HomeMy WebLinkAbout4730-18 Designating: Lot 12 US 31 Industrial Park Phase II and economic revitalization area for purposes of a four (4) year real property tax abatement RESOLUTION
No. 4730-18
Passed by the Common Council of the City of South Bend, Indiana
August 13, 20- 1-8.
Attest City Clerk
Kar ah N. Fowles
Attest President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
Awgwst 13, 20 --j$
City Clerk
areemah N. Fowler
Approved and signed by me �u�� 20
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United States of America
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SEP U 7 2018 SLr U 7 2018
AQQITOR ST,JOSEPH COUNTY
ST JOSEPH COUNTY I ASSESSOR
Certificate
STATE OF INDIANA, COUNTY OF ST. JOSEPH, ss:
I, Kareemah Fowler, Clerk of the City of South Bend, County of St. Joseph, Indiana, hereby
certify that the attached and foregoing is a full, true, and correct copy of
RESOLUTION 4730-18
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 LOT 12 US 31 INDUSTRIAL PARK PHASE
II AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FOUR(4)
YEAR REAL PROPERTY TAX ABATEMENT FOR REW, LLC
ADOPTED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA, AUGUST 13, 2018
PRESENTED TO, APPROVED AND SIGNED BY MAYOR PETE BUTTIGIEG,
AUGUST 15, 2018
ATTEST: TIM SCOTT, PRESIDENT OF THE COMMON COUNCIL
ATTEST: KAREEMAH N. FOWLER, CITY CLERK
the original of which is now on file in the office of the Clerk of the City of South Bend, St. Joseph
County, Indiana.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official Sea of the City
of South Bend, St. Joseph County, Indiana, this day of 20 ID
Kareemah Fowler
Clerk of the City of South Bend
St. Joseph County, Indiana
By: "6m�Lt�o
Deputy
SUBSTITUTE BILL NO. 18-37
RESOLUTION NO. 4730-18
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
Lot 12 US 31 Industrial Park Phase Ii
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FOUR (4) YEAR REAL PROPERTY TAX ABATEMENT FOR
REW, LLC
WHEREAS, a petition for real property tax abatement consideration 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 5870 W. Carbormill Dr., South Bend, IN and which is more
particularly described as:
LOT 12 US 31 INDUSTRIAL PARK PHASE Ii 02-03 NEW REPLAT TR 8044 10-9-01
and which has Key Numbers 025-1009-015217 be designated as an Economic Revitalization Area
under the provisions of Indiana Code 6-1.1-12.1 et sM., and South Bend Municipal Code Sections
2-76 et sM., and;
WHEREAS,petitioner has agreed to and has accepted responsibility to report any changes
in the final legal description and to report the final, appropriate Key Number to the Department of
Community Investment and to the Office of the City Clerk; and
WHEREAS,the Department of Community Investment 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 sM., and South
Bend Municipal Code Sections 2-76, et M., 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 Investment 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 1. 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 seq., for tax abatement.
SECTION Il. 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
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, Sections 1 through 3 of the Petition for Real Property Tax Abatement
Consideration and 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 Investment 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 four (4)
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(4) four years as shown below.
Year 1 - 100%
Year 2 - 90%
Year 3 - 80%
Year 4—70%
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.
Tim Scott, it re n
South Bend Common Counci
2
Filed in Clerk's Office
AUG 0 8 2010
TAX ABATEMENT REPORT KAREEMAH FOWLER
CITY CLERK,SOUTH BEND, IN
TO: South Bend Common Council
FROM: Daniel Buckenmeyer, Director of Business Development
SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR:
REW,LLC
DATE: August 8,2018
On Wednesday,August 8,2018,a petition from REW,LLC was received and subsequently
filed with the City Clerk for real property tax abatement consideration for property located
at 5870 W Carbonmill Dr., South Bend, IN 46628. 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 Investment 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 Investment has reviewed the petition(a copy of which is
attached), investigated the area, and makes the following report.
PROJECT SUMMARY
➢ Estimated$1,956,400 construction of new warehouse and office building
➢ Company is planning to consolidate its business and move all employees to South
Bend from Mishawaka
➢ Estimated total taxes on the new building during the four(4)year abatement period
—$143,784
➢ Estimated taxes being abated during the four(4)year abatement period—$109,965
➢ Estimated taxes to be paid during the four(4)year abatement period—$33,819
i
EMPLOYMENT IMPACT
Per the petition, it is estimated that the total project will:
➢ Relocate 86 existing jobs to South Bend from Mishawaka
➢ Create 25 permanent,full-time jobs within three years,representing anew estimate
annual payroll of$425,000
ABATEMENT QUALIFICATION
1. A review of the tax abatements previously granted, finds that the petitioner has
not been granted or associated with previous abatements.
2. The Area Plan Commission has reviewed the petition and finds the property to be
properly zoned for the proposed project.
3. A review of the South Bend Redevelopment designation areas finds that the property
is located in the River West Development Area.
4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner
meets the qualifications for a(4)four-year real property tax abatement under section
2-84.2,Real Property Tax Abatement.
Filed in Clerk's Office
AUG 0 8 2018
I(AREEMAH FOWLER
CITY CLERK,SOUTH BEND,IN
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