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REGULAR MEETING <br />JUNE 22, 2015 <br />Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of the City of <br />South Bend and Indiana Code 6- 1.1 -12 et seq. <br />SECTION III. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approved by the Mayor. <br />Presenter: Chris Fielding, 14" Floor Dept. of Community Investment — First we would like a two <br />(2) year tax abatement, the total taxes abated are $107,800. On the nine (9) year, it will create 38 <br />new jobs and total taxes to be abated are $945,000. The petitioner is hereto answer any <br />questions that you may have. <br />Petitioner: A.J. Patel, 247 N. Dixie Way, South Bend— President JSK Development, we are <br />excited to do our new hotel in combination with the Hall of Fame. <br />Council President Tim Scott — What will happen to the grid iron out front? Petitioner responded <br />that will remain the same. Chris replied the grid iron will remain open and a visual space, <br />employees and their will have the opportunity to use it three times a year. <br />This being the time heretofore set for the Public Hearing on the above bill, proponents and <br />opponents were given an opportunity to be heard. <br />There being no one present wishing to speak to the Council either in favor of or in opposition to <br />this bill, Councilmember Derek Dieter made a motion to adopt resolution 15-45. Councilmember <br />Karen White seconded the motion which carried and the Resolution was adopted by a roll call vote <br />of nine (9) ayes. <br />Councihmember Karen White made a motion to adopt resolution 15-46. Councilmember Derek <br />Dieter seconded the motion which carried and the Resolution was adopted by a roll call vote of <br />nine (9) ayes. <br />15 -47 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br />RESOLUTION DESIGNATING A CERTAIN AREA WITHIN THE CITY <br />OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS CRESCENT <br />OAKS SECTION THREE AS A RESIDENTIALLY DISTRESSED AREA <br />FOR PURPOSES OF A (5) FIVE YEAR RESIDENTIAL REAL <br />PROPERTY TAX ABATEMENT FOR TAMPICO DEVELOPMENTS, LLC <br />RESOLUTION NO. <br />A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br />RESOLUTION DESIGNATING A CERTAIN AREA WITHIN THE CITY OF <br />SOUTH BEND, INDIANA, COMMONLY KNOWN AS <br />Crescent Oaks, Section Three <br />AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A <br />(5) FIVE -YEAR RESIDENTIAL REAL PROPERTY <br />TAX ABATEMENT FOR <br />Tampico Developments, LLC <br />WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory <br />Resolution designating certain areas within the City as Residentially Distressed Areas for the purpose of <br />tax abatement consideration; and <br />WHEREAS, a Declaratory Resolution designated the area commonly known as: <br />Crescent Oaks, Section Three <br />South Bend, Indiana, and which is more particularly described as follows: <br />32 <br />