01-28-85 Council Meeting Minutes

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REGULAR MEETING JANUARY 28, 1985 SECTION II. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. RESOLUTION NO. 1255 -85 /s/ Beverlie J. Beck Member of the Common Council A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS THE SOUTHWEST CORNER OF MICHIGAN AND WASHINGTON STREETS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, a petition for real property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as The Southwest corner of Michigan and Washington Streets, South Bend, Indiana, and which is more particularly described by a line drawn as follows: All of lots 25 and 26 and the North 28 feet of lot 27 of the original plat of the Town (now City) of South Bend, St. Joseph County, more particularly described as follows: Beginning at the northeast corner of said Lot 25; thence South a distance of 160.20 feet along the west boundary of Michigan Street; thence West a distance of 165.88 feet along a line parallel to a point on the west line of said Lot 27; thence North a distance of 160.20 feet along the west lines of Lots 27, 26 and 25; thence East a distance of 165.88 feet along the north line of Lot 25 to the point of beginning, containing 26,574 square feet (0.61 acres), more or less. be designated as an Economic Revitalization Area under the provisions of Indiana Code 6- 1.1- 12.1 -1, et seq.; and WHEREAS, the Redevelopment Commission 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 has further prepared maps and plats showing the boundaries and such other information as required by law of the area in questions; 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. That 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 real property tax abatement. SECTION II. That this designation shall be limited to five (5) calendar years from the date of the adoption of this resolution by the Common Council. SECTION III. That the Common Council directs the City Clerk to cause notice of the adoption of this resolution to be published, said publication providing notice of the public hearing before the Common Council on said declaration. SECTION IV. This resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Beverlie J. Beck Member of the Common Council A public hearing was held on the resolution at this time. Richard Morgan, attorney, indicated that Teacher's Credit Union intended to build its headquarters on this parcel of land. He indicated the project will create 140 new permanent jobs, and will maintain 75 existing jobs. Council Member Zakrzewski made a motion to adopt Resolution No. 1254 -85, seconded by Council Member Puzzello. The resolution was adopted by a roll call vote of nine ayes. Council Member Zakrzewski made a motion to adopt Resolution No. 1255 -85, seconded by Council Member Taylor. The resolution was adopted by a roll call vote of nine ayes. BILLS, FIRST READING BILL NO. 5 -85 A BILL ANNEXING AND BRINGING WITHIN THE BOUNDARIES OF THE CITY OF SOUTH BEND, INDIANA, CERTAIN REAL ESTATE LOCATED WITHIN PENN TOWNSHIP, ST. JOSEPH COUNTY, INDIANA.