HomeMy WebLinkAboutDesignating Tax Abatement - Koontz-Wagner Electric Co. Inc. 3801 Voorde Dr. (6 Year Real Property)Attest:
RESOLUTION
2986 -01
Passed by the Common Council of the City of South Bend, Indiana
April 9,
2001
Presented by me to the Mayor of the City of South Bend, Indiana
April 10, 20 01
City Clerk
President of Common Council
Approved and signed by me APRIL 11, 2001 .
City Clerk
M.
RESOLUTIONNO.
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
3801 VOORDE DRIVE
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
SIX (6) YEAR REAL PROPERTY
TAX ABATEMENT FOR
KOONTZ- WAGNER ELECTRIC COMPANY, INC.
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 3801 Voorde Drive, South Bend, Indiana, and which is
more particularly described as follows:
A portion of the Southeast Quarter of Section Thirty-three (33), Township Thirty -eight
(38) North, range Two (2) East, in and part of the City of South Bend, St. Joseph County,
Indiana.
and which has Key Number 18 -2184- 693814, be designated as an Economic Revitalization
Area under the provisions of Indiana Code 6 -1.1 -12.1 et se ., and South Bend Municipal Code
Sections 2 -76 et sea., 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 seg., and South Bend Municipal Code Sections 2 -76, et sea., 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 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 sea., 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 set forth as Sections I through II of the Petition for Real Property Tax
Abatement Consideration and that the Statement of Benefits form 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 pursuant to Section 2 -84 of the South Bend Municipal
Code finds the six (6) years is the appropriate and rational time period for this tax abatement in
light of the following:
The petitioner is an 80 year old South Bend based business, currently
employing 294 with an annual payroll in excess of $11,500,000.
The company completed an expansion of their facility in 2000 and has
already more than doubled the 10 new jobs promised in their previous
abatement granted in 1999.
The proximity of the previous project with this project is within two
years and the square footage of each project, when combined, exceed the
requirements for a 6 year abatement.
The Common Council hereby determines that the property owner is qualified for and is granted
property tax deduction for a period of 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.
Member of the Common Cou &il -
PRESENTED'H - 'J`
NOT APPROVED
ADOPTED
Hied In Clerk's Office
APB 0 9 2001
LOPETTAJ. CODA
CRY CLEM 90. BEND, IN.
COMMITTEE REPORT
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
01 -28 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 3801 VOORDE DRIVE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL
PROPERTY TAX ABATEMENT FOR KOONTZ - WAGNER ELECTRIC COMPANY,
INC.
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.
Andrew Udj ak
Chairman
Kelm umn ' e]T1
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
01 -28 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 3801 VOORDE DRIVE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY
TAX ABATEMENT FOR KOONTZ- WAGNER ELECTRIC COMPANY, INC.
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 as substituted from a three
(3) year to a six (6) year.
Andrew Udj A
Chairman