09-22-08 Common Council Minutes - Laserfiche WebLink

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REGULAR MEETING SEPTEMBER 22, 2008 Number 0537239 in said Recorder's Office and to the POINT OF BEGINNING of this description; thence along the easterly and northerly lines of said parcel number 3 the following 5 courses and distances: 1) North 15°03'52” West, 80.12 feet; 2) North 09°12'15” West, 142.01 feet; 3) North 00°09'24” West, 106.80 feet; 4) North 21°13'12” East, 64.63 feet; 5) North 89°10'21” East, 182.11 feet to the west boundary of vacated Ivy Road; thence South 00°46'11” East, 250.94 feet along said vacated Ivy Road to the northerly corner of the aforementioned parcel conveyed to the State of Indiana for right-of-way purposes; thence South 31°35'38” West, 27.44 feet along the northwesterly line of said parcel; thence South 53°08'24” West, 188.28 feet along the northwesterly line of said parcel to the point of beginning, and containing 1.490 acres more or less, and which has Key Numbers 17-1017-0406 and 18-5102-3579, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrance’s and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: 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 personal property tax abatement and is limited to ten (10) 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 and future tenants located within the economic revitalization area are qualified for and granted personal property tax deductions for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et seq.; provided however, that neither the Petitioner nor any tenants may receive an economic revitalization area deduction if it receives an enterprise zone investment deduction under I.C. 6-1.1-45 for the same property. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. s/Timothy A. Rouse Member of the Common Council Councilmember Dieter, Chairperson, Community and Economic Development Committee, reported that this committee held a Public Hearing on these bills this afternoon and voted to send them to the full Council with a favorable recommendation. Mr. Richard Deahl, Barnes & Thornburg, 100 N. Michigan Street, South Bend, Indiana, made the presentation for these bills. Mr. Deahl advised that he is here tonight with Mr. David Brenner, Director, Innovation Park, and Mr. Rich Belis, Director of Treasury Services for Notre Dame, to request the 22