10-23-89 Council Meeting Minutes

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57L/ 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 /Ann Puzzello Member of the Common Council A public hearing was held on the resolution at this time. Council Member Luecke stated that the Human Resources and Economic Development Committee met on this bill and stated that the property qualifies as a redevelopment target area and recommends it to the Council favorable. Anthony Fortuna, President Harbor Metal Treating, 802 S. Fellow St., made the presentation on the bill. He indicated that the company plans to expand their facility by adding a 60' x 150' bay to their existing building. The total cost of the expansion will be between $707,000.00 and $950,000.00. Council Member Luecke made a motion to adopt this resolution, seconded by Council Member Niezgodski. The resolution was adopted by a roll call vote of seven ayes. RESOLUTION NO. 1754 -89 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND INDIANA, COMMONLY KNOWN AS 802 SOUTH FELLOW AND ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR HARBOR METAL TREATING OF INDIANA. WHEREAS, a petition for personal 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 the Monroe /Sample Industrial Park, South Bend, Indiana, and which is more particularly described as follows A parcel of land being a part of the plat of E H. Rush's Second Addition, and adjacent vacated alleys, in the City of South Bend, Indiana, and being more particularly described as follows, viz: Beginning at the Northwest corner of Lot 168 as shown on the recorded plat of E. H. Rush's Second Addition; thence North 890 - 55' -29" East, along the North line of said lot 168 and said North line projected, and along the North line of Lot 155 in said Addition, a measured distance of 289.20 feet to the Northeast corner of said Lot 155; thence South Oo -02' -36" East, along the West line of Rush Street as shown on said plat, and said line extended, a measured distance of 50.14 feet to the South line of a 14 foot wide alley lying South of and adjacent to said lots 168 and 155; thence South 890 -56' -02" West, along said South line of said alley a measured distance of 289.15 feet to the East line of Fellows Street as shown on said plat, extended south; thence North Oo -05' -41" West, along said East line of Fellows Street, a measured distance of 50.10 feet to the point of beginning. be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et se g. and South Bend Municipal Code Section 2 -76 et seq., and; WHEREAS, the Department of Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1- 12.1 -1, et seq. and South Bend Municipal Code Section 2 -76, et seq., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization.Area. 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 of Personal Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of I.C. 6 -1.1- 12.1 -1 et seq., and qualifies under the provisions of South Bend Municipal Code Section 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 individuals who will be employed or whose employment will be retained can reasonably be expected