East a distance of one hundred sixty (160) feet to a point; thence North eight -nine (89) degrees thirty -nine (39) minutes six (6) seconds West a distance of three hundred thirty (330) feet to the point of beginning. Containing 6.70 acres more or less. (Lots 1 & 2 of the Proposed and unrecorded subdivision Michiana Regional Industrial Park, Cleveland and Brick Roads at the ByPass, U.S. 31 North, St. Joseph County Indiana) 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 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 seq., and South Bend Municipal Code Section 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 I.C. 6 -1.1- 12.1 -1 et se .1 and qualifies under the provisions of South Bend Municipal Code Section 2 -76, et seq., for tax abatement. SECTION II. The Common Council hereby determines and finds the following: A. That the estimate of the value of the redevelopment or rehabilitation is reasonable for projects of this nature; B. That the estimate of the number of individuals who will be employed or whose employment will be retained can reasonably be expected to result from the proposed described redevelopment or rehabilitation; C. That the estimate of the annual salaries of those individuals who will be employed or whose employment will be retained can be reasonably expected to result from the proposed redevelopment or rehabilitation; D. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment or rehabilitation, and E. That the totality of benefits is sufficient to justify the deduction; all of which satisfy the requirements of I.C. 6 -1.1- 12.1 -3.