07-25-88 Council Meeting Minutes

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jJ 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 has held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council 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. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for purposes of tax abatement. Such designation is for personal property tax abatement only and is limited to two (2) calendar years from the date of the adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted real property tax deduction for a period of five (5) 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 A public hearing was held on the resolution at this time. Stanley Blenke, Vice President of Schafer Gear, made the presentation for the resolution. He indicated they plan to purchase new machinery in order to upgrade their manufacturing equipment to become competitive in terms of pricing and quality of our product. Council Member Slavinskas made a motion to adopt this resolution, seconded by Council Member Coleman. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1632 -88 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 1702 WEST WASHINGTON STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR ADAMS ENGINEERING, INC. WHEREAS, a petition for personal property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, requesting that the area commonly known as 1702 West Washington Street, South Bend, Indiana, and which is more particularly described as follows: TRACT NO. 1. A part of the East Half of the Northeast quarter of Section No. 10 in Township No. 37 North, Range No. 2 East, described as follows, viz: Beginning at a point 92.05 feet South of the South line of Washington Avenue in the City of South Bend, and 14.55 feet East of the West line of College Street (produced South) in said City; thence East a distance of 109.9 feet more or less to the Westerly line of the right of way of the Chicago, Indiana and Southern Railway at a point 92.05 feet South of the South line of said Washington Avenue (produced East); thence North 19 degrees 56 minutes West along the said Westerly line of the right of way of the Chicago, Indiana and Southern Railway a distance of 22.25 feet; thence North 15 degrees 38 minutes West along the said Westerly line of the right of way of the Chicago, Indiana and Southern Railway a distance of 50 feet to the Southerly line of Circle Avenue in said City; thence Northwesterly along the Southerly line of Circle Avenue to a point