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HomeMy WebLinkAboutReconfirming Tax Abatement - 1833 Alfton Ct. Wilson, Roger & Alison RES�LUTION 4120-11 Passed by the Common Councii of the City of South Bend, Indiana September 12, 11 20 Attest: City Clerk Attest� � President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana September 13, 20 11 _� City Clerk Approved and signed by me S e p t em b e r 13, 20 11 �'��� ��� � RESOLUTION NO. �1, �Z�-�I A RESOLUTION RECONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, CONIMONLY KNOWN AS VACANT LAND AT 1833 ALFTON COURT TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL PROPERTY TAX ABATEMENT FOR Roger W. Wilson and Alison S. Wilson 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 i i a ed he area commoni known as Vacant WHEREAS a Declarato Resolut on des t t � rY � Y Land at 1833 Alfton Court , South Bend, Indiana, and which is more particularly described as follows: Lot number 35 as shown on the plat of Norawood Manor, recorded July 7, 2006 in the Office of the Recorder of St.Joseph County,Indiana as Instrument 0628791 and which has Key Number Pt 023-1050-32Q1 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 WI�REAS, the Council has determined that the qualifications for an economic revitalization area have been met. WI�REAS,the Council issued a Confirmatory Resolution confirming the adoption of the Declaratory Resolution as Resolution No. 3644-06 on September 25,2006; and WHEREAS,the Petitioner will exceed the five year designation period granted in the Confirmatory resolution,which will expire on September 25, 201 l; and WHEREAS,the Petitioner has requested an additional period of time to complete � construction of the planned project. . NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Confirming Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for residential property tax abatement only and is now limited to six (6) calendar years from the date of adoption of the Declaratory Resolution by the Common CounciL SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted residential property tax deduction for a period of five (5) years. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. G � ` Member of the Common Council �.,,�,,.,�,�,__.__ Filed i� �'�����,�:, ���,�� � r (� S�rg ] pi (_ y0 �+ riw'W i f �ttESENTED l—`l L�'��, f ,�.;,,,.._,.„,.a;,� � NO7 AP�RtOY��i JOHN��+���,� � PR CITY CLER@C���°'�.'��q���u�, i x ADOPTfs� .��" Q v,�L�� --— .,�.�, l, TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 11-56 A RESOLUTION RECONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS VACANT LAND AT 1833 ALFTON COURT TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL PROPERTY TAX ABATEMENT FOR ROGER W. WILSON AND ALISON S. WILSON Respectfully report that they have examined the matter and that in their opinion, this bilt is being recommended to the full Council with a favorable recommendation. This bill was heard by the Utilities Committee. Timothy Rouse Chairperson, Committee of the Whole September 13, 2011 MEMO TO THE TAX ABATEMENT FILE FROM: Kathy Hahn, Department of Community and Economic Development RE: Foster Custom Homes On September 25, 2006, a five year residential tax abatement was granted to Rojo Development through resolution 3644-06. Subsequently two lots were sold to Foster Custom Homes. That abatement period expires this month. A reconfirming resolution was granted to Foster Custom Homes on September 12, 2011. The purpose of the reconfirming resolution was to grant a one year extension. � , SpU TH g�, p� ,�till�Ill�//ji�'�0 - 12,00 CAUNTY-CITYBUILDING � .