HomeMy WebLinkAboutTransfer of Real Property Tax Abatement for: SBG Realty, LLC to Somaschini Realty, LLCAttes
RESOLUTION
No. 4585 -16
Passed by the Common Council of the City of South Bend, Indiana
Auqust 8, 20-1-6
Presented by me to the Mayor of the City of South Bend, Indiana
'August 9, 20 16
City Clerk
ident of Common Council
Approved and signed by me �� ^��� 20-.L6
City Clerk
227 W. JEFFERSON BOULEVARD
SUITE 1400 S.
SOUTH BEND, IN 46601 -1830
August 5, 2016
CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR
COMMUNITY INVESTMENT
Council Member Gavin Ferlic, Chairperson
Community Investment Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
PHONE: 574/235 -9371
FAx:574/235 -9021
RE: Transfer of Real Properly Tax Abatement for: SSG Realty, LLC to Somaschini
Realty, LLC
Dear Council Member Ferlic:
On January 24, 2011, Resolution No. 4075 -11 was adopted, designating 3849 Showerlux
Drive, South Bend, IN 46628 as an Economic Revitalization Area for purposes of an
eight (8) year real property tax abatement. Somaschini Realty, LLC has since taken full
ownership of SBG Realty, LLC, dissolved the original partnership, and kindly requests
the existing eight (8) year real property tax abatement be transferred soley to Somaschini
Realty, LLC. Upon transfer, Somaschini Realty, LLC agrees to and assumes all of the
previously approved targets regarding, private investment, job creation, etc.
Should you or any of the other Council members have any questions concerning the
report, or need additional information, please feel free to call me at 235 -5823.
Sincerely,
,4 14.e�
Aaron Kobb
Director of Economic Resources
Filed in Clerk's Office
AUG 0 5 2016
KAREEMAh FOWLER
CITY CLERK, SOUTH BEND, IN
i 1 : 36AM
PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES
TIM CORCORAN PAMELA C. MEYER BRIAN PAWLOWSKI AARON KOBB
i
RESOLUTION NO.
A RESOLUTION RECONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION NO 4075 -11 DESIGNATING CERTAIN AREAS WITHIN THE
CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3849 SHOWERLUX DRIVE, SOUTH BEND, IN 46628
AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN
EIGHT (8) YEAR REAL PROPERTY TAX ABATEMENT AND CHANGING
OWNERSHIP FROM SBG REALTY, LLC TO
SOMASCHINI REALTY, LLC
WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a
Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas
for the purpose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known as 3849
Showerlux Drivem South Bend, IN 46628 and which is more particularly described as follows:
This real estate is commonly described as: vacant land North of and adjacent to 4701
Nimtz Parkway, said property having frontage on Showerlux Drive, South Bend,
Indiana 46628 and is legally described as follows: that part of the Southeast Quarter
of Section 20 and the Southwest quarter of Section 21, both in Township 38 North,
Range 2 East, German Township, City of South Bend, St. Joseph County, Indiana
which is described as: Lot # l0A as shown on the plat of "H. G. Baus Centre -Phase
One First Replat" subdivision recorded by Document No. 0746267 in the records in
the Office of the Recorder of St. Joseph County, Indiana. Containing 5.54 acres more
or less. Subject to all legal highways, easements and restrictions of record,
and which has Key Number 025- 1010 - 036101, as an Economic Revitalization Area; and
WHEREAS, petitioner has agreed to and has accepted responsibility to report any changes in
the final legal description and to report the final, appropriate Key Number to the Department of
Community Investment and to the Office of the City Clerk; and
WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before
the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and
WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances
and objections from interested persons; and
WHEREAS, the Council has determined that the qualifications for an economic revitalization
area have been met.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South
Bend, Indiana, as follows:
SECTION I. The Common Council hereby reconfirms its Declaratory Resolution designating the
area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such
designation is for real property tax abatement only and is limited to two (2) calendar years from the
date of adoption of the Declaratory Resolution by the Common Council. The Common Council
hereby confirms that Somaschini Realty, LLC may assume the tax abatement previously granted to
SBG Realty, LLC.
SECTION II. The Common Council hereby determines that the property owner is qualified for and
is granted a real property tax deduction for a period of eight (8) years, and further determines that the
petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and
Indiana Code 6- 1.1 -12 et se.
SECTION III. This Reconfirming Resolution references Confirming Resolution No. 4075 -11.
Somaschini Realty, LLC hereby assumes the approved tax abatement granted to SBG Realty, LLC
for property located at 3849 Showerlux Drive, South Bend, IN 46628 and with it, all targets
associated with the original petition for incentives regarding private investment and j ob creation and
retention.
SECTION IV. This Resolution shall be in full force and
Common Council and approved by the Mayor.
SBDS02 RJD 308755v1
A02SENTED --b' $l l ko
n,Atovrr
r OM to
after its adoption by the
Council
Filed in Clerk's Office
AUG 0 5 2016
IAREEMAH FOWLER
CITY CLERK, SOUTH BEND, IN
11: 36 AM