08-28-89 Council Meeting Minutes

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NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the Petition for Real Property Tax Abatement and the Statement of Benefits from completed by the I Petitioner meet the requirements of I.C. 6 -1. - 12.1 -1 et seq., and qualifies under the provisions of South Bend Municipal Code S ction 2 -76 et seq., for tax abatement. SECTION II. The Common Council hereby determines and finds the following: A. That the estimate of the value of the redevelopment or rehabilitation is reasonable for projects of this nature; B. That the estimate of the number of indivi uals who will be employed or whose , employment will be retained can reasonably be expected to result from the proposed described redevelopment or rehabilitation; C. That the estimate of the annual salaries of those individuals who will be employed or whose employment will be retained can be reasonably expected to result from the proposed redevelopment or rehabilitation; D. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment or rehabilitation; and E. That the totality of benefits is sufficient to justify the deduction, all of which satisfy the requirements of I.C. 6 -l.1- 12.1 -3. 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 I through II of the Petition for Real Property Tax Abatement Consideration and that the Statement of Benefits from 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 by designated an Economic Revitalization Area and hereby adopts a resolution I designating this area as an Economic Revitalization Area for purposes of real 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 dedullction for a period of three (3) years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Renal 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 adoption by the Common Council and approval s /Ann Puzzello A public hearing was held on the Resolution at Jefferson, made the presentation on the resolu land is approximately 1.06 acres, and the proj condominiums, 1100 to 1500 sq. ft. The units next twelve to eighteen months. Construction completed in December, 1990. The project will jobs within the first year representing an ann maintain 3 full time and 2 part time jobs with The total project cost is estimated at $1,300, a motion to adopt this resolution, seconded by resolution was adopted by a roll call vote of force and effect from and after its the Mayor. counc this time. Bill Elliott, 918 E. ion. He indicated that the existing ct will consist of 13 -15 ill be constructed and sold over the ill start in July and will be create 6 new permanent full time al payroll of $62,000 and will and existing payroll of $70,000. 00.00. Council Member Coleman made Council Member Zakrzewski. The ine ayes. RESOLUTION NO. 1744 -89 A RESOLUTION OF PHE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIG ATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 530 NILES AVENUE AN ECONO 'IC REVITALIZATION AREA FOR PURPOSES OF A 3 YEAR REAL PROPERTY TAX ABATEMENT FOR ORKIN, INC. WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known as 530 Niles Av., South Bend, Indiana, and which is more particularly described as follows: That part of Outlot 47 is "Samuel L. Cottrell's First Addition to the Town of Lowell" as recorded in the records of St. Joseph County, Indiana which is described as: Beginning on the West line of Lot #7 at a Point 106.99 ft.