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522 <br />be designated as an Economic Revitalization <br />Code 6 -1.1- 12.1 -1 et seq., and South Bend M <br />WHEREAS, the Department of Economic Developme <br />prepared a report with information sufficient <br />that the area qualifies as an Economic Revita <br />6- 1.1- 12.1 -1 et seq., and South Bend Municipa <br />prepared maps and plats showing the boundarie <br />the area in question as required by law; and, <br />under the provisions of Indiana <br />al Code Section 2 -76 et seq., and; <br />has concluded an investigation and <br />or the Common Council to determine <br />zation Area under Indiana Code <br />Code 2 -76, et se g., and has further <br />and such other information regarding <br />WHEREAS, the Human Resources and Economic Dev lopment Committee of the Common <br />Council has viewed said report and recommende4 to the Common Council that the area <br />qualifies as an Economic Revitalization Area. <br />NOW, THEREFORE, BE IT RESOLVED by the Common ( ouncil of the City of South Bend, <br />Indiana, as follows: <br />SECTION I. The Common Council hereby determi es and finds that the Petition for <br />Real Property Tax Abatement and Statement of form completed by the <br />Petitioner meets the requirements of Indian;enefits <br />ode 6 -1.1- 12.1 -1 et se ., and <br />qualifies under the provisions of South Bend unicipal Code Section 2 -76, et seq., <br />for tax abatement. <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 indivi4uals who will be employment or whose <br />employment will be retained can reasonably be expected to result from the proposed <br />described redevelopment or rehabilitation; <br />C. That the estimate of the annual salaries f those retained can be reasonably <br />expected to result from the proposed redevelo ment 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 or <br />rehabilitation; and <br />E. That the totality of benefits is sufficie *t to justify the deduction; all of <br />which satisfy the requirements of Indiana Cod 6 -1.1- 12.1 -3. <br />SECTION III. The Common council hereby deters <br />described redevelopment of rehabilitation can <br />benefits identified in the Statement of Benef: <br />of the Petition for Real Property Tax Abatemei <br />Statement of Benefits from prescribed by the : <br />to justify the deduction granted under Indian+ <br />SECTION IV. The Common Council hereby accept; <br />Human Resources and Economic Development Comm. <br />be designated an Economic Revitalization Area <br />designating this area as an Economic Revitalii <br />property tax abatement. <br />SECTION V. The designation as an Economic <br />two (2) calendar years from the date of the <br />Common Council. <br />SECTION VI. The Common Council hereby de <br />qualified for and is granted property tax <br />nines and finds that the proposed <br />be reasonably expected to yield the <br />its as set forth in Sections I and II <br />it Consideration and that the <br />State Board of Accounts are sufficient <br />i Code 6 -1.1- 12.1 -3. <br />the report and recommendation of the <br />Lttee that the area herein described <br />and hereby adopts a resolution <br />cation Area for purposes of real <br />talization Area shall be limited to <br />ption of this Resolution by the <br />that the property owner is <br />n. <br />SECTION VII. The Common Council directs the ity Clerk to cause notice of the <br />adoption of this Declaratory Resolution for R al Property Tax Abatement to be <br />published, said publication providing notice f the public hearing before the <br />Common Council on the proposed confirming of aid declaration. <br />SECTION VIII. This resolution shall be in <br />adoption by the Common Council and approval <br />V.GPtl <br />A public hearing was held on the resolution z <br />made a motion to amend this bill by excludin( <br />abatement, seconded by Council Member Colemat <br />Luecke indicated that the Human Resources an( <br />this bill and recommend it to the Council fa.i <br />Wayne St. made the presentation on the bill. <br />consist of the construction of a 20,000 sq. i <br />industrial /warehouse users. Facility shall 7 <br />business growth and expansion. <br />1 force and effect from and after its <br />.the Mayor. <br />Counc <br />this time. Council Member Luecke <br />the number of years for the tax <br />The motion carried. Council Member <br />Economic Development Committee met on <br />)rable. Kevin Butler, Attorney 100 E. <br />He indicated that the project will <br />building for occupancy by an <br />:ovide region with ready space for <br />