08-28-89 Council Meeting Minutes

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cost is estimated at $30,000. Council Member Coleman made a motion to adopt this resolution, seconded by Council Member Zakrze ski. The resolution was adopted by a roll call vote of eight ayes. RESOLUTION NO. 1745 -89 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, IiNDIANA COMMONLY KNOWN AS THE NORTHEAST CORNER OF PORTAGE AND MAPLE ROADS TO BE AN ECONOMIC REVITA. IZATION AREA FOR PURPOSES OF A THREE YEAR REAL PROPERTY TAX ABATEMENT FOR HURWICH FARMS. WHEREAS, the Common Council of the City of Declaratory Resolution designating certain Revitalization Areas for the purpose of tax WHEREAS, a Declaratory Resolution designated Northeast Corner of Portage and Maple Roads described as follows: A parcel of land being the East Half of Township 38 North, Range 2 East, City of Joseph County, Indiana and being more pa Commencing at the center of said Section line of the Southwest Quarter of said Sec thence along a course having a deflection the preceding described course, a distanc having a deflection angle of 45 - 00' to course,a distance of 38 feet; thence alon of 45 - 00' to the right from the precedi . feet; thence along a course having deflec from the preceding described course, a di beginning for this description; thence co . projection of said last described course, course having a deflection angle of 90 - 00 ' from the preceding described along a course parallel with the East lin Section 22, a distance of 99.71 feet; the with the North line of the Southwest Quar 260 feet; thence Northwesterly along a co' public road now known as Portage Road, a course having a deflection angle of 90 - described course, a distance of 270 feet, said Portage Road a distance of 662 feet, having deflection angle of 90 - 00' to th course, a distance of 413 feet, more or 1 containing 4.87 acres more or less. Subject to the legal rights of a public restrictions of record. as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declara before the Council has been published pursua WHEREAS, the Council held a public hearing f remonstrances and objections from interested WHEREAS, the Council has determined that the revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Indiana, as follows: h Bend, Indiana has adopted a s within the City as Economic tement consideration; and area commonly known as the which is more particularly Southwest Quarter of Section 22, th Bend, German Township, St. ularlv described as follows: ; thence Southerly along the East on 22, a distance of 1140 feet; ngle of 70 - 30' to the right from of 500 feet; thence along a course e left from the preceding described a course having a deflection angle described course, a distance of 160 on angle of 90 - 00' to the right ance of 70 feet to the place of inuing along the Northwesterly distance of 10 feet; thence along a ourse, 54.09 feet; thence Northerly of the Southwest Quarter of said e Westerly along a course parallel r of said Section 22, a distance of se parallel with the centerline of a stance of 458 feet; thence along a ' to the left from the preceding ore or less, to the centerline of ore or less; thence along a course left from the preceding described s to the place of beginning and any easements, covenants or y Resolution and the public hearing to Indiana Code 6 -1.1- 12.1 -2.5; and the purposes of hearing all rsons; and ications for an economic of the City of South Bend, SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and it limited to two (2) calendar years from the date of 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 for a period of three (3) years. SECTION III. This Resolution shall be in f adoption by the Common Council and approval A public hearing was held on the Resolution Attorney, 205 W. Jefferson Blvd., made the p that this property is not located in a Econo this project will generate $492,000 in taxes abatement, and it only generates $7,200 per there will be 484 apartments, an office /club force and effect from and after its the Mayor. this time. Timothy Hartzer, entation on the bill. He indicated Revitalization area. He indicated er the next three years, with the r at the present time. He indicated se, swimming pool and a lake, for a