HomeMy WebLinkAbout6C(1)~ cC~)
RESOLUTION NO. 2841
A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6- l . l -12.1-2(1) provides that an application for property tax deduction may
not be approved when the property is located in an allocation area as defined in I.C. 36-7-14-39,
unless the Redevelopment Commission which designated that allocation area adopts a resolution
approving that application; and
WHEREAS, the South Bend Common Council has received a petition for (5) five years of personal
property tax abatement consideration from South Bend Gear, LLC, for personal property located at
3849 Showerlux Drive in the Airport Economic Development Area, the legal description of which is
attached hereto, marked Exhibit "A" and incorporated herein; and
WHEREAS, this Commission declared the Airport Economic Development Area by
Resolution No. 919, adopted February 23, 1990, and in the same resolution declared the Airport
Economic Development Allocation Area, Allocation Area No. l; and
WHEREAS, the property located at 3849 Showerlux Drive is located within the Airport Economic
Development Allocation Area, Allocation Area No. 1.
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission
as follows:
1) The Commission finds that the application from South Bend Gear, LLC, for (5) five years
of personal property tax abatement consideration for property located at 3849 Showerlux Drive in the
Airport Economic Development Allocation Area, Allocation Area No. 1, should be and is hereby
approved.
2) That a copy of this resolution be forwarded to the South Bend Common Council to
indicate the Commission's approval of the petition for personal property tax abatement for South
Bend Gear, LLC.
Approved this 8`h day of February, 2011, at the regularly scheduled meeting of the South
Bend Redevelopment Commission.
SOUTH BF,ND REDEVELOPMENT COMMISSION
ATTEST:
EXHIBIT A
LEGAL DESCRIPTION
Description: 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,
Tax Key No.: 71-03-21-300-001.000-009
Address: 3849 Showerlux Drive
South Bend, IN 46628
1200 COUNTY-CITY BUILDING
227 W. JEFFERSON BOULEVARD
SOUTH BEND, INDIANA 46601-1830
PHONE 574/235-9371
FAx 574/235-9021
CCIY OF SOUTH BEND STEPHEN J. LUECKF., MAYOR
COMMUNITY HL ECONOMIC DEVELOPMENT
JEFFREY V. GIBNEY
EXECUTIVE DIRECTOR
TAX ABATEMENT REPOR T
TO: SO[JTH BEND RF_,DF,VELOPMENT COMMISSION
FROM: BOB MATHIA ~'~,~~
Si1B.IECT: PF,RSONAL PROPERTY TAX ABAI~F,MF,NT PETITION FOR:
SOUTH BEND GEAR, 1.LC
DATE: January 31, 2011
On January 28, 2011, a petition for personal property tax abatement consideration for property located at
3849 Showerlux Drive was filed with the City Clerk by South Bend, Gear, LLC. Pursuant to Chapter 2,
Article 6, Section 2-84.2 of the Municipal Code of the City of South Bend, this petition was referred to the
Department of Community and Economic Development for purposes of investigation and preparation of a
report determining whether the area qualifies as an Economic Revitalization Area pursuant to
I.C.6-1.1-12.1 and whether all zoning requirements have been met.
The Department of Community and Economic Development has reviewed the petition, investigated the
area, and makes the following report.
PROJECT SUMMARY
South Bend Gear, LLC is a start up company that will produce engine gears for the heavy duty truck
market in North America. The project will acquire several pieces of turning, gear cutting and gear
finishing equipment as well as robots and automation equipment. Under a separate project a building is
being constructed to house the new company. The personal property project will be implemented in two
phases over a two year period beginning with installation of an initial group of machines during July, 201 1
with final installation of machinery by February, 2013.
The estimated cost of the two phase project is $15,600,000. Total taxes to be abated during the (5) five-
year abatement period are estimated at $678,507. Total taxes to be paid during the (5) five-year abatement
period are estimated at $617,395.
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL BL PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT
574/235-9660 574/235-9371 ELIZABETH LEONARD
EAX: 574/235-9469 574/235-9371
South Bend Redevelopment Commission
RE: Tax Abatement for South Bend Gear, LLC
January 31, 20l 1
Page 2
F,MPLOYMENT IMPACT
Per the petition, it is estimated that the total project will create at least twelve (12) new, permanent, full-
time jobs in the first year of production representing a new annual payroll of at least $550,000. The
petitioner has estimated that there will be a total of 26 full time jobs by the end of phase two. Because the
project is new there are no existing jobs.
