25-03 Reconfirming Resolution - Personal Property Tax Abatement 3820 West Calvert Street

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BILL NO.22-04 RESOLUTION NO.4939-22 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 3820 W CALVERT STREET,SOUTH BEND IN 46613 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A NINE(9)YEAR REAL PROPERTY TAX ABATEMENT FOR GREENLEAF HOLDCO 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 located at 3820 W Calvert Street,South Bend IN 46613,which is more particularly described as: Parcel ID: 018-8112-4237 Parcel Number: 71-08-16-400-004.000-026 Leal Description: SW SE S OF CALVERT ST 40 AC 16 37 2E Parcel ID: 018-1007-0223 Parcel Number: 71-08-16-400-008.000-026 Legal Description:SE SW1/4 N1271', W589', SW1349', E1175'Sec 16-37-2e 20/21 Split 32329 6/28/2019 to 022301 19/20 ANNEX#10625-18 10/26/18 from 017- 1007-0223 and which has Key Numbers 018-8112-4237 and 018-1007-0223 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,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 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 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