11-23-87 Council Meeting Minutes

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k SECTION IV. 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 V. That 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 VI. That the Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of three years. SECTION VII. 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. Council Member Voorde made a motion to amend the resolution in Section 2, (a) by inserting 15.0781; (b) insert 15.0767; (c) insert 15.0775, seconded by Council Member Zakrzewski. The motion carried. Karl Witt, a representative of Indiana - Michigan Vales, Inc., indicated they planned to construct a warehouse and sales office in the Airport Industrial Park. He indicated the facility is to be used as a distribution point. He indicated this was the second expansion into the State of Indiana. He indicated they will hie two to three new employees the first year, and four to six thereafter. Council Member Voorde made a motion to adopt this resolution, seconded by Council Member Zakrzewski. The motion carried. RESOLUTION NO. 1549 -87 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 402 -404 EAST SOUTH AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, a petition for real property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 402 -404 East South, South Bend, Indiana, and which is more particularly described as follows: A parcel of land being a part of Lots One (1), Two (2) and Three (3) in the City's subdivision of the east half (1/2) of Lot Twenty -Three (23) in Denniston and Fellows Addition, South Bend, Indiana and being more particularly described as follows: Beginning at the Southwest corner of said lot one (1) thence north 0 09'37" west along the west line of said lot one (1) a measured distance of 99.28 feet to a point of 16.5 feet south of the northwest corner of said lot one (1); thence south 890 49' 40" east, a measured distance of 90.70 feet; thence south 00 03103" east, a measured distance of 99.28 feet to the north line of a 14' foot alley; thence north 890 49146" west along the said north line a measured distance of 90.52 feet to the place of beginning. 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; 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 the Indiana Code 6 -1.1- 12.1 -1, et seq. and South Bend Municipal Code Section 2 -76, 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. That the Common Council hereby determines and finds that the estimate of the number of individuals that will be employed or whose employment will be retained and the estimate of value of the redevelopment or rehabilitation and any other benefits about which the body designating the economic revitalization area requires information are benefits that can be reasonably expected to result from the proposed described redevelopment or rehabilitation. SECTION II. That the Common Council hereby determines and finds the following: