HomeMy WebLinkAboutDesignating Tax Abatement - Rescue, Inc and Hope Housing L.P. 432 LaFayette St. (10 Year Real Property)RESOLUTION
3423 -05
Passed by the Common Council of the City of South Bend, Indiana
February 28,
Uiizml
zo 05
Presented by me to the Mayor of the City of South Bend, Indiana
March 1, 2005
City Clerk
President of Common Council
Approved and signed by me Mnrrh 1, 20 05
City Clerk
RESOLUTION NO. 3 H 2-3 "oS
A RESOLUTION RECONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
432 S. LAFAYETTE STREET
TO BE AN ECONOMIC REVITALIZATION AREA
FOR PURPOSES OF A TEN (10) YEAR
REAL PROPERTY TAX ABATEMENT FOR
RESCUE, INC. AND HOPE HOUSING L.P.
WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory
Resolution designating certain areas within the City as Economic Revitalization Areas for the
purpose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known as 432 S. Lafayette
Street, South Bend, Indiana, and which is more particularly described as follows:
A Part of the Southwest Quarter of Section 12, Township 37 North, Range 2 East, Portage
Township, City of South Bend, St. Joseph County, Indiana, and more particularly described
as; Lots 52, 53 and 54 of Samuel Martin =s Addition
and which has Key Number 18- 3015 -0556, as an Economic Revitalization Area; and
WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the
Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and
WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and
objections from interested persons; and
WHEREAS, the Council has determined that the qualifications for an economic revitalization
area have been met.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
Indiana, as follows:
SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the
area described herein as an Economic Revitalization Area for the purposes of tax abatement.
Such designation is for real property tax abatement only and is limited to two (2) calendar years
from the date of adoption of the Declaratory Resolution by the Common Council.
SECTION II. The Common Council hereby determines that the property owner is qualified for
and is granted real property tax deduction for a period of ten (10) years.
SECTION III. This Resolution shall be in full force and effect from and after its adoption by the
Common Council and approval by the Mayor.
Member of the Common Cod&il
Filed In Clerk's Office
FEB . 4 2005
PzIsho 2_z8 oS
NOT APPROVED
ADOPTED Z -LS-6r
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
05 -11 A RESOLUTION RECONFIRMING THE ADOPTION OF
A DECLARATORY RESOLUTION DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA,
COMMONLY KNOWN AS 432 S. LAFAYETTE STREET
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES
OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT
FOR RESCUE, INC. AND HOPE HOUSING L.P.
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.
Roland Kelly
Chairman
1200 CouNTYr TY B=II4G
227 W. JEFFERSON BOuI.EVARD
SOurH BEND, INDIANA 46601 -1830
PHONE 574/235 -9371
FAx 574/235 -9021
TDD 574/ 235 -5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY & ECONOMIC DEVELOPMENT
February 4, 2005
Council Member Ann Puzzello
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
SHARON T. KENDALL
EXECUTIVE DIRECTOR
RE: Real Property Tax Abatement Designation Extension for:
Rescue, Inc.
Dear Council Member Puzzello:
Please find attached a letter from Steve Arnold, Executive Director of Rescue, Inc., requesting an
extension of the designation period for ten year real property tax abatement granted to Rescue, Inc.
through resolution 93168 -03 on March 10, 2003. The designation period granted to Rescue was two
years and is due to expire in March 2005. The company is requesting a one year extension on the
designation (making the total designation three years) due to a delay in acquiring federal income tax
credits in the original petition. The company has now secured the tax credits to do the renovations on
the building; however without the extension the building will not be eligible for the abatement. The
request falls within the Council guidelines, which allow for a company to request up to a one year
extension for good reason. In addition to Mr. Arnold's letter, I have attached a copy of a revised
Statement of Benefits (Form SB -1) and a copy of the original staff report and petition for your review.
Mr. Arnold will be available to meet with the Committee and answer any questions on Monday,
February 14, 2005.
Should you or any of the other Council members have any questions concerning the request or need
additional information, please feel free to call me at 235 -5825.
SincereI ,
edd S haffer
Economic Development Spe ialist
Attachments
c: South Bend Common Council Members
Mayor Stephen Luecke
Sharon Kendall
Filed in Clerk's Office
FEB - 4 2005
JOHN VOORDE
CITY CLERK, SO. BEND, IN.
Don Inks
COMMUNITY DEVELOPMENT ECONOMIC DEVEiAPMENT FINANCL L & PROGRAM
PAMELA C. METER DONALD E. INKS MANAGEMENT
574/235 -9660 5741235 -9371 ELIiARRT LEONARD
PAx: 5741235 -9697 574/235 -9371