03-11-91 Council Meeting Minutes

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172 REGULAR MEETING /s/ Donald Niezgodski Member of the Common Council MARCH 11, 1991 A public hearing was held on the resolution at this time. Council Member Luecke reported that the Human Resources Committee had met on this resolution and recommended it to the Council favorable. He made a motion to amend the resolution in the title and in Section II by changing the period of the abatement to 3 years, seconded by Council Member Zakrzewski. The motion carried. Kevin Butler, attorney, made the presentation for the resolution. He indicated that this most of this facility has now been leased by Pitman- Moore, who plan to use it to warehouse animal pharmaceuticals. Council Member Luecke that Project Future had sent a letter of recommendation for this resolution. Council Member Luecke made a motion to adopt this resolution, seconded by Council Member Coleman. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1849 -91 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS THE SOUTHEAST CORNER OF LAPORTE AND COLFAX, AN ECONOMIC REVITALIZATION AREA FOR THE PURPOSES OF A TEN YEAR REAL PROPERTY TAX ABATEMENT FOR HISTORIC DUNBAR CORNER. 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 the southeast corner of LaPorte and Colfax, South Bend, Indiana, and which is more particularly described as follows: 128 LaPorte: 69 ft on LaPorte Ave S end Lot 7 Dunbars Sub BOL 31 130 -132 LaPorte: Lots 6 &7 65 ft S side mid PT Dunbars Sub BOL 31 136 LaPorte: N 55 ft mid pt Lots 6 & 7 Dunbars Sub BOL 31 146 LaPorte: 3 rds N end Lots 6 & 7 Dunbars Sub BOL 31 910 -912 W. Colfax: it if 906 W. Colfax: Lot 8 38 ft S end Dunbar & Cc Sub Div BOL 31 32 if Ex 38 Ft. S end Lot 8 Dunbars Sub BOL 31 902 W. Colfax: Lot 9 Dunbars Sub BOL 31 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 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 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 reasonably be 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 benefits identified in the Statement of Benefits set forth as Sections I through II of the Petition for Real Property Tax Abatement Consideration and that the Statement of Benefits form prescribe by the State Board of Accounts are sufficient to justify the deduction granted under Section 6 -1.1- 12.1 -2 of the Indiana Code. SECTION IV. The Common Council hereby accepts the report and recommendation of