ABATEMENT QUALIFICATION
A review of the tax abatements previously granted finds that the petitioner has not been granted or
been associated with any previous tax abatements.
The Building Commissioner has reviewed the petition and finds the property to be properly zoned
for the proposed project.
A review of the South Bend Redevelopment designation areas finds that the property is located in
the Airport Economic Development Area, which is a Tax Incremental Allocation Area; therefore,
the petition for personal property tax deduction must first be approved by the South Bend
Redevelopment Commission.
4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the
qualifications fora (5) five-year personal property tax abatement under section 2-84.2, Tangible
Personal Property Tax Abatement.
0 0 ~ 0 000 0 o CD M
O
M O ~ M N ~
O
N
~ ~ G
O
} ~ ~ r V p
O
a I~ ~ (O ~ N
~n .- v
O O M M ~~ 0~ M~ M
00 V M h 03 f~ N O f~ 00
lfJ lt7 ~ 1~ Q OD ~ ~ l(') ~
r- N N N N ~--
r o o ~ X 0 0 0 O o l1') O l17 O~ V O~~ O N V l1') M
r lf) O~ ~ O O O N O O O t~ ~ Z~ (0 O O O N
~ ~t V O N O O O N M M CO N 00 lL op N M~
~ } N O N ~ 0 000 O N M ONO 0 ~ ~
~ ~
a O M N ~ 0
0
~ N N r ~ ~--
r ~ ~ ~
M
0 o M M O O O O o V' O
l!') O O O O N O
~ GO } N 0 0 0 N CO
O 00 N
~
N CO V M
~
a u? _ v_ ~
M 0 M
wL''
rW
V^^
i..
MW
W
0
p 0 0 0 o N N O O O O o N O
*
O O O
O 0 0~
CO 00 O ~
N O O
O O O
O N
M O
00
~
~ ~
O O
O }
~ O CO N ~ N
00
~ (
p a M V N V
U
o a;~ ~
~
~
G M
O O N o o ~ X 0 0 0 0 o O O
F_ ~ ~
p 0 0~
V O O p
N O O
0 0 N
M
~ CO
~ } O O ~
Q ~ d
N N
'a
~ 0 0
~ ~
O
O
m Q
`~ O
O
N
O O
~
~ ~ 7
U ~
~ <0 Q ~
O
h
~
ai .
~ ~ ~
> U
N ~ N
~ ~
7 V) d ~
Z Q ~ o
T ... 0)
N C 03
Y ~ ~
m ~ ~
F- U W
Q
W
}
to
O
0
M
O ~ ~ O ~ 0) 00 (
O M ~ V
l ~
c
~
00 V N Z
1~ O~ O M
O O O ~ o~$ f' 00 op O 0 N
N N U 0 N M OM N NO
X
W
0 0
O
N
M
O O10
0 0
o in
°o
M O
7
N
d
O ~ ,~
O N
~ "0
a
~ - m
Qi ~ ~i~ ~ ~
N m ~
~ U <°
U
N N 'O ~
>? O m O X
~ X N
ca U Y
>
~ 0 O
~ a~ t4 .
.
H
c O Y ~
~ ~ ~
U
N w OJ N rn ~« x~~ m N m
O~~~ Q N C ~ m~ U~ U
rn ~ 0 ~
~ O O
" v
~ (d
`'
o
Q ~ ~z
Q c Q Q a
~ ~z
H U v
v
m
~ m `~ ~ ° `~
Um~ Q C~~ (U
N
N
~
N ~ N
CO (O f~ I~ V
N ~
(6
Z ~p ~ ~ O~ O M ~ X
'
[L ~ W 00 O CD N
N O V O l!
)
O) ~0
N M M N N N j
X
...
N
t C
H ~
N ~
~~
X
0 0 0 O O
O U
~ C
~
N ~
.X ~ 0)
X
N
~
w c
c
c ~
o c
o
~ .
N
co N M V to ~
~
} O O O N N ~~
J, ~. T ~. ~. (9 N
~
c
o
I- m ~
T y
C fd
o ~
~ ~
O U
~ ~
0
a~
~ w
d 7+
C .f]
O ~
n3 N
~
.
~
N ~
N
~
O
N N
~ a
7 ~
~ ~
U
~
~
~ ~
~ .
~ ~3