12-21-87 Council Meeting Minutes

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RIX RESOLUTION NO. 1574 -87 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 716 NORTH NILES AVE., TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, the Common Council of the City of South Bend 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 716 N. Niles Ave, and which is more particularly described as follows: A parcel of land being a part of the North half of the South half of Section One, Township 37 North, Range 2 East, South Bend, St. Joseph County, Indiana and being more particularly described as follows, viz: Beginning at a point on the South line of Corby Street, South 890 48' 40" West 120.00 feet from the West line of a fourteen (14) foot alley on the West side of Cedar heights Addition to the City of South Bend, Indiana, thence continuing along said South line of Corby Street, South 890 48' 40" West, 258.66 feet; thence South 160 17' 47" West 141.77 feet; thence South 640 53' 57" West, 200.00 feet to the Easterly line of Niles Avenue; thence South 250 06' 03" East, parallel with said Easterly line of Niles Avenue 20.00 feet; thence North 710 52' 29" East 250.00 feet thence North 00 31' 18" West 170.00 feet, thence South 890 48' 40" West parallel with Southerly line of Corby Street, 120 feet thence North 00 31' 18" West parallel with said West line of fourteen (14) alley 150.00 feet to the point of beginning. Subject to legal Highways. 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. That 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 real 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. 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. The petitioner has met with the Design Review Committee and has agreed to comply with the requirements of designating 75% of the first floor of the project to retail use. Said condition is hereby made a part of this abatement. SECTION IV. 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 they planned to build an 80 unit East Race Inn Hotel on the site of the former Morse Electric Property. She indicated this will be a long -term stay hotel facility and will be creating a number of new jobs. She indicated the project will be a mixed use with retail use of the hotel dominating and an estimated 10 percent of the total space devoted to office uses. Council Member Barcome made a motion to adopt this resolution, seconded by Council Member Taylor. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1575 -87 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 902 -910 E. IRELAND ROAD, TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT.