HomeMy WebLinkAboutDesignating Tax Abatement - Catering by Billie Inc. 117 E. Wayne (3 Year Real Property)RES18gkoUTION
Passed by the Common Council of the City of South Bend, Indiana,
August 13, 90
Ir City Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
August 14, 90
.C' City Clerk
Approved and signed by me_ _ August. 15 __ 19
G__.
Mayor
RESOLUTION NO. /FO-4-
O. 0/ Q- 90
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 117 EAST WAYNE AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF A THREE YEAR REAL PROPERTY
TAX ABATEMENT FOR CATERING BY BILLIE, 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 117 East Wayne, South Bend, Indiana, and which is
more particularly described as follows:
A part of the Northwest Quarter of Section 12, Township 37
North, Range 2 East of the Second Principal Meridian,
Portage Township, City of South Bend, Indiana being a part
of Lots 50, 51, and 52 of original plat of South Bend,
Indiana, more particularly described as follows:
Beginning at the Intersection of westerly right -of -way
line of St. Joseph Street (85' right -of -way) with the
North right -of -way line of Wayne street (82.5'
right -of -way); thence South 89 Degrees 38 Minutes 12
Seconds West (Bearing assumed) along the North
right -of -way line of Wayne Street 148.84 feet; thence
North 00 Degrees 27 Minutes 00 Seconds West, 186.00 feet;
thence North 89 Degrees 39 Minutes 34 Seconds East, 165.61
feet; thence Southewsterly 186.99 feet along a segment of
a curve to the right having a radius of 912.43 feet,
subtended by a chord having a bearing of South 04 Degrees
42 Minutes 19 Seconds West and a length of 186.66 feet to
the Point of Beginning and containing 29,835.05 square
feet (0.6849 acre) more or less and is subject to
easements, restrictions, limitations, and or covenants of
record.
be designated as an Economic Revitalization Area under the
provisions of Indiana Code 6 -1.1- 12.1 -1 et sea. and South Bend
Municipal Code Section 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 -1, et
seq. and South Bend Municipal Code section 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 I.C. 6- 1.1- 12.1 -1 et sea., and qualifies under the provisions of
South Bend Municipal Code Section 2 -76 et sea., for tax abatement.
SECTION II. The Common Council hereby determines and finds
the following:
A. That the estimate of the value of the redevelopment or
rehabilitation is reasonable for projects of this nature;
B. That the estimate of the number of individuals who will
be employed or whose employment will be retained can reasonable be
expected to result from the proposed described redevelopment or
rehabilitation;
C. That the estimate of the annual salaries of those
individuals who will be employed or whose employment will be
retained can be reasonably expected to result from the proposed
redevelopment or rehabilitation;
D. 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
E. That the totality of benefits is sufficient to justify
the deduction, all of which satisfy the requirements of I.C.
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 the benefits identified in the
Statement of Benefits set forth a 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
Section 6 -1.1- 12.1 -3 of the Indiana Code.
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 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 Council acknowledges that retail space No. 1
as depicted on the attached architectural drawing which is attached
hereto and labeled "Exhibit A", is leased by the Redevelopment
Commission to a private entity, and therefore meets the local
retail tax abatement requirements. Retail Space No. 2 as depicted
on "Exhibit All is currently available for leasse by the
Redevelopment Commission to a private entity. Therefore, no action
shall be taken on a Confirmatory Resolution addressing Retail space
No. 2, until an appropriate lease is executed for said location.
SECTION VIII. 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, said publication
providing notice of the public hearing before the Common Council on
the proposed confirming of said declaration.
SECTION IX. 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 on Co
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B. That the estimate of the number of individuals who will
be employed or whose employment will be retained can reasonable be
expected to result from the proposed described redevelopment or
rehabilitation;
C. That the estimate of the annual salaries of those
individuals who will be employed or whose employment will be
retained can be reasonably expected to result from the proposed
redevelopment or rehabilitation;
D. 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
E. That the totality of benefits is sufficient to justify
the deduction, all of which satisfy the requirements of I.C.
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 the benefits identified in the
Statement of Benefits set forth a 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
Section 6 -1.1- 12.1 -3 of the Indiana Code.
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 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, 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.
ml /res:billie2
PRESENTED 5�'/3 -9a
NOT APPROVED
ADOPT: r. $- 6-90,
/Member of the Co Cou
in Clerk's Office
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