��•r����� /�� � PHOrrE 574/235-9371 V ���\ �i r. ii �.y 227 W.JEFFERSON BOULEVARD i Fk3C 574/235-9021 W �\\PEACE// �, SOUTH BEND,IrrDr�wn 46G01-1830 �� � ^%�'a? r � R 1865 CITY OF SOUTH BEND STEPHEN J. LUECKE,MAYOR COMML7NITY �L ECONOMIC DEUELOPMENT ,JEFFREY V. GIBNEY EXECUTIVE DIRECTOR August 30, 2011 � Council Member Timothy Rouse, Chairperson Community&Economic Development Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Residential Property Tax Abatement Designation Extension for: Foster Custom Homes Roger&Alison Wilson � Brant& Louisa Maria Hesch Dear Council Member Rouse: Bernard Feeney,Vice_President of Lang,Feeney&Associates is the Agent for the three petitioners who are: Foster Custom Homes(21ots);Roger&Alison W�lson(1 lot); and Brant&Louisa Maria Hesch ( 1 lot). Mr. Feeney is requesting an extension of the designation period for a five year residential property tax abatement granted to Rojo Development, Inc., Norawood Manor through resolution number 3644-06 on September 25, 2006. The designation period granted to Rojo Development was five years and is due to expire on September 25,2011.Subsequent to receiving the designation, Rojo Development sold the four vacant lots to the three petitioners. Mr. Feeney is requesting a one year extension on the designation (making the total designation six years). The extension request is due to a delay in the anticipated construction due to the economy and the depressed market for residential construction. 1n view of the current situation Mr. Feeney is requesting a one year extension of the designation period. The request falls within the Council's guidelines,which allow for a petitioner to request up to a one year extension for good reason. Also attached are a revised Statement of Benefits (Form SB-1) from each of the three petitioners along with a map of Norawood.Enclosed also is a copy of the original staffreport as prepared by Sharon Terrell in 2006. Mr.Feeney will be available to meet with the Committee and answer any questions on Monday, September 12,2011. COMMUNII'Y DEVELOPMENT ECONOMIC DEVELOPMENT FINAIVCIAL&PROGRAM ' PAMELA C.MEYER . DONALD E.INKS MANAGEMENT 5741235-9GG0 574/235-9371 ELIZABETH LEONARD Fnx: 574/235-94G9 574/235-9371 Should you or any of the other Council members have any questions concerning the request or need additional information, please feel free to call me at 235-9278. Sincerely, � ���� Kathy Hahn Economic Development Specialist Attachments cc: South Bend Common Council Members Mayor Stephen Luecke Jeff Gibney Don Inks . ,.�,��,,, �� ' � °'�� STATEMENT OF BENEFITS �a!�� _' REAL ESTATE IMPROVEMENTS Fortnn ss•1/RE ��� �y � State Form 51767(R I 1-06) '°'• Prescribed by the Department of Local Govemment Finance INSTRUCTlONS: 1. This statemenf must be submitted to the body designating ihe Economic Revitalization Area prior to the public hearing if the designating body requires iniormation from the applicant in making ifs decision about whefher to designate an Economic Revitalization Area. Oihenvise this statement musi be submitted to the designating body BEFORE the redeve/opment or rehabilitation of real property for which the person wishes to claim a deduction.'Projects" planned or committed to after Ju/y 1, 1987,and areas designated after July 1, 1987,require a STATEMENT OF BENEF/TS. (fC 6-1.1-12.1) 2. Approval of the designating body(Cify Council, Town Board,County Council,etc.)must be obtained prior to initiation of the redevelopment or rehabilitation, BEFORE a deduction may be approved. 3. To obfain a deduction,Form 322 ERA,App(ication for Deduction from Assessed 1/aluation of Structures in Economic Revitalization Areas,must 6e filed with the County Auditor by the later of.•(1)May 10;or(2J thirty(30)days a8er the notice of addition to assessed valuation or new assessment is meiled to fhe property owner at the address shown on the records of the township assessor. 