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05-09-88 Council Meeting Minutes
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05-09-88 Council Meeting Minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
5/9/1988
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REGULAR MEETING MAY 9, 1988 <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, <br />Indiana, as follows: <br />SECTION I. That the Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for the <br />purposes of tax abatement. Such designation is for real property tax abatement only <br />and is limited to two (2) calendar years for the date of adoption of the Declaratory <br />Resolution by the Common Council. <br />SECTION II. That the Common Council hereby determines that the property owner <br />is qualified for and is granted real property tax deduction for a period of ten (10) <br />years. <br />SECTION III. This Resolution shall be in full force and effect from and after <br />its adoption by the Common Council and approval by the Mayor. <br />/s /John Voorde <br />Member of the Common Council <br />A public hearing was held on the resolution at this time. Jon Hunt, Director <br />Economic Development, indicated that Can - American Realty Corp., of Minneapolis, <br />developers of the proposed 204 -unit apartment complex, have made the decision to <br />proceed with financing arrangements for the project. He also stated that if <br />Can - American can meet a mid -July deadline for completing its financial arrangements, <br />construction on the apartments could begin in September. Joe Guentert, 3510 Corby <br />Blvd., spoke opposed to the resolution. He indicated that the project could be <br />built without tax abatement if South Bend taxes were not as high as other areas. <br />Jim Cronk, 702 E. LaSalle, spoke opposed to the bill. He indicated that the land in <br />question should be used for office buildings. Council Member Luecke made a motion <br />to adopt this resolution, seconded by Council Member Coleman. The resolution was <br />adopted by a roll call vote of 9 ayes. <br />RESOLUTION NO. 1605 -88 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH <br />BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH <br />BEND COMMONLY KNOWN AS 2302, 2304, 2306 WESTERN AV. AN <br />ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL <br />PROPERTY TAX ABATEMENT. <br />WHEREAS, a petition for real property tax abatement consideration has been filed <br />with the Common Council of the City of South Bend, requesting that the area commonly <br />known as 2302 Western Av., 2304 Western Av., and 2306 Western Av., South Bend, IN <br />46619, and which is more particularly described as follows: <br />Lots Numbered Three Hundred Sixty -five (365), Three Hundred Sixty -six (366) and <br />Three Hundred Sixty -seven (367) in Summit Place Second Addition to the City of South <br />Bend, in St. Joseph County, Indiana. <br />be designated as an Economic Revitalization Area under the provisions of Indiana <br />Code 6 -1.1- 12.1 -1, et seq., and South Bend Municipal Code Section 2 -76: <br />WHEREAS, The Department of Economic Development has concluded an investigation <br />and has further prepared maps and plats showing the boundaries and such other <br />information regarding the area in question as required by law; and <br />WHEREAS, the Human Resources and Economic Development Committee of the Common <br />Council has reviewed said report and recommended to the Common Council that the area <br />qualifies as an Economic Revitalization Area. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, <br />Indiana, as follows: <br />SECTION I. The Common Council hereby determines and finds that the Petition for <br />Real Property Tax Abatement and the Statement of Benefits of I.C. 6- 1.1- 12.1 -1 et <br />seq., and South Bend Municipal Code Section 2 -76. <br />SECTION II. The Common Council hereby determines and finds the following: <br />A. That the estimate of the value of the redevelopment or rehabilitation is <br />reasonable for projects of this nature; <br />B. That the estimate of the number of individuals who will be employed or whose <br />employment will be retained can reasonably by expected to result form the <br />proposed described redevelopment of rehabilitation; <br />C. That the estimate of the annual salaries of those individuals who will be <br />employed or whose employment will be retained can be reasonably expected to <br />result from the proposed redevelopment or rehabilitation; <br />D. That the other benefits about which information was requested are benefits that <br />can be reasonably expected to result from the proposed described redevelopment <br />or rehabilitation; and <br />E. That the totality of benefits is sufficient to justify the deduction. <br />all of which satisfy the requirements of I.C. 6 -1.1- 12.1 -3. <br />SECTION III. The Common Council hereby determines and finds that the proposed <br />described redevelopment or rehabilitation can be reasonably expected to yield the <br />benefits identified in the State of Benefits set forth as Sections I through IV of <br />the Petition for Real Pronertv Tax Abatement CnnciAaratinn_ anti that tha nmmnlataA <br />
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