HomeMy WebLinkAboutDesignating Tax Abatement - Vacant land immediately behind 2630 Prairie Ave - Prairie Apartments Housing Partners II, LPRES®LUTI®N
3996-09
Passed by the Common Council of the City of South Bend, Indiana
October 26, 09
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Attest:
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City Clerk
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
October 27,
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20 09
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Approved and signed by me October 28, 20 09
City Clerk
RESOLUTION NO. 3 `C ~( ~o'~~
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
VACANT LAND IMMEDIATELY BEHIND 2630 PRAIRIE AVENUE
(PRAIRIE APARTMENTS -PHASE II)
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN
(10) TEN-YEAR REAL PROPERTY
TAX ABATEMENT FOR
PRAIRIE APARTMENTS HOUSING PARTNERS II, L.P.
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 Vacant Land Immediately Behind 2630 Prairie Avenue (Prairie
Apartments -Phase II), South Bend, Indiana, and which is more particularly described as
follows:
Outlot B Hollingsworth Prairie Avenue, Minor Subdivision, Instr. #0654912
and which has Key Number 018-8153-5514.05 at this point and time, be designated as an
Economic Revitalization Area under the provisions of Indiana Code § 6-1.1-12.1 et se,~c ., and
South Bend Municipal Code Sections 2-76 et sec ., and;
WHEREAS, the Department of Community and 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 seg., and South Bend Municipal Code Sections 2-76, et sec ., 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 Community 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 sec ., 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 as set forth in Sections 1 through 3 of the Petition for Real Property Tax
Abatement Consideration, the Memorandum of Agreement between the Petitioner and the City
of South Bend, and that the Statement of Benefits form completed by the petitioner, said form
being 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
Community 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 for
and is granted property tax deduction for a period of (10) ten 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 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
PKESENTEU ~, ~~ z'~-~`1
NOT. ~+PPROVED
ADOPTED ~'~j-L~''0~
OCT ~ 5 2009
~lONt1 VOORQE
CITY CLE'HK, S0.6EM0,1'd.
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee ofi the Whole, to whom was referred:
BILL NO.
09-69 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 VACANT LAND IMMEDIATELY
BEHIND 2630 PRAIRIE AVENUE, PRAIRIE APARTMENTS-
PHASE II, AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A (10) TEN-YEAR REAL PROPERTY TAX
ABATEMENT FOR PRAIRIE APARTMENTS HOUSING
PARTNERS II, L.P.
Respectfully report that they have examined the matter and that in their opinion,
this bill is being recommended to the full Council with a favorable
recommendation.
Ann Puzzello
Chairperson, Committee of the Whole