09-24-90 Council Meeting Minutes

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93 motion carried. Council Member Luecke stated that the Human Resources and Economic Development Committee met on the above mentioned bills and recommends them to the Council favorable. Harold Wyland, P. O. Box 158, Plymouth, IN made the presentation on the bill. He indicated that the project will allow for the construction of a new state -of- the -art ready -mix concrete plant containing approximately 10,012 sq. ft. which will greatly expedite the delivery time for the purchase of concrete in and around South Bend area and with will also improve the quality of the concrete by the expedited delivery time since concrete is a perishable product. He stated that the estimated total square footage and the estimated total cost of the project which is in addition to the purchase price for the 10.35 acre tract of real estate purchased for Fifty Five Thousand Dollars ($55,000.00.) Council Member Luecke stated that upon granting the confirming tax abatement a letter from the petitioner is necessary stating that the petitioner agrees to work with Employment Training Services. Council Member Luecke made a motion to adopt Resolution No. 1807 -90, seconded by Council Member Coleman. The resolution was adopted by a roll call vote of eight ayes. Council Member Coleman made a motion to adopt Resolution No. 1808 -90, seconded by Council Member Luecke. The resolution was adopted by a roll call vote of eight ayes. RESOLUTION NO. 1809 -90 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 710 -720 SOUTH FELLOWS STREET, SOUTH BEND, INDIANA AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR THE TECH CENTRE BUILDING 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 710 - 720 South Fellows Street, South Bend, Indiana, and which is more particularly described as follows: Lots 59 - 64 & 67 - 72 Rush's 4th Add. & 14; Vac. Alley & 27.5' x 239.53; vac. Rust St. known as parcel #11 Monroe - Sample Redevelopment Area. be designated as an Economic Revitalization Area under the previsions of Indiana Code 6 -1.1- 12.1 -1 et seq., and; WHEREAS, the Department of Economic Development has concluded an investigation and prepared a report with 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 are 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 and the Statement of Benefits form completed by the Petitioner meet the requirements of I.C. 6 -1.1- 12.1 -1 et seq., 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 reasonable 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. SECTION III. The Common Council hereby determines and finds that the proposed described redevelopment or rehabilitation can be reasonably expected to yield the benefits identified in the Statement of Benefits set forth as sections I through II of the Petition for Real Property Tax