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REGULAR MEETING JANUARY 26, 2009 <br /> <br /> <br /> <br />Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code <br />6-1.1-12 et seq. <br /> <br />SECTION III. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approved by the Mayor. <br /> <br /> s/Derek D. Dieter <br /> Member of the Common Council <br /> <br /> <br /> <br />Mr. Robert R. Lee, 19410 Edinburgh Drive, South Bend, Indiana, and his son Chuck <br />made the presentation for this bill. <br /> <br />Mr. Lee advised that he is proposing to construct a new retail facility to be leased by C.E. <br />Lee Company, Incorporated. C.E. Lee Company, a retail decorating center, has been <br />established in South Bend since 1872. They sell several different brands of pain, window <br />treatments, and wall coverings. Customers consist of individual homeowners as well as <br />many paint contractors and maintenance accounts. He advised that on April 22, 2008, <br />their retail store at 1728 North Ironwood Drive was destroyed by fire. Mr. Lee noted that <br />his local insurance agent failed to provide accurate replacement cost estimates, and found <br />himself underinsured after the fire. He advised that replacement costs for the building, <br />equipment, and inventory total $687,000. The company has received $485,000 in <br />insurance proceeds and intends to finance the remainder of the project with a loan from <br />st <br />1 Source Bank. The new building will be built on the old site but the size of the <br />building will be doubled to allow for a projected increase in both sales and staff. He <br />stated that the new building will be approximately 6,800 square feet in size and will have <br />two stories; the old building contained approximately 2, 700 square feet all on one level. <br />Mr. Lee noted that the special exception is because the additional cost to rebuild due to <br />being underinsured is $205,000 and the revenue loss resulting from the fire was over <br />$100,000. He noted that they had discussed moving to another location but preferred to <br />stay in South Bend at the present site where they have been a part of the City for 136 <br />years. <br /> <br />A Public Hearing was held on the Resolution at this time. <br /> <br />There being no one present wishing to speak to the Council either in favor of or in <br />opposition to this Resolution, Councilmember Oliver Davis made a motion to adopt this <br />Resolution. Councilmember Rouse seconded the motion which carried and the <br />Resolution was adopted by a roll call vote of nine (9) ayes. <br /> <br /> <br />RESOLUTION NO. 3945-09 A RESOLUTION CONFIRMING THE <br /> ADOPTION OF A DECLARATORY <br /> RESOLUTION DESIGNATING CERTAIN <br /> AREAS WITHIN THE CITY OF SOUTH BEND, <br /> INDIANA, COMMONLY KNOWN AS 719 AND <br /> 725 TURNOCK STREET AS RESIDENTIALLY <br /> DISTRESSED AREAS FOR PURPOSES OF A (5) <br /> FIVE-YEAR RESIDENTIAL REAL PROPERTY <br /> TAX ABATEMENT FOR NORTHEAST <br /> NEIGHBORHOOD REVITALIZATION <br /> ORGANIZATION, INC. & WEISS HOME, INC. <br /> <br />WHEREAS, the Common Council of the City of South Bend, Indiana, has <br />adopted a Declaratory Resolution designating certain areas within the City as <br />Residentially Distressed Areas for the purpose of tax abatement consideration; and <br /> <br />WHEREAS, a Declaratory Resolution designated the area commonly known as <br />719 and 725 Turnock Street , South Bend, Indiana, and which is more particularly <br />described as follows: <br /> 13 <br /> <br />