10-24-88 Council Meeting Minutes

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REGULAR-MEETING nrmnRFR �d_i9gg SECTION III. The Common Council hereby determines and finds that the proposed described redevelopment or rehabilitation can be reasonably expected to yield the benefits identified in the Statement of Benefits set forth as sections 1 through 11 of the Petition for Real Property Tax Abatement Consideration and that the Statement of Benefits form prescribed by the State Board of Accounts are sufficient to justify the deduction granted under Section 6 -1.1- 12.1 -3 of the Indiana Code. SECTION IV. The Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Economic Revitalization Area and hereby adopts a resolution designating this area as an Economic Revitalization Area for purposes of personal property tax abatement. SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. 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. Council Member Luecke indicated the Human Resources Committee had met on these resolutions and recommended them favorable. Larry Dawson, General Manager, of Gordon Plastics, made the presentation for the resolutions. He indicated they planned to construct a facility in the Airport Industrial Park. He indicated they manufactured custom plastics through the use of plastic molding presses and related equipment. Kevin Hughes, Project Future, spoke in favor of these abatements. Council Member Zakrzewski made a motion to adopt Resolution No. 1658 -88, seconded by Council Member Coleman. The resolution was adopted by a roll call vote of nine ayes. Council Member Zakrzewski made a motion to adopt Resolution No. 1659 -88, seconded by Council Member Coleman. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1650 -88 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA COMMONLY KNOWN AS 1305 PRAIRIE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A 3 YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND SCRAP AND PROCESSING DIVISION 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 1305 Prairie, and which is more particularly described as follows: A parcel of land being a part of the North Half of Section 14, Township 37 North, Range 2 East, City of South Bend, Portage Township, St. Joseph County, Indiana, being more particularly described as follows: Commencing at a point in the West line of Prairie Avenue, 45.00 feet South by rectangular measurement, from the South line of Garst Street in said City: thence South 280 °16' -39" West, along said West line of Prairie Avenue, a distance of 945.84 feet to the place of beginning for this description; thence continuing South 28 °16' 39" West, along said West line of Prairie Avenue, a distance of 90.00 feet to the Northerly line of a parcel of land conveyed to L @ A Enterprises by deed recorded as instrument number 8218566 in the office of the Recorder of St. Joseph County, Indiana; thence North 61 °44'13" West, along said Northerly line, a distance of 370.15 feet to the Westerly line of said L & A Enterprises tract of land; thence South 28 °10118" West, along said Westerly line, the Westerly line of a parcel of land conveyed to L & A Enterprises by deed recorded as instrument numbered 8218567, a distance of 240.00 feet to an angle point, thence South 28 °48'14" West along the Westerly line of a parcel of land conveyed to Indiana Bell Telephone Company, Inc. by deed recorded in Book 665, Page 463 in said Recorder's Office and its Southerly projection a distance of 313.61 feet; thence South 59 °- 05' -32" West, a distance of 325.48 feet; thence South 00- 39'44" West, a distance of 7.30 feet; thence North 84 °- 35' -10" West a distance of 56.24 feet to a point of curvature; thence Southwesterly along a curve to the left having a radius of 523.66 feet, a central angle of 18 °- 38' -47" and limited in length by a chord of 169.67 feet that bears South 860.051.27" West to a point of tangency; thence South 760- 46' -03" West a distance of 175.60 feet to a point on a non - tangent curve; thence Northeasterly along a curve to the left having a radius of 272.37 feet, a central angle of 700-56' 52" and limited in length by a chord of 316.13 feel that bears