10-26-92 Council Meeting Minutes

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420 u REGULAR MEETING OCTOBER 26, 1992 with said real estate having the following Key No. 25 1010 038101, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6- 1.1- 12- .1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. Now, therefore, be it resolved by the Common Council of the City of South Bend, Indiana, as follows. Section I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Personal Property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. Section II. The Common Council hereby determines that the property owner is qualified for and is granted personal property tax deduction for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et seq. Section III. 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. Jim Seeber, a representative of Eaton Corporation, made the presentation for the bill. He indicated they were relocating equipment from Marion. Ohio to South Bend, and will purchase new equipment. He indicated when they were finished they would be able to double the current production in South Bend. Council Member Slavinskas 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. 1978 -92 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA COMMONLY KNOWN AS 3601 N. MCGILL TO BE AN ECONOMIC REVITALIZATION AREA FOR PRECISION MILLWORK AND PLASTICS, INC. WHEREAS, the Common Council of the City of South Bend, Indiana has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 3601 McGill and which is more particularly described as follows: A part of the NE 1/4 of Section 28, Township 38 North, Range 2 East, City of South Bend, St. Joseph County, Indiana, described as follows: Commencing at the Northeast corner of said Section 28; thence South 89048'05" West along the North line of said Quarter Section, 1305.00 feet; thence South OOo00123" West along the centerline of Kenmore Street, 363.70 feet; thence South 09059137" East along said centerline, 486.87 feet to the centerline intersection of Kenmore street and McGill Street; thence South 80000123" West along the centerline of McGill Street, 303.50 feet; thence North 89059'37" West along said centerline, 270.66 feet; thence North OOo00123" East, a distance of 35.00 feet to the north right -of -way boundary of said McGill Street and the point of beginning; thence north 0 00123" east a distance of 366.65 feet; thence North 89 48136" east a distance of 260.00 feet; thence South 0 00' 23" west a distance of 361.04 feet to the north boundary of said McGill Street; thence Southwesterly along said boundary 156.61 feet along an arc to the right having a radius of 1874.86 feet and subtended by a long chord having a bearing of South 89 48' 36" West and a length of 156.43 feet; thence North 89 59'37" of beginning and containing 2.172 acres, more or less. Above described tract of land is encumbered by an easement described as follows: with said real estate having the following Key No. 25 1010 038519, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6- 1.1- 12- .1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and