4. Propeny owners whose Statement of 8enefits was approved after June 30, 1991, must submit Form CF-1/RE annually to show compfiance wifh the Statement of Benefits. (IC 6-9.9-92.1-5.1(b)) 5. The schedules esta6/ished under IC 6-1.1-12.1-4(d)effective July 1,2000,app/y to any statement of benefits filed on or aRer July 1,2000. The schedules effective prior to July 1,2000,shail continue to apply to those statement of benefits filed before July 1,2000. • �- � Name of taxpayer Roger&Alison Wilson Address of taxpayer(number and street,city,state,and ZIP code) 8120 Chagrin Mills Rd,Chagrin Falis,OH 44022 Name of contact person Telephone number J.Bemard Feeney (574)233-1841 • • • � . • • -�•• � ••• Name of designating body Resolution number City of South Bend Common Councii Location of property County DLGF taxing district number Alfton Court East of Bridgeton Drive St.Joseph South Bend-Centre . Description of real property improvements,redevelopment,or rehabilitation.(use additional sheeis it necessary) ESTIMATED Construction of a single family home in Norawood Manor Start Date Completion Date 08/18/2011 12/31/2014 • • • . • -•-• � •-• Current number Salaries Number retained Salaries Number additional Salaries 0 N/A N/A N/A N/A N/A • . . • . • -••. . •-. NOTE:Pursuant to IC 8-1.1-12.1-5.1 (d)(2)the REAL ESTATE IMPROVEMENTS COST of the properry is confidential: COST ASSESSED VALUE Current values s,soo.00 Plus estimated values of proposed project 2�s.000.00 Less values of any property being repiaced Net estimated values upon completion of project 2�s,soo.00 • • � � • -• � Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds) Other benefits: • I r by certify that the representations in this statement are true. Sign ture of o' presentative Trde Vice-President, Date si ed(mo h,day,year) Lang,Feeney&Associates $ � / ` ��e� ���_ ; 4 �5��� ;> ; � . �YRa�i� -----"`-a.?o.00s--�---� � '�;` <�. �------------------------------ '—' . .10'LtfZ � � . .. ��i� . � 1 � I N I 1 � / � I ^ � / I 1 � I 8'� � � � � � I / �'�^ � n � � � � a � . ^ � � ,o � � ^I$ �"��, � � � I ,., � v. � � e� � "�-_ I . I � - � I � �_ � � I I - I l"'� ' . � � ��--� I I i/ . ` -� �..I-�' � � � . � I r -'�_ . 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' ���/ ; /�oo�u\ �\ i ��� . � � . I i � °Jm � � J � h' l � �1 i �\ r /� yv't 7l�Rl+YtR / ��� � h / � ��y /� i i�i����n°'io / ����rz" i// / Sd� \ � \ � / � R i % �" � / ��_ .. � . ' � ����R8$ ; �� . `,1 '� '� � , , s , - , , , �W�€ � , . , , , • � � , � , x.----------� ---------� ,• � � . • , ����Uar�scs / j � j � , �'__�_� ��.���i:�•��F���:�. ��, �'��`�`'!��'''� .����� p,/'� �:�! \� .. . � _ 'n t �. - ir- r•� ��)lli . :�i . I-'!` . �. �\� �. ll�l .i. � ��f/ .v�-lir] ��,'�V tFFFLR�n� `'> \^• �\ �i�� Ci"' � .. -+! � � ` . � 1 }.�l)1 l L f i ,�\ YEACE � y� i l� 1: }f 35-�� 1 5Ut',.,Ki.'�U.���Dl,i�:� 4:�(itl� ) ,.)�' �'j i:\>���.a�j� 1�)�))��/ �',>-S�fi7 �`��-:'.. ��r_:r�,f�A• x/�;" • T865_/ t_ . i> ->vurr� BrNn S'C'EPfll3ti J. l.(.�l:.:t��_. ,`.t.. ..,. Ca������`�1I��i' c�L ECONOMIC I..1�.��'i.�:�PiVIENT SHARON T. KENI7ALL F.XEC�,'I'IV��.Urr.F:c:rc;h TAX ABA TEMENT REPOR T TO: SOt1TH BEND COMMON COUNCIL FROM: SHARON TERRELI� SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: ROJO DEVELOPMENT, INC. (NORAWOOD MANOR) DATE: August 31, 2006 On August 17, 200G, a petition for residential tax abatement consideration for real property was filed with the City�Clerk by Rojo Development. Pursuant to Chapter 2, Article 6, Section 2-77.1 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 a Residentially Distressed 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 petitior� (a copy of which is attached), investigated tlie area, and makes the following report. PROJECT DESCRIPTION Rojo Development intends to construct(13)thirteen,single-family,custom-built homes. The price of each home will be approximately two hundred fifty thousand dollars($250,000). Taxes to be abated during the (5)five-year abatement period is estimated at$10,216 for each home. The total amount abated for the(13) thirteen homes totals�132,808. Taxes to be�aid for each home are estimated at$27,913. Total taxes to be naid during the (5) five-year abatement period for the (13) thirteen homes is $362,880. (;o�rMU�ar��Devfi,o�>n:r�i _-.