HomeMy WebLinkAboutDesignating Tax Abatement - C.D.T. LLC Southeast Corner of Corby Blvd. & Niles Ave. (3 Year Real Property)Attest
RESOLUTION
NO. 2464 -97
Passed by the Common Council of the City of South Bend, Indiana,
May 27, 97
Clerk
Attest: O President of Common Council.
Presented by me to the Mayor of the City of South Bend,
May 30, _ 97
City Clerk
Approved and signed by me June 2, Ig 97
lid. �1
Mayor
RESOLUTION NO. c2AY— 1
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
SOUTHEAST CORNER OF CORBY BLVD. AND NILES AVENUE
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
THREE (3) YEAR REAL PROPERTY
TAX ABATEMENT FOR
C.D.T., L.L.C.
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 Southeast Corner of Corby Blvd. And Niles Avenue, South
Bend, Indiana, and which is more particularly described as follows:
PARCEL I: A parcel of land located in the Northeast Quarter of the Southwest Quarter of Section
1, Township 37 North, Range 2 East, City of South Bend, St. Joseph County, Indiana, described
as follows: Beginning at a point on the South line of Corby Street, 220.51 feet North 89 °48'27"
East (assumed bearing) of the intersection of the South line of Corby Street and the Easterly line
of Niles Avenue, said point being the Northwest corner of a tract of land conveyed to the City of
South Bend, Indiana by Instrument Number 7803739 recorded March 3, 1978 in the Office of the
St. Joseph County, Recorder; thence South 25 °06'03" East along the Westerly line of said City
of South Bend tract, 149.87 feet; thence North 16'17'47" East, 141.77 feet to the South line of
Corby Street; thence South 89 °49'27" West along said South line of Corby Street, 103.36 feet to
the point of beginning.
PARCEL II: A parcel of land located in the Northwest Quarter of the Southwest Quarter of
section 1, Township 37 North, Range 2 East, City of South Bend, St. Joseph County, Indiana,
described as follows: Beginning at the intersection of the 25 °06'03" East (assumed bearing)
along the Easterly line of Niles Avenue, 242.74 feet; thence North 64 °53'57" East, 200.00 feet to
the Westerly line of a tract of land conveyed to the City of South Bend, Indiana by Instrument
Number 7803739 recorded March 3, 1978 in the office of the St. Joseph County Recorder; thence
North 25 °06'03" West along said Westerly line, 149.87 feet to the South line of Corby Street;
thence South 89 °48'27" West along said South line of Corby Street, 220.51 feet to the point of
beginning.
and has Key Number 18 -5038- 134602 and 18-5038-1343, be designated as an Economic
Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et sea., and South Bend
Municipal Code Sections 2 -76 et sea., and;
WHEREAS, the Department of 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, 4 t5 eL q., 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 Human Resources 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
Human Resources 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 hereby determines that the property owner is qualified fot
and is granted property tax deduction for a period of three (3) years. This tax abatement is
contingent upon a Condominium Association Agreement restricting the use of the townhouses to
owner /occupant residents.
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 Council
H:\HOME\MBEITZIN\WP\TAXABATENABATES97kCDTI.RES
PRESENTED 5 -�'-q7
NOT APPROVED.
ADOPTED 5 ,2 -�47 AS Affl r4'bCL' �7 /�
AUEbJ LE}fV�?iP, AI S{6
RESOLUTION NO.
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
SOUTHEAST CORNER OF CORBY BLVD. AND NILES AVENUE
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
THREE (3) YEAR REAL PROPERTY
TAX ABATEMENT FOR
C.D.T., L.L.C.
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 Southeast Corner of Corby Blvd. And Niles
Avenue, South Bend, Indiana, and which is more particularly described as follows:
PARCEL I: A parcel of land located in the Northeast Quarter of the Southwest
Quarter of Section 1, Township 37 North, Range 2 East, City of South Bend, St.
Joseph County, Indiana, described as follows: Beginning at a point on the South line
of Corby Street, 220.51 feet North 89 °48'27" East (assumed bearing) of the
intersection of the South line of Corby Street and the Easterly line of Niles Avenue,
said point being the Northwest corner of a tract of land conveyed to the City of South
Bend, Indiana by Instrument Number 7803739 recorded March 3, 1978 in the Office
of the St. Joseph County, Recorder; thence South 25 °06'03" East along the Westerly
line of said City of South Bend tract, 149.87 feet; thence North 16 °17'47" East,
141.77 feet to the South line of Corby Street; thence South 89 °49'27" West along
said South line of Corby Street, 103.36 feet to the point of beginning.
PARCEL II: A parcel of land located in the Northwest Quarter of the Southwest Quarter of
section 1, Township 37 North, Range 2 East, City of South Bend, St. Joseph County,
Indiana, described as follows: Beginning at the intersection of the 25 °06'03" East (assumed
bearing) along the Easterly line of Niles Avenue, 242.74 feet; thence North 64 °53157" East,
200.00 feet to the Westerly line of a tract of land conveyed to the City of South Bend,
Indiana by Instrument Number 7803739 recorded March 3, 1978 in the office of the St.
Joseph County Recorder; thence North 25 006'03" West along said Westerly line, 149.87 feet
to the South line of Corby Street; thence South 89 °48'27" West along said South line of
Corby Street, 220.51 feet to the point of beginning.
and has Key Number 18 -5038- 134602 and 18 -5038 -1343 , be designated as an Economic
Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et sea., and South Bend
Municipal Code Sections 2 -76 et sea., and;
WHEREAS, the Department of 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 seq., 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 Human Resources 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
Human Resources 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 Courtci
SECTION VI. The Common Council hereby determines that the property o n�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 case 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 it
H:\HOME\WEITMNWP \TAXABATE WBATES97\CDTI.RES
PA
PRESENTED 5,- 27- 9 7
NOT APPROVED
Piles! >:r::_ :: <: Office
MAR- 17 1957
ADOPTED L