Designating Tax Abatement - G.D. & A.M. McDaniel dba McDaniel's Harley -Davidson 1910 Lincoln Way East (6 Year Real Property)

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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 (66) years is the appropriate and rational time period for this tax abatement in light of the following: The petitioner is a long standing family owned South Bend based business. During the due diligence portion of this project, several new sites were considered including Grape Road in Mishawaka, however the company would like to remain a South Bend based business. The company experienced a great deal of economic hardship during the construction of the Ironwood underpass. Many delays in completion of the project left access to and from the business difficult and sometimes nearly impossible. The company enjoys a good relationship with the City of South Bend by providing the City Police Department with one new motorcycle free of charge each year. Additionally, the company trades in the City's other motorcycles straight up for new bikes on a semi - annual basis. 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