HomeMy WebLinkAbout17-68 Setting Public Hearing for GLC SBDC II Tax Abatement Modification --T-
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CITY OF SOUTH BEND
COMMUNITY INVESTMENT
October 4,2017 Filed in Clerk's Office
Mr.Tim Scott, President OCT 04 2017
South Bend Common Council
0 Floor City-County Building KAREE�SAN,F)VVLER
South Bend,IN 46601 CITY CLERK SOM!THl BEN D. IN
RE:Proposed Amendment to Resolution 4610-17:Tax Abatement for 23464 Adams Rd.
Dear President Scott:
Attached for the Common Council's consideration is a proposed amendment to Resolution 4610-17,a Tax Abatement for 23464
Adams Rd.South Bend,IN 46628,adopted February 13,2017.This Tax Abatement has not been applied and the property has not
yet undergone any development or improvements.
This amendment proposes the reconfiguration of the Tax Abatement from a 9-year tiered abatement to a more aggressive 6-year
100%tax abatement. The latter,more aggressive tax abatement structure was not readily known or implemented when the original
abatement/resolution was approved and adopted. The approval and adoption of this proposed amendment will help to reinvigorate
and accelerate a proposed"spec building"development with a proven partner,Great Lakes Capital,and bring a critical piece of
commercial real estate inventory to the region. This action will be instrumental in driving the immediate(weather permitting)
launch of the project,so that the spec building could be available to potential entrants in the first half of 2018.
Please note that this proposed amendment would take the form of a new confirmatory resolution presented for the Council's
approval following a public hearing on October 23,2017. Also enclosed is a proposed resolution to be adopted on October 9,2017,
to instruct the Clerk to provide public notice of such hearing on October 23,2017. Thank you for your consideration. I,along with
Jeff Smoke representing Great Lakes Capital,will attend the Community Investment Committee and Council meetings on October 9,
2017,and October 23,2017,to address any questions.
Sincerely,
Daniel J.Buckenmeyer
Director of Business Development
Department of Community Investment
EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT
1400S County-City Building 227W.Jefferson Bvld. South Bend,Indiana 46601 p574.235.9371 www.southbendin.gov
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RESOLUTION NO.
A RESOLUTION SETTING A PUBLIC HEARING TO CONSIDER
SUPERSEDING A CONFIRMATORY RESOLUTION AND
MODIFYING AND CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS
23464 Adams Road, South Bend, IN 46628
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A REAL
PROPERTY TAX ABATEMENT FOR
GLC SBDC II, LLC
WHEREAS, on January 9, 2017, the Common Council (the "Common Council")
of the City of South Bend, Indiana (the "City"), adopted Resolution No. 4607-17 (the
"Declaratory Resolution") designating certain areas within the City as Economic
Revitalization Areas for the purpose of tax abatement consideration; and
WHEREAS, the Declaratory Resolution designated the area commonly known as
23464 Adams Road, South Bend, IN 46628 and which is more particularly described as
follows:
Beg 1505' E of Nw cor of Nw 1/4 thence E 1094' thence S 2640' Thence W 563'
thence N 1430' thence 542' thence N 1196' to POB cont 48.30ac+/- Sec 17-
38-2e 16/17 NP#7037 and 7038 11-25-2015 16/17 Split#9196 10-30-2015
15/16 Spli
and which has Key Number 025-1009-0146 be designated as an Economic Revitalization
Area; and
WHEREAS, on February 13, 2017, the Common Council adopted Resolution No.
4610-17(the"Confirmatory Resolution")confirming the Declaratory Resolution following
a public hearing advertised and conducted pursuant to Indiana Code 6-1.1-12.1-2.5; and
WHEREAS, the Common Council wishes to conduct a public hearing for the
purpose of hearing all remonstrances and objections from interested persons concerning
the superseding of the Confirmatory Resolution and the proposed amendment of the tax
abatement schedule that the Common Council approved on January 9, 2017, under the
Declaratory Resolution.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
South Bend, Indiana, as follows:
SECTION I. The Common Council directs the City Clerk to cause notice of the proposed
modification and confirmation of the 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 modification and confirmation of said Declaratory Resolution.
SECTION II. 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 C ,
OCT 04 2017
PRESENTED
KAREEMA111 Fr)VVLER
NOT APPRO'- CITY CLERK,SOUTH�3-c,'t7 1N
61DOPYr"
RESOLUTION NO.
A RESOLUTION SUPERSEDING A CONFIRMATORY RESOLUTION
AND MODIFYING AND CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS
23464 Adams Road, South Bend, IN 46628
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A REAL
PROPERTY TAX ABATEMENT FOR
GLC SBDC II, LLC
WHEREAS, on January 9, 2017, the Common Council (the "Common Council")
of the City of South Bend, Indiana (the "City"), adopted Resolution No. 4607-17 (the
"Declaratory Resolution") designating certain areas within the City as Economic
Revitalization Areas for the purpose of tax abatement consideration; and
WHEREAS, the Declaratory Resolution designated the area commonly known as
23464 Adams Road, South Bend, IN 46628 and which is more particularly described as
follows:
Beg 1505' E of Nw cor of Nw 1/4 thence E 1094' thence S 2640' Thence W 563'
thence N 1430' thence 542' thence N 1196' to POB cont 48.30ac+/- Sec 17-
38-2e 16/17 NP#7037 and 7038 11-25-2015 16/17 Split#9196 10-30-2015
15/16 Sph
and which has Key Number 025-1009-0146 be designated as an Economic Revitalization
Area; and
WHEREAS, on February 13, 2017, the Common Council adopted Resolution No.
4610-17(the"Confirmatory Resolution")confirming the Declaratory Resolution following
a public hearing advertised and conducted pursuant to Indiana Code 6-1.1-12.1-2.5; and
WHEREAS, on October 23, 2017, the Common Council conducted a public
hearing for the purpose of hearing all remonstrances and objections from interested persons
concerning the proposed amendment of the tax abatement schedule that the Common
Council approved on January 9, 2017, under the Declaratory Resolution; and
WHEREAS,the Council has determined to supersede the Confirmatory Resolution
and to modify and confirm the Declaratory Resolution by adopting an amended tax
abatement schedule.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
South Bend, Indiana, as follows:
SECTION 1. Resolution No. 4610-17 dated February 13, 2017, is hereby superseded by
this Resolution.
SECTION II. The Common Council hereby modifies and confirms 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.
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 six (6) years, as
shown by the amended tax abatement schedule attached hereto as Exhibit A, pursuant to
Indiana Code 6-1.1-12.1-17 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 6-1.1-12.1.
SECTION IV. All of the Common Council's findings and determinations under the
Declaratory Resolution remain in full force and effect unless expressly modified by this
Resolution.
SECTION V. Upon the Common Council's adoption of this Resolution, the Common
Council will execute a Memorandum of Agreement (the "Updated MOA") reflecting the
amended tax abatement schedule, which Updated MOA will superseded and replace the
Memorandum of Agreement dated February 13, 2017.
SECTION VI. 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 Cler
I OCT 04 20117 `
PRESENTED CITY CLERK,S0
NOT APPRO`Jft'
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