Designating Tax Abatement - Kanczuzewski Enterprise LP 2741 N. Foundation Dr. (6 Year Real Property)

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(PROPOSED FORM FOR REAL PROPERTY) TAX ABATEMENT DECLARATION RESOLUTION NO._ I(-,g;� -$'Y 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 2741 N. FOUNDATION DR. AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX YEAR REAL PROPERTY TAX ABATEMENT FOR Kanczuzewski Enterprise Limited Partnership 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 2741 N. Foundation Dr., South Bend, Indiana, and which is more particularly described as follows: Situated in St. Joseph County, in the state of Indiana: A parcel of land in the Southwest Quarter of Section 28, Township 38 North, Range 2, East, St. Joseph County, Indiana, more particularly described as follows: Commencing at the Southeast corner of said Quarter Section; thence South 89 degrees 57 minutes 33 seconds West 171.27 feet along the South line of said Section; thence North 0 degrees 00 minutes 47 seconds East 210.80 feet; thence North 89 degrees 59 minutes 13 seconds West 40.00 feet to the point of beginning of this description; then North 89 degrees 59 minutes 13 seconds West 450.00 feet; thence North 0 degrees 00 minutes 47 seconds East 290.40 feet; thence South 89 degrees 59 minutes 13 seconds East 450.00 feet; thence South 0 degrees 00 minutes 47 seconds West 290.40 feet to the point of beginning. Said parcel being known as Lot 3 -8 Airport Industrial Park Phase III be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et seq. and South Bend Municipal Code section 2 -76 et seq., 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 seg. and South Bend Municipal Code section 2 -76, et seg., 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 fines 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 seq., and qualifies under the provisions of South Bend Municipal Code Section 2 -76 et seq., 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 reasonably 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;