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02-23-09 Common Council Minutes
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02-23-09 Common Council Minutes
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3/18/2009 11:08:43 AM
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REGULAR MEETING FEBRUARY 23, 2009 <br /> <br /> <br /> <br />extended North; also the vacated alley lying West and adjacent to Lots 1, <br />2, 3 and 5 Hosinski’s Subdivision. <br /> <br />PARCEL V: An easement for ingress and egress in, upon and over the <br />following described real estate: Beginning at a point 4-1/2 feet West of the <br />Northeast corner of Lot Thirty (30) in College Grove Addition; thence <br />North on a line parallel to the East line of Lot 30 a distance of 10.00 feet; <br />thence East on a line parallel with the North lines of Lots 29 and 30 a <br />distance of 105.00 feet; thence South on a line parallel to the West lot line <br />of Lot 29 a distance of 10.00 feet to a point on the North line of Lot 29, <br />said point being 37.00 feet East of the Northwest corner of Lot 29; thence <br />West on and along the North line of Lot 29, extended across vacated <br />Johnson Street, and the North line of Lot 30, a distance of 105.00 feet to <br />the point of beginning. <br /> <br /> <br />and which has Key Number 18-2003-0032 presently at this point and time, be designated <br />as an Economic Revitalization Area under the provisions of Indiana Code § 6-1.1-12.1 et <br />seq., and South Bend Municipal Code Sections 2-76 et seq., and; <br /> <br />WHEREAS, the Department of Community and Economic Development has <br />concluded an investigation and prepared a report with information sufficient for the <br />Common Council to determine that the area qualifies as an Economic Revitalization Area <br />under Indiana Code § 6-1.1-12.1, et seq., and South Bend Municipal Code Sections 2-76, <br />et seq., and has further prepared maps and plats showing the boundaries and such other <br />information regarding the area in question as required by law; and <br /> <br />WHEREAS, the Community and Economic Development Committee of the <br />Common Council has reviewed said report and recommended to the Common Council <br />that the area qualifies as an Economic Revitalization Area. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br /> <br />SECTION I. The Common Council hereby determines and finds that the Petition for <br />Real Property Tax Abatement and the Statement of Benefits form completed by the <br />Petitioner meet the requirements of Indiana Code § 6-1.1-12.1 et seq., for tax abatement. <br /> <br />SECTION II. The Common Council hereby determines and finds the following: <br /> <br />A. That the description of the proposed redevelopment or rehabilitation meets <br />the applicable standards for such development; <br /> <br />B. That the estimate of the value of the redevelopment or rehabilitation is <br />reasonable for projects of this nature; <br /> <br />C. That the estimate of the number of individuals who will be employed or <br />whose employment will be retained by the Petitioner can reasonably be <br />expected to result from the proposed described redevelopment or <br />rehabilitation; <br /> <br />D. That the estimate of the annual salaries of those individuals who will be <br />employed or whose employment will be retained by the Petitioner can be <br />reasonably expected to result from the proposed redevelopment or <br />rehabilitation; <br /> <br />E. That the other benefits about which information was requested are benefits <br />that can be reasonably expected to result from the proposed described <br />redevelopment or rehabilitation; and <br /> <br /> 15 <br /> <br />
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