HomeMy WebLinkAbout4722-18 Designating Multifamily Real Property Tax Abatement: Historic Lincoln Way West Homes (Bewery) L.P. RESOLUTION
No. 4722-18
Passed by the Common Council of the City of South Bend, Indiana
July 9, 2018
Attest: City Clerk
Kareemah N. FbWer
Attest' President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
July 9, 2018
City Clerk
Kareemah N. Fowler
Approved and signed by me 20 L B .
MW
United States of America
JlUIL 65 2018
L;, 10 IS)61 4 JI\!TY
Certi* ficate
STATE OF INDIANA, COUNTY OF ST. JOSEPH, ss:
I, Kareemah Fowler, Clerk of the City of South Bend, County of St. Joseph, Indiana, hereby
certify that the attached and foregoing is a full, true, and correct copy of
RESOLUTION 4722-18
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 SOUTH BEND BREWERY
PLACE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR HISTORIC
LINCOLN WAY WEST HOMES, LP
ADOPTED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA,JULY 9, 2018.
PRESENTED TO,APPROVED AND SIGNED BY MAYOR PETE BUTTIGIEG,
JULY 13, 2018.
ATTEST: TIM SCOTT,PRESIDENT OF THE COMMON COUNCIL
ATTEST: KAREEMAH N. FOWLER, CITY CLERK
-RECEIVED-
JUL 2 6 2014
ST.JOSEPH COUNTY
ASSESSOR
the original of which is now on file in the office of the Clerk of the City of South Bend, St. Joseph
County, Indiana.
IN WITNESS WHEREOF, I have hereunto set my hand and a ed the official Sea f the City
boih of South Bend, St. Joseph County, Indiana, this day of I L 20
Kareemah Fowler
Clerk of the City of South Bend
St. Joseph County, Indiana
By:
Deputy
BILL NO. 18-30
RESOLUTION NO. 4722-18
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
SOUTH BEND BREWERY PLACE
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR
Historic Lincoln Way West Homes, LP
WHEREAS, a petition for real property tax abatement consideration 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 1636 Lincoln Way West, South Bend, IN 46628 and which is
more particularly described as:
A part of the North Half of the Northeast Quarter of the Southeast Quarter of Section 3, Township
37 North, Range 2 East, now within and a part of the City of South Bend, which part is bounded
by a line running as follows:
Beginning at the intersection of the East line of College Street with the Southerly line of
Lincolnway West (formerly Michigan Avenue) in the City of South Bend, thence running South
67 1/2 degrees East with the Southerly line of Lincolnway West, a distance of 411.6 feet, more or
less to the-Northwest corner of a tract of land formerly owned by Herman Huffman;thence South
parallel with the East line of said Section 3 to the North line of Rupel Street; thence West with the
North line of Rupel Street to the intersection of said North line of Rupel Street with the East line
of College Street; thence North with said East line of College Street, to the place of beginning,
excepting therefrom the right of way across said tract occupied
by the Indiana, Illinois and Iowa Railway Company, a branch of the New York Central Lines, and
excepting therefrom the following described tract:
Beginning at the intersection of the South line of Lincolnway West (formerly Michigan Avenue)
with the East line of the right of way of the Indiana, Illinois and Iowa Railway Company, a branch
of the New York Central lines,which point is 329.3 feet South 67 1/2 degrees East of the point of
intersection of the East line of College Street with the Southerly line of Lincolnway West, thence
running South 67 1/2 degrees East with the Southerly line of said Lincolnway West a distance of
81.4 feet, more or less,to the Northwest corner of a tract of land conveyed to Herman Hoffman by
Jonathan P. Creed and Lucretia M. Creed, by deed dated December 2, 1896 and recorded in Deed
Record 102, pages 560-1, Recorder's Office of St. Joseph County, Indiana; thence South parallel
with the East line of said Section 3, 173.2 feet, more or less to the North line of Rupel Street,
thence West along the North line of RupeI Street 215.29 feet,more or less to the East line of said
right of way of Indiana, Illinois and Iowa Railway Company, thence Northeasterly along the
Easterly line of said right of way 247 feet, more or less,to the place of beginning.
and which has Key Numbers 018-2018-0536 be designated as an Economic Revitalization Area
under the provisions of Indiana Code 6-1.1-12.1 et SeMc., and South Bend Municipal Code Sections
2-76 et seq., and;
WHEREAS,petitioner has agreed to and has accepted responsibility to report any changes
in the final legal description and to report the final, appropriate Key Number to the Department of
Community Investment and to the Office of the City Clerk; and
WHEREAS,the Department of Community Investment has concluded an investigation and
1
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 sec., and South
Bend Municipal Code Sections 2-76, et sew., 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
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 Investment 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 three (3)
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(10) ten years as shown below.
