HomeMy WebLinkAbout4632-17 Reconfirming 121 S. St. Joseph Street as an economic revitalization area for purposes of a nine (9) year real property tax abatement RESOLUTION
No. 4632-17
Passed by the Common Council of the City of South Bend, Indiana
May 8, 20-1-7 .
Attest: _ City Clerk
l
Attest President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
May 9, 20 17
City Clerk
Approved and signed by me 20
RESOLUTION NO. f,I
A RESOLUTION RECONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION 4457-15 DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA,
COMMONLY KNOWN AS
121 South St. Joseph St., South Bend, IN 46601
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A NINE (9) YEAR REAL
PROPERTY TAX ABATEMENT FOR
JSK Development, Inc./Southhold, 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
121 South St. Joseph St., South Bend, IN 46601 and which is more particularly described
as follows:
LOT 38A HALL OF FAME & CHOCOLATE CAFE MINOR SUB AND THE
ORIGINAL TOWN OF SOUTH BEND 1 ST RP RP6363 09-30-08 09/10
and which has Key Numbers 018-3001-0024 be designated as an Economic Revitalization
Area; 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.
WHEREAS, the Council issues a Confirming Resolution confirming the adoption
of a Declaratory Resolution as Resolution No. 4457-15 on June 22, 2015
WHEREAS, the petitioner will not have the project completed within the two
year designation period granted in the Confirming Resolution, which will expire on May
26, 2017.
WHEREAS, the Petitioner has requested an additional period of time to complete
construction of the planned project. The project experienced unforeseen delays in the
design stage which led to an overall delay in the construction timeline.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
South Bend, Indiana, as follows:
SECTION I. The Petitioner acknowledges that they will not have the project completed
within the two year designation period granted in the Confirming Resolution due to the
following:
A. The project experienced unforeseen delays in the design stage, led primarily
by the Department of Community Investment to look at the overall site plan
and building elevation. The results of this additional design time will deliver
a product that both the Developer and City feel is far superior to the original
design and be a tremendous asset for the community for years to come.
The Common Council hereby finds that the extension of the designation is appropriate in
light of the aforementioned reason noted above.
SECTION II. The Common Council hereby reconfirms its Declaratory Resolution and
its Confirming 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 three (3) calendar years from the date of
adoption of the Declaratory Resolution by the Common Council.
SECTION III. The Common Council hereby determines that the property owner is
qualified for and is granted a real property tax deduction for a period of nine (9) years
pursuant to Indiana Code 6-1.1-12.1-17 and further determines that the petition, The
Memorandum of Agreement between the Petitioner and the City of South Bend, and the
Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of the
City of South Bend and Indiana Code 6-1.1-12 et seq.
SECTION IV. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approved by the Mayor.
Member of the Common Council
Filed in Clerk's Office
PRESENTED
APR 2 0 2017
NOT APPROW KAREEMAH FOWLER
r! CITY CLERK,SOUTH BEND,IN
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