05-11-92 Council Meeting Mniutes

Home Browse Search

---- REGULAR—M' .ETING MAY 11, 1992 the deduction granted under Section 6 -1.1- 12.1 -3 of the Indiana Code. 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 purposed of real property tax abatement. Section V. The Council acknowledges the passage of Bill No. 30 -92, which designates the area described hereinabove as an Economic Development Target Area. Therefore, pursuant to Indiana state law, the area in question qualifies for real property tax abatement while being used for retail trade purposes. The Council also has considered the evidence of declining occupancy and degenerating physical facility, together with evidence that other, similar malls are facing a period of economic crisis, and in some instances have been closed. The Council has further considered the potential impact in terms of direct loss of jobs, and loss of ancillary employment opportunities and tax revenues likely to result from further deterioration or closure of the facility in question. As a consequence thereof, the Council has determined that the property in question qualifies for tax abatement under Section 2 -84 of the South Bend Municipal Code and the standards the Council applies in connection with such determinations. Section VI. 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 VII. 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 VIII. 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 IX. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /S/ Stephen Luecke Member of the Common Council A public hearing was held on the resolution at this time. Council. Member Kelly reported that the Human Resources Committee and met on this bill and recommended it to the Council favorable. Council Member Kelly made a motion to accept the substitute bill on file with the City Clerk, seconded by Council Member Coleman. The motion carried. Ernest Szarwark, attorney, made the presentation for the resolution. He indicated the mall is one of the City's biggest taxpayers, and at the present time the mall has a 40a vacancy rate. He indicated the new owners are committed to the betterment of this mall, and are planned to do $3.5 million dollars worth of interior and exterior improvements, which will include new escalators, landscaping, construction of a six screen movie theater and a food court. Council Member Zakrzewski made a motion to adopt this resolution, seconded by Council Member Slavinskas. The resolution was adopted by a roll call vote of nine ayes. BILLS. FIRST READING BILL NO. 32 -92 A BILL AMENDING THE ZONING ORDINANCE FOR PROPERTY LOCATED AT 2610 PRAIRIE AVENUE, IN THE CITY OF SOUTH BEND, INDIANA, FOR BRUNO & ROSA CATALDO OF 2610 PRAIRIE AVENUE, SOUTH BEND, IN 46614. This bill had first reading. Council Member Coleman made a motion to refer this bill to Area Plan, seconded by Council Member Zakrzewski. The motion carried. BILL NO. 33 -92 A BILL AMENDING THE ZONING ORDINANCE FOR PROPERTY LOCATED AT NORTHWEST CORNER OF THE T INTERSECTION OF PORTAGE AVENUE AND BOLAND DRIVE, GERMAN TOWNSHIP, IN THE CITY OF SOUTH BEND, INDIANA. This bill had first reading. Council Member Coleman made a motion to refer this bill to Area Plan, seconded by Council Member Zakrzewski. The motion carried. BILL NO. 34 -92 A BILL AMENDING THE ZONING ORDINANCE FOR PROPERTY LOCATED AT THE SOUTHWEST CORNER RALPH JONES DR. AND WILLIAM RICHARDSON DR. AND AT THE EAST END OF WILLIAM RICHARDSON DR. IN THE CITY OF SOUTH BEND, INDIANA. This bill had first reading. Council Member Coleman made a motion to refer this bill to Area Plan, seconded by Council Member Zakrzewski. The motion carried. BILL NO. 35 -92 A BILL AMENDING THE ZONING ORDINANCE, AND ESTABLISHING A HISTORIC LANDMARK FOR PROPERTY LOCATED AT 635 S. MAIN IN THE CITY OF SOUTH BEND, INDIANA. This bill had first reading. Council Member Duda made a motion to refer this bill to the Zoning and Vacation Committee and set it for public hearing and third reading