01-13-86 Council Meeting Minutes

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r %L' . REGULAR MEETING JANUARY 13, 1986 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. Beverlie J. Beck Member of the Common Council A public hearing was held on the resolutions at this time. Thomas Brunner, City Attorney, indicated that Enterprise Associates planned to rehabilitate the South Bend Carton Building, located at 903 S. Main. He indicated that the estimated value of this property after completion will be $600,000, and that at least six new full -time jobs will be created. He indicated that Enterprise Associates planned to build a 24,000 square foot multi - purpose industrial building at the site of the former Wooden Keg restaurant. He indicated that after completion the estimated value of this property will be $750,000, and at least ten new jobs will be created. Council Member Zakrzewski made a motion to adopt Resolution No. 1391 -86, seconded by Council Member Voorde. The resolution was adopted by a roll call vote of eight ayes. Council Member Zakrzewski made a motion to adopt Resolution No. 1392 -86, seconded by Council Member Taylor. The resolution was adopted by a roll call vote of eight ayes. RESOLUTION NO. 1393 -86 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 322 -330 EAST COLFAX AVENUE 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 322 -330 East Colfax Avenue, South Bend, Indiana, and which is more particularly described by a line drawn as follows: A part of lot Numbered Twenty -five (25) as shown on the Original Plat of the Town of Lowell and also a part of Miller and Green's First Addition to the Town of Lowell, all now within a part of the City of South Bend bounded by a line running as follows, viz: Beginning at the Southwest corner of Colfax Avenue and Ginz Avenue, which point is on the South line of Colfax Avenue, 256.3 feet West of an iron set South 5 degrees 31 minutes East along the West line of said Ginz Avenue a distance of 274.4 feet; thence West parallel with and 273 feet South of the South line of Colfax Avenue a distance of 167.9 feet; thence North 15 degrees and 6 minutes West a distance of 87.7 feet; thence South 89 degrees and 47 minutes West a distance of 47.25 feet; thence South 0 degrees 56 minutes East 188.2 feet to the South line of Colfax Avenue; thence East 118.48 feet to the place of beginning, 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.