11-09-92 Council Meeting Minutes

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433 REGULAR MEETING NOVEMBER 9, 1992 RESOLUTION NO. 1984 -92 A RESOLUTION OF THE CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 4300 QUALITY DRIVE, TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A 5 YEAR PERSONAL PROPERTY TAX ABATEMENT FOR ACCURIDE INDIANA, 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 4300 Quality Drive and which is more particularly described as follows: Parcel I: Lot Numbered Eight (8) as shown on the recorded Plat of Landmark Business Park, Section Six, Part One, recorded October 19, 1989, in the Office of the Recorder of St. Joseph County, Indiana, as Instrument No. 8928004. Parcel II: A Tract of land in the North Half of Section 19, Township 38 North, Range 2 East, City of South Bend, German Township, St. Joseph County, Indiana, said tract being more particularly described as follows: Commencing at the north Quarter corner of said Section 19; Thence South OOo54138" along the East line of said Northwest Quarter 119.75 feet to the South right -of -way line of Brick Road; thence North 880 47'24" West on and along said South line a distance of 845.29 feet; thence South OOo52 -54" East a distance of 679.54 feet, said point being the true place of beginning; thence continuing South OOo52104" East a distance of 175.75 feet to PC of a 25.00 foot radius curve to the right; thence along said curve through a central angle of 49058'19" West, an arc distance of 21.68 feet to a point of reverse curve with a 60.00 foot radius curve to the left; thence along said curve through a central angle of 93047'08 ", a chord length of 87.60 feet which bears South 01055'07" West, an arc distance of 98.20 feet; thence South 45052104" West a distance of 300.00 feet; thence north 89055138" East a distance of 426.53 feet to the place of beginning. Subject to legal highways. with said real estate having the following Key No. 25 1017 0604, 25 1017 0602 and 25 1017 0602.01 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 resolutions at this time. Jim Ongley, Vice President of Accuride, made the presentation for the resolution. He indicated they planned to build a facility, which will manufacture ball bearing drawer slides. Kevin Hughes, Project Future, spoke in favor of these abatements. Council Member Coleman made a motion to adopt Resolution No. 1983 -92, seconded by Council Member Duda. The resolution was adopted by a roll call vote of nine ayes. Council Member Zakrzewski made a motion to adopt Resolution No. 1984 -92, seconded by Council Member Coleman. The resolution was adopted by a roll call vote of nine ayes.