�. Ecc�xci�•t�c L)i�.vr�.ui>��r�r:r .~..�_.W 1'i�n��c•�n�.&Pxoc;�cnn� 1�:>.�,�.�.a C.�terr:: D:,r::���,s...t�,:.; lvt.�N;�GEMLNT 5?4i2+i 9�i(;6 `,?,/'3.`.;.93?i lii�?.��r.l':i LiSUN�.r.t� F+.x: 5;=ir2:,5-7v•)" 5,.i/235-`�:'�7: South Bend C�o�l:rnon Council RE: Rujo Development, Inc. Au�ust 31, 2006 Pa�e 2 ° ABATEMENT QUALIFICATION 1. A review of the tax abatements previously granted finds that the petitioner has been associated with or been granted the f�llowing previous tax abatements. Term/Tvpe Resolution No. Date 5-year real property 3303-04 February 9, 2004 5-year real property 3302-04 February 9, 2004 5-year real property 3301-04 February 9, 2004 5-year real property 3300-04 February 9, 2004 5-year real property 3298-04 February 9, 2004 5-year real property 3119-02 September 9, 2002 5-year real property 2873-00 May 22, 2000 5-year real property 2699-98 December l 4, I 998 5-year real property 2620-98 May 11, 1998 5-year real property 2561-98 March 30, 1998 5-year real property 2550-98 February 16, 1998 2. T'he Building Commissioner has reviewed this petition ancl finds the properties to be properly zoned for the proposed project. 3. A review of the South Benci Redevelopment designation areas finds that the property is not located in a Tax Incremental A(location area; therefore, no action is required by the Soutii Bend Redevelopment Commission is required. 4. A review of the Tax Abatement Ordinance No. 9394-U; finds that the petitioner meets the qualifications for a (5) five-year residential tax abatement under Section 2-77.1, Single Family Residential Construction. 5 YEAR 30-Aug-06 ° ROJO DEVELOPMENT INC. (NORAWOOD MANOR) � South Bend Centre Township Residentia!Real Pr�operty Tax Abatement Srhedcrle* Estimated Project Cost: $3,250,000.00 Total Taxes Tax Abated*x Tax Paid*** Assessed Value: STRUCTURE (assume 85%of project cost) 2,762,500.00 2,762,500.00 2,762,500.00 LAND (assume$10,000) 10,000.00 N/A N/A Gross Assessed Value 2,772,500.00 2,762,500.00 2,762,500.00 Less Mortgage Exemption (3,000.00) (3,000.00) (3,000.00) Less Standard Homeowners Deduction (35,000,00) (35,000.00) (35,000.00) Base Assessed Value 2,734,500.00 2,724,500.Od 2,724,500.00 Less Maximum Abatement Deduction N/A N/A (74,880.00) Less Non-Abated Amount N/A (2,649,620.00) N/A Plus Land Assessed Vafue N/A N/A 10,000.00 Net Assessed Value 2,734,500.00 74,880.00 2,659,620.00 Propertv Taxes: Assume constant tax rate of 5.1338% 5.1338% 5.1338% Gross Tax (tax rate x net assessed vafue) 140,383.76 3,844.19 136,539.57 Less SRTC: 21.7230% (30,495.56) (835.07) (29,660.49) Less Homestead Credit: 32.0952% (35,268.84 ) (965.78) (34 303.05) Net Tax 74,619.36 2,043.34 72,576.03 Net Total Assessed Taxes Tax Tax Year Value Due Abated Paid 1 2,734,500.00 74,619.36 2,043.34 72,576.03 2 2,734,500.00 74,619.36 2,043.34 72,576.03 3 2,734,500.00 74,619.36 2,043.34 72,576.03 4 2,734,500.00 74,619.36 2,043.34 72,576.03 5 2,734,500.00 74,619.36 2,043.34 72,576.03 5 year totals: 373,096.78 10,216.68 362,880.15 *This schedule is for estimation purposes only and assumes constant tax rates. The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates. *'Tax Abated is capped at$74,880 of assessed value of structures only and does not include land assessed value. "**Tax Paid is calculated using the difference between actual assessed value of structure and maximum abated portion of$74,880 and adding back the land assessed value.