09-26-88 Council Meeting Minutes

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M i ` REGULAR- MEETING— _ SEPEMB_ER -26-,- ] 9ss 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 real 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 deduction for a period of ten (10) 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 RESOLUTION NO. 1651 -88 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA COMMONLY KNOWN AS 3620 WEST MCGILL COURT TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A 5 YEAR PERSONAL PROPERTY TAX ABATEMENT FOR BANGOR REFRIGERATION CORP. WHEREAS, the Common Council of the City of South Bend, Indiana, 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 3620 West McGill, and which is more particularly described as follows: A part of the Northeast Quarter of Section 38, Township 38, North, Range 2 East, of the City of South Bend, German Township, St. Joseph County, Indiana, and described as follows: Commencing at the Northeast corner of said Section 38; thence South 89 °48105" West along the North line of said Quarter Section, 1305.00 feet; thence South 00 °00'23" West along the centerline of Kenmore Street, 363.70 feet; thence South 09 °59137" East along said centerline 486.87 feet to the centerline intersection of Kenmore Street and McGill Street; thence South 80 °00123" West along the centerline of McGill Street, 303.50 feet; thence North 89 °59137" West along aid centerline, 270.66 feet to the point of beginning,thence South 00 °00'23" West, 401.41 feet; thence North 89 °59137" West, 523.23 feet to the point of beginning and containing 4.823 acres, more or less, and is subject to all easements, restrictions, and or limitations of record. 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 personal property 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 resolutions at this time. Fayez Ibrahim, President of Bangor Refrigeration Corporation, made the presentation for the resolution. He indicated they planned to build a facility in South Bend to manufacturer