01-25-88 Council Meeting Minutes

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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/ John Voorde Member of the Common Council RESOLUTION NO. 1588 -88 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 516 SOUTH MICHIGAN, 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 516 South Michigan, and which is more particularly described as follows: South 1/2 Lot #9 Samuel Martin's Addition 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) calender 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. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s /John Voorde Member of the Common Council Public hearing was held on the resolutions at this time. Kathleen Cekanski- Farrand, City Council Attorney, presented both resolutions. She indicated that the petitioner Mr. Richard Lutin, 111 E. Main, Niles, MI, plans to have a retail music store at the above mentioned property. She indicated that the property is located in an area designated as a Tax Abatement Impact Area. She indicated that the property is located in a tax incremental financing allocation area. She indicated that the project will create one (1) new, permanent full -time job, representing a new annual payroll of $25,000.00, and will maintain one (1) existing permanent full -time and two (2) existing permanenet part -time jobs with an annual payroll of $35,000.00. Council Member Zakrzewski made a motion to adopt Resolution No. 1587 -88, seconded by Council Member Coleman. The resolution was adopted by a roll call vote of nine ayes. Council Member Puzzello made a motion to adopt Resolution No. 1588 -88, seconded by Council Member Luecke. The resolution was adopted by a roll call vote of nine ayes. BILLS FIRST READING BILL NO. 3 -88 A BILL APPROPRIATING $6,250.00 FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF THE SOUTH BEND HUMAN RIGHTS COMMISSION OF THE CITY OF SOUTH BEND, INDIANA FOR THE YEAR BEGINNING SEPTEMBER 22, 1987 AND ENDING SEPTEMBER 21, 1988. This bill had first reading. Council Member Puzzello made a motion to set this bill for second reading and public hearing February 8, and refer to the Human Resources and Economic Development Committee, seconded by Council Member Luecke. The motion carried.