08-25-08 Common Council Minutes - Laserfiche WebLink

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REGULAR MEETING AUGUST 25, 2008 I. The products/marketable enterprises which result from operations at the Innovation Park are anticipated to contribute to increased employment opportunities available in the City and surrounding areas, thus leading to improved employment opportunities for the local work force; J. The property is located within the Northeast Neighborhood Development Area, an area within the city that has been targeted by the Common Council for consideration of tax abatement for redevelopment and rehabilitation; K. The Petitioner anticipates that construction of the first building in the Innovation Park could begin as early as fall, 2008, at significant cost as described in the Petitions; and L. The Petitioner is respectfully requesting a Special Exception under the City of South Bend’s Tax Abatement Ordinance, for the Common Council to consider designating the Property as an economic revitalization area and approving real and personal property tax abatements for the Innovation Park. SECTION III. The foregoing facts, taken together, lead the Common Council to conclude that compelling reasons exist to approve a Special Exception to permit further consideration of designating the Property as an economic revitalization area for real and personal property tax abatement consideration, all in accordance with Article 6, Division 9, Section 2-84 of the South Bend Municipal Ordinance and Indiana Code 6-1.1-12.1-1 et seq. SECTION IV. The Common Council hereby approves the Special Exception, for the purpose of permitting the Council to proceed with consideration of the Petition on its merits. SECTION V. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s/Timothy A. Rouse Member of the Common Council RESOLUTION NO. 3900-08 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR UNIVERSITY OF NOTRE DAME DU LAC, INNOVATION PARK AT NOTRE DAME, INC., (“PETITIONER”) 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 within the City of South Bend, Indiana, and which is more particularly described as follows: “Parcel 1: A Parcel of land in the Northwest Quarter of Section 6, Township 37 North, Range 3 East of the Second Principal Meridian, St. Joseph County, Indiana, more particularly described as follows: 22