HomeMy WebLinkAboutDesignating Tax Abatement - Ceol Mor Properties LLC 1047 Lincoln Way East (3 Yr. Real Property)Attest:
RESOLUTION
4269 -13
Passed by the Common Council of the City of South Bend, Indiana
July 22, 13
20
Presented by me to the Mayor of the City of South Bend, Indiana
July 23, 20 13
City Clerk
President of Common Council
Approved and signed by me 3-(/ C % Z q 20 3
City Clerk
RESOLUTION NO. '� L- — ( 3
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
1047 Lincoln Way East
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR
CEOL MOR PROPERTIES, 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 located at 1047 Lincoln Way East which is more particularly described as:
Parcel 1 : Lots G Two (G -2), F Two (F -2) and E Two (E -2) as shown on the recorded Plat of
Wenger and
Krieghbaum's Vistula Avenue Addition, more fully described as beginning on the West edge of
the -St. Joseph River on the line between lots "G -2" and "H -2" as shown on the recorded Plat of
Wenger and Krieghbaum's Vistula Avenue Addition: thence Southwest on the line between said
"Lots "G -2" and "H -2" to Lincoln Way East; thence Northwest on the Easterly line of Lincoln Way
East 136.7 feet; thence Northeast parallel to the line between said Lots "G -2" and "H -2" 30 feet;
thence Northwest parallel to Lincoln Way East 50 feet; thence Northeast parallel to the line
between said Lots "G -2" and "H -2 ", to the St. Joseph River, thence Southeast along said river to
the place of beginning.
Parcel Ik Lots H Two (H -2) and I Two (1 -2) as shown on the recorded Plat of Wenger and
Krieghbaum's Vistula Avenue Addition to the City of South Bend recorded November 17, 1908 in
Plat Book 9, page 100 in the Office of the Recorder of Saint Joseph County, Indiana.
And which has Key Numbers 018- 7017 -0684, 018- 7017 -0682; and 018 - 7017 -0680
presently at this point in time, 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 sew., and South Bend Municipal Code Sections 2 -76, et secs., 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
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 three (3) 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.
RESENYE f —LL— l3
WE 1111!1
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Red in Office
Cif CLERK t� Ca IN
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
13 -48 A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS
WITH THE CITY OF SOUTH BEND, INDIANA,
COMMONLY KNOWN AS 1047 LINCOLNWAY EAST AN
ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT
FOR CEOL MOR PROPERTIES
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.
This bill was heard by the Community Investment Committee.
Karen L. White
Chairperson, Committee of the Whole