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Home My WebLink AboutDesignating Tax Abatement - Aerolite Industries Inc. 2901 S. Main St. (Real Property) RESOLUTION NO. 1478-87 Passed by the Common Council of the City of South Bend, Indiana, March 9, 19 87 . Attest: /CT h ""-" """ City Clerk i Attest: It L4.t / / _1'rst President of Common Council. Presented by me to the Mayor of the City of South Bend, Indiana March 10, 19 87. -2_� •te-,.-- City Clerk Approved and signed by me l7✓�c \ 0 19 y 7 / / //71,j//�_ Mayor RESOLUTION NO. t 1, �, - A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 2901 South Main Street AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, a petition for real property tax abatement consid- eration has been filed with the Common Council of the City of South Bend , requesting that the area commonly known as 2901 South Main Street , South Rend , Indiana, and which is more particularly described by a line drawn as follows : Lots 84 through 96 , both inclusive Oakside 3rd addition to the City of South Bend be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1 .1-12 .1-1 , et seq. ; and • WHEREAS, the Redevelopment Commission has concluded an in- vestigation 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 has further prepared maps and plats showing the boundaries and such other information as required by law of the area in question; 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 . That 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 designa- ting this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION II. That this designation shall be limited to five (5) calendar years from the date of the adoption of this Resolution by the Common Council . SECTION III. That the Common Council directs the City Clerk to cause notice of the adoption of this resolution to he published , said publication providing notice of the public hearing before the Common Council on said declaration. SECTION IV. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. FS 7 Filed In Clerk's Offic em�ey O t e Common jilt PRESENTED -9- C NOT APPROVED FEB 4 190 ADOPTED 3- ?-87 IRENE GAMMON CITY CLERK, SO. BEND, IN. REAL PROPERTY 3/85 CITY OF SOUTH BEND PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the City of South Bend , hereby petitions the Common Council of the City of South Bend for real property tax abatement consideration and pursuant to IC 6-1.1-12.1-1, et seq. , and South Bend Ordinance No. 7428-85, for his petition he states the following: (1) (a) The real property for which tax abatement consideration is petitioned (Property) is owned or to be owned by the following individuals or corporations ( if the business organization is publicly held, indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission) : NAME ADDRESS INTEREST Aerolite ! . . • � = =s_ (b) A brief description of the overall nature of the business and of the operations occurring at the Property: Mannfantin'ing truck bodies and tiuLA Liallers (2) The following other persons lease , intend to lease , or have an option to buy the Property (include corporate information as required in (1) above , if applicable) : NAME ADDRESS INTEREST (3) The commonly known address of the real Property is : 2901 S. Main St . , South Bend, IN 46614 (4) attached hereto, marked Property edExhibit "A" , and incorporated herein. (5) A map designating the Property is attached hereto, marked Exhibit "B" , and incorporated herein. (6) The last assessment of the value of the improvements on the Property occurred on Tinknnwn and is in the amount of (7) The current use of the Property is Vacant , and the current zoning is (use) and (height and area) . (8) Photographs of the Property, taken within two (2) weeks of filing of this petition, are attached hereto, marked Exhibit "C" , and incorporated herein. (9) List the real and personal property taxes paid at the location during the previous five years, whether paid by the current owner or a previous owner: REAL PERSONAL YEAR PROPERTY TAXES PROPERTY TAXES 1981-82 17,473 -0- 1982-83 18, 368 -0- 1983-84 17, 233 -0- 1984-85 17, 841 -0- 1985-86 18, 321 -0- (10) Describe the commitment made within the past five years by your firm to hiring minority individuals, including number of minorities employed during each of the past five years , specifying whether fulltime or part-time and whether permanent or temporary employees. #MINORITIES FULLTIME or PERMANENT or YEAR HIRED PARTTIME TEMPORARY New Corporation (11) What is your best estimate of the after-rehabilitation market value of the Property? $ 000, 000.00 (12) What is your best estimate of the amount of taxes to be abated during each of the first five years after rehabilitation? $ 18,000.00 (13) What is the commitment your firm makes to minority employment during the first five years of tax abatement? We will provide equal employment opportunities to all persons and commit to minority emplovment a 20% priority factor on applicants of equal skill . -2- (14) Describe the proposed project, including information about physical improvements to be made, an estimate of the cost of the project, the amount of land to be used , the proposed use of the improvements, and a general statement as to the value of the project to your business. We will manufacture truck bodies and highway trailers. The equipment is primarily metal working equipment and specialized cutting, forming and riveting lines. Land use area 159, 000 sa . ft. factory. 3.400 sa . ft . office. All essential to commencement of operations. (15) The project will create : 60 new, permanent fulltime jobs , representing a new annual payroll of $950, 000.00 . and will maintain -0- existing permanent fulltime and -0- existing permanent parttime jobs with an annual-payroll of $ N/A (16) No building permit has been issued for construction on the Property in connection with the improvement in question as of the date of filing of this petition. The signature below is verification of this statement. (17) The Standard Industrial Classification Manual major group within which the proposed project would be classified , by number and description: sic 37. Manufacture Truck bodies. trailers • (18) The Property is located in the following Allocation Area declared and confirmed by the South Bend Redevelopment Commission: None (19) Other anticipated public financing for the project ( including , if any, industrial revenue bonding to be sought or already authorized , assistance through the United States Department of Housing and Urban Development funds from the City of South Bend , Small Business Association Section 503 financing through the Business Development Corporation of South Bend , Mishawaka, and St. Joseph County, Indiana; or other public financial assistance) : None at present but we plan to seek Municipal , State or Federal funds for modernization and expansion • -3- (20) Describe how the Property has become undesirable for or impossible of normal development and occupancy because of lack of development, cessation of growth, deterioration of improvements or character of occupancy, age , obsolescence, substandard buildings, or other factors which have impaired values and prevent a normal development of the property or property use : , Roof and outer walls need to be replaced. Heating and plumbing are totally obsolete and substandard. Pneumatic and electrical needs repair and renovation. (21 ) The following person(s) should be contacted as our agent regarding public hearing notifications : Name : James H. Hudnut Address : 24100 Southfield City, State, Zip: ,Southfield, MT 4R075-7.819 Telephone : ( 313 ) 569-7760 WHEREFORE, petitioner requests that the Common Council of the City of South Bend , Indiana, adopt a declaratory resolution designating the area described herein to be an economic revitaliza- tion area for purposes of real property tax abatement consideration, and after publication of notice and public hearing , determine qualifications for an economic revitalization area have been met, and confirm such resolution. PROPERTY 0 1ER ,, Signed : ,� '{ es H. Hudnut, Sec 'y - Treas. NAME ( PED OR PRINTED) STATE OF /V ' ) COUNTY OF t. ASS Subscribed and sworn to before me, a Notary Public , in and for said County and State, this 16 day of Februnrcj , 19�7 . Notary Pub ic, residing in i4aoom 6 Ouv^ My Commission Expires : hi t L ' i utfr\ D/25 -4-