HomeMy WebLinkAboutDesignating Tax Abatement - 6 Year Real Property Olive Cleveland Partners, LLCRESOLUTION
4017-10
Passed by the Common Council of the City of South Bend, Indiana
March 8,
Attest:
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City Clerk
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
March 9, 2010
Approved and signed by me
March 9,
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City Cler~
RESOLUTION NO. 1° l ? - l ~
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN
THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
LOTS NO. 14 & 15 ON VORDEN PARKWAY ADJACENT TO 3751
OLIVE ROAD
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF UP TO
A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR
OLIVE CLEVELAND PARTNERS, LLC
WHEREAS, a petition for real property tax abatement has been filed with the City
Clerk for consideration by the Common Council of the City of South Bend, Indiana
requesting that the area commonly known as Lots No. 14 & 15 on Vorden Parkway
adjacent to 3751 Olive Road, South Bend, Indiana, and which is more particularly
described as follows:
Lots 14 & 15 B W Business Park Major Sub 02-03 New Replat 401 3-16-2001
and which has Key Numbers 031-1036-0590.12 (Lot No.14) and 031-1036-0590.13 (Lot
No.15), be designated as an Economic Revitalization Area under the provisions of
Indiana Code § 6-1.1-12.1 et sec ., and South Bend Municipal Code Sections 2-76 et seq.,
and;
WHEREAS, the Department of Community and Economic Development 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 seq., and has further prepared maps and plats showing the boundaries and such other
information regarding the area in question as required bylaw; and
WHEREAS, the Community and Economic Development 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 sec ., 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
F. That the totality of benefits is sufficient to justify the requested deduction,
all of which satisfy the requirements of Indiana Code § 6-1.1-12.1-3.
SECTION III. The Common Council hereby determines and finds that the proposed
described redevelopment or rehabilitation can be reasonably expected to yield benefits
identified in the Statement of Benefits, Sections 1 through 3 of the Petition for Real
Property Tax Abatement Consideration and the Memorandum of Agreement between the
Petitioner and the City of South Bend, and that the Statement of Benefits form completed
by the petitioner, said form being prescribed by the State Board of Accounts, are
sufficient to justify the deduction granted under Indiana Code § 6-1.1-12.1-3.
SECTION IV. The Common Council hereby accepts the report and recommendation of
the Community and Economic Development Committee that the area herein described be
designated as an Economic Revitalization Area and hereby adopts a Resolution
designating this area as an Economic Revitalization Area for purposes of real property
tax abatement.
SECTION V. The designation as an Economic Revitalization Area shall be limited to
two (2) calendar years from the date of the adoption of this Resolution by the Common
Council.
SECTION VI. The Common Council hereby determines that the property owner is
qualified for and is granted property tax deduction for a period of up to six (6) years.
SECTION VII. The Common Council directs the City Clerk to cause notice of the
adoption of this Declaratory Resolution for Real Property Tax Abatement to be published
pursuant to Indiana Code § 5-3-1 and Indiana Code § 6-1.1-12.1-2.5, said publication
providing notice of the public hearing before the Common Council on the proposed
confirming of said declaration.
SECTION VIII. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approval by the Mayor.
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Member of the Common Council
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TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
10-11 A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA,
COMMONLY KNOWN AS LOTS NO. 14 & 15 ON VORDEN
PARKWAY ADJACENT TO 3751 OLIVE ROAD AN
ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
UP TO A SIX (6) YEAR REAL PROPERTY TAX
ABATEMENT FOR OLIVE CLEVELAND PARTNERS, LLC
Respectfully report that they have examined the matter and that in their opinion,
this bill is being recommended to the full Council with a favorable
recommendation.
Ann Puzzello
Chairperson, Committee of the Whole