12-21-87 Council Meeting Minutes

Home Browse Search

222 : -- .: SECTION II. That the Common Council hereby determines that the property owner is qualified for and is granted real property tax deduction for a period of six (6) years. 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/ Joseph T. Serge Member of the Common Council A public hearing was held on the resolution at this time. Kathleen ' Cekanski- Farrand, Council attorney, indicated River Glen Associates, a partnership of Panzica Architects and Construction, planned to build a tenant office building on this site. He indicated they planned to construct a three level office structure for speculative lease to multiple tenants. Council Member Zakrzewski made a motion to adopt Resolution No. 1566 -87, seconded by Council Member Barcome. The resolution was adopted by a roll call vote of nine ayes. Council Member Zakrzewski made a motion to adopt Resolution No. 1567 -87, seconded by Council Member Barcome. The resolution was adopted by a roll call vote of nine ayes. Council Member Beck made a motion to combine public hearing on 87 -107 and 110, seconded by Council Member Taylor. The motion carried. RESOLUTION NO. 1568 -87 A RESOLUTION OF THE COMMON COUNCIL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 220 WEST ECKMAN AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT. WHEREAS, a petition for personal property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 220 West Eckman, South Bend, Indiana, and which is more particularly described as follows: Real Estate in St. Joseph County, in the State of Indiana, described as follows: ' A tract of land located in the Northwest Quarter of Section 24, Township 37 North, Range 2 East, City of South Bend, St. Joseph County, Indiana, and described as follows: Beginning at an iron pipe at the Southwest corner of the Northwest Quarter of said Section 24; thence North 00000'00" East (all bearings assumed) along the West line of the said Quarter Section, 1136.35 feet to a 4" fence post, said point being at the South Right of Way of Eckman Street (50' Right of Way); thence North 88048143" East along the said Right of Way line of Eckman Street 343.75 feet to a point identified by a cross cut in concrete, said point being on the Right of Way line of Pennsylvania System Vandalia Rail Road Company (99' Right of Way); thence Southwesterly along the said Rail Road Right of Way 1174.85 feet measured on a curve to the right having a radius of 5682.44 feet, subtended by a chord having a bearing of South 13008102" West and a chord length of 1172.80 feet; thence South 88059132" West, 77.20 feet to the Point of Beginning and containing 6.035 acres more or less. 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 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 the annual salaries of these individuals and the estimate of the value of the redevelopment or rehabilitation of the other benefits about which the Common Council has obtained information are benefits that can be reasonably expected to result from the installation of the new manufacturing equipment. SECTION II. That the Common Council hereby determines and finds the following: (A) If the proposed new manufacturing equipment is not installed, the approximate current year tax rate for the City would be $15.0781;