05-11-87 Council Meeting Minutes

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7 REGULAR MEETING MAY 11.1987 Lots 264 through 268, Lots 273 and 274, and west 55 feet of Lots 270 through 272, and the south 40 feet of Lot 272, of Cottrell's First Addition to Lowell's, City of South Bend. Along and together with parts of Lots 269 and 275 as shown on said play described as beginning at the Northwest corner of said lot 269; thence North 89- 42' -28" East, along the North line of said Lots 269 and 275 and their Easterly projection a distance of 410.40 feet to the Southwest corner of Lot 340 in said recorded plat; thence South 89- 41' -01" West, along the westerly projection of the South line of said Lot 340, a distance of 32.85 feet; thence South 85- 28' -03" West, a distance of 212.60 feet; thence South 79- 35'35" West, a distance of 167.67 feet to a point on the West line of said Lot 269; thence North 0- 15145" West along said West line to the place of beginning. Along and together with the first east /west alley south of Wayne Street running between St. Louis Blvd. and St. Peter Street, and the first north /south alley east of St. Louis Blvd. running between Wayne and the first east /west alley south of Wayne Street. be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1, et seq.; and WHEREAS, the Redevelopment Commission 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 has further prepared maps and plats showing the boundaries and such other information as required by law of the area in questions; 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. That 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 purposes of real property tax abatement. SECTION II. That this designation shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION III. That the Common Council directs the City Clerk to cause notice of the adoption of this resolution to be published, said publication providing notice of the public hearing before the Common Council on said declaration. SECTION IV. The abatement deduction shall be for three (3) years. This determination is made under the authority of I.C. 6 -1.1- 12.1 -3. SECTION V. This resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Joseph T. Serge Member of the Common Council A public hearing was held on the resolution at this time. Ernest Szarwark, attorney, indicated this project consists of a two story professional office building, together with sufficient on -site parking. He indicated it was estimated the project will cost $2,500,000 and when complete 150 new full -time jobs will be created. Council Member Barcome made a motion to adopt this resolution, seconded by Council Member Zakrzewski. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1504 -87 A RESOLUTION CLOSING VARIOUS LOCAL ROADS AND STREET PROJECTS WHEREAS, the City of South Bend through the Department of Engineering has completed several projects in the Local Roads and Street fund. It has been determined that monies previously appropriated for these projects were higher than necessary. Deductions in appropriations must be made to close out the completed projects. NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA: SECTION I. Appropriations for the following projects are hereby decreased with the purpose of closing out said projects Project No. Project Title Amount