11-25-13 Common Council Meeting Minutes

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REGULAR MEETING NOVEMBER 25,2013 of vacated Victoria Street as shown in said Addition; also, the whole of vacated Lafayette Street lying between Ewing Avenue and Fairview Avenue in said Addition, excepting the West half of that part of Lafayette Street which lies East of Lot Numbered 3 and the North half of the vacated alley lying South of said Lot No. 3; the whole property herein considered being bounded by a line running as follows: Beginning at the North-west corner of Section 24, Township No. 37 North, Range No. 2 East; thence running South 1009 feet, thence East 384.7 feet to the West line of the right of way of the Vandalia Railway; thence North with the said right of way 1009 feet to the North line of said Section No. 24; thence West 383 feet to the place of beginning, excepting therefrom such part of said real estate as is now occupied by Ewing Avenue and Fairview Avenue in said city, excepting also a strip of land 7 feet in width, East and West, taken off from the entire length of the West side thereof, heretofore conveyed as the East half of a public alley and excepting also the following: Beginning at a point on the present South line of Ewing Avenue 7 feet East of the West line of said Section No. 24; thence running East 149 1/4 feet to the center of vacated Lafayette Street; thence South 107 feet to a point in line with the centerline of the alley lying between Lots 1,2,3 and 9 in said Stover-Longley Addition; thence West 149 3/4 feet to the East line of said Stover-Longley Addition; thence North 107 feet to the place of beginning. and which has Key Number 71-08-24-101-003.000-026, be designated as an Economic Revitalization Area under the provisions of Indiana Code § 6-1.1-12.1 et seq., and South Bend Municipal Code Sections 2-76 et seq., and; WHEREAS, the Department of Community Investment 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, et seq., and South Bend Municipal Code Sections 2-76, et sec., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community Investment 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. The Common Council hereby determines and finds that the Petition for Real Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of Indiana Code § 6-1.1-12.1 et seq., for tax abatement. SECTION II. The Common Council hereby determines and finds the following: A. That the description of the proposed redevelopment or rehabilitation meets the applicable standards for such development; B. That the estimate of the value of the redevelopment or rehabilitation is reasonable for projects of this nature; C. That the estimate of the number of individuals who will be employed or whose employment will be retained by the Petitioner can reasonably be expected to result from the proposed described redevelopment or rehabilitation; D. That the estimate of the annual salaries of those individuals who will be employed or whose employment will be retained by the Petitioner can be reasonably expected to result from the proposed redevelopment or rehabilitation; E. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment or rehabilitation; and 26