Year 1 — 100%
Year 2 - 100%
Year 3 - 100%
2
Year 4— 100%
Year 5 — 100%
Year 6—95%
Year 7—95%
Year 8—95%
Year 9—90%
Year 10—90%
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.
Tim Scott,---c i Presi en
South Bend Common ouncil
PRESENTED
NOT, APPROVED 3
1
p-vEr, -1(1 1/�� D
EF k's ice ��TH 2010Gp�y't.1wR 1865 TH REND, IN
CITY OF SOUTHBEND
COMMUNITY INVESTMENT
,JAMES MUELLER, EXECUTIVE DIRECTOR
July 2,2018
Council Member Gavin Ferlic,Chairperson
Community Investment Committee
South Bend Common Council
4th Floor, County City Building
South Bend,IN 46601
RE: Multifamily Real Property Tax Abatement Petition for:Historic Lincoln Way West Homes,L.P.
Dear Council Member Ferlic:
Please find the attached information pertaining to a real property tax abatement petition submitted by
Lincoln Way West Homes,L.P.to renovate a former brewery building located at 1636 Lincoln Way West
Street, South Bend. The building will be converted to a residential structure with 22 apartments and
common spaces for resident use.This petition package includes:
➢ Department of Community Investment's summary report
➢ Petition
➢ Statement of Benefits form
➢ Supporting information.
The report contains the Department's findings relative to the above petition. The petitioner proposes to
renovate the building with estimated cost of$6,404,000. The project meets the qualifications for a (10)
ten-year multifamily property tax abatement and a representative from Historic Lincoln Way West Homes,
L.P.will be available to meet with the Committee on Monday,July 9,2018.
Should you or any of the other Council members have any questions concerning the report, or need
additional information,please feel free to call me at 235-5823.
Since el ,
Danie Buckenmeyer
Director Business Development
DANIELJ.BUCKENTMEYER ALKEYNA ALDRIDGE PAJIELA MEYER Tiff CORCORAN
BUSINESS DEVELOPMENT ENGAGEMENT&ECONOMIC Ehipo mtENT NEIGHBORHOOD DEVELOPMENT PLANNING&CONMRJNITY RESOURCES
EXCELLENCE ACCOUNTABILITY ! INNOVATION INCLUSION EMPOWERMENT
1400S County-City Building 227W.Jefferson Blvd. South Bend,Indiana 46601 p574.235.9371 www.southbendin.gov
EXHIBIT"A"
A pad of the North Half of the Northeast Quarter of the Southeast Quarter of Section 3,Township 37 North,Range 2 East,now within and a part of
the City of South Bend,which part is bounded by a line running as follows:
Beginning at the intersection of the East line of College Street with the Southerly line of Lincolnway West(formerly Michigan Avenue)in the City of
South Bend,thence running South 67112 degrees East with the Southerly line of Lincolnway West,a distance of 411.6 feet,more or less to the-
Northwest comer of a tract of land formerly owned by Herman Huffman;thence South parallel with the East line of said Section 3 to the North line
of Rupel Street;thence West with the North line of Rupel Street to the intersection of said North line of Rupel Street with the East line of College
Street;thence North with said East line of College Street,to the place of beginning,excepting therefrom the right of way across said tract occupied
by the Indiana, Illinois and Iowa Railway Company,a branch of the New York Central Lines,and excepting therefrom the following described tract:
Beginning at the intersection of the South line of Lincolnway West(formerly Michigan Avenue)with the East line of the right of way of the Indiana,
Illinois and Iowa Railway Company,a branch of the New York Central lines,which point is 329.3 feet South 67112 degrees East of the point of
intersection of the East line of College Street with the Southerly line of Lincolnway West,thence running South 67112 degrees East with the
Southerly line of said Lincolnway West a distance of 81.4 feet,more or less,to the Northwest comer of a tract of land conveyed to Herman Hoffman
by Jonathan P.Creed and Lucretia M.Creed,by deed dated December 2,1896 and recorded in Deed Record 102,pages 560-1,Recorder's Office
of St.Joseph County,Indiana;thence South parallel with the East line of said Section 3,173.2 feet,more or less to the North line of Rupel Street,
thence West along the North line of Rupel Street 215.29 feet,more or less to the East line of said right of way of Indiana,Illinois and Iowa Railway
Company,thence Northeasterly along the Easterly line of said right of way 247 feet,more or less,to the place of beginning.
Property Address Reference:1636 Lincolnway West,South Bend,IN 46628
E re Clerk's Mice
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Ft�Afi FpLER'rN$E^RJD
ORT Form 4690 AB-1-16
ScheduleA Page
ALTA Commitment for Title Insurance Ffie Ho.17-36693 3
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