HomeMy WebLinkAbout4735-18 Modifying and reconfirming resolution for Historic JMS Building RESOLUTION
No. 4735-18
Passed by the Common Council of the City of South Bend, Indiana
September 10, 2018
Attest: City Clerk
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Kareemah N. Fowler
Attest President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
September 102018
City Clerk
Kareemah N. Fowler
Approved and signed by me �P�1 P�VYLF�r� a:; ' 201—B .
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STATE OF INDIANA, COUNTY OF ST JOSEPH, ss:
1, Kareernah 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 4735-18
A RESOLUTION MODIFYING AND RECONFIRMING THE ADOPTION OF
DECLARATORY RESOLUTION NO. 4461-15 DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND,INDIANA,COMMONLY KNOWN AS 106-110
NORTH MAIN ST., SOUTH BEND, IN 46601 AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF A(10)TEN YEAR REAL PROPERTY TAX ABATEMENT
FOR HISTORIC JMS BUILDING,LLC
ADOPTED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA, SEPTEMBER 10, 2018
PRESENTED TO, APPROVED AND SIGNED BY MAYOR PETE BUTTIGIEG,
SEPTEMBER 12, 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 Seal f the City
of South Bend, St. Joseph County, Indiana, this of 20
Kareemah Fowler
Clerk of the City of South Bend
St. Joseph County, I diana
By:
Deputy
BILL NO. 18-42
RESOLUTION NO. 4735-18
A RESOLUTION MODIFYING AND RECONFIRMING THE ADOPTION OF
DECLARATORY RESOLUTION NO. 4461-15 DESIGNATING CERTAIN
AREAS WITHIN
THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
106-110 North Main St., South Bend, IN 46601
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
(10) TEN YEAR REAL PROPERTY TAX ABATEMENT FOR
Historic JMS Building, LLC
WHEREAS, the Common Council of the City of South Bend has adopted declaratory
resolutions designating certain areas within the City as Economic Revitalization Areas for the
purpose of tax abatement consideration; and
WHEREAS, Declaratory Resolution No. 4449-15 designated the area located at 106-110
North Main Street, South Bend, IN 46601 and which is more particularly described as follows:
Key Number 018-1008-0330—Lot 21 Ex 5' N End &Ex 26' E Side Original Plat 99-010 Split to
033003 Trans 9773 10-7-98
Key Number 018-1008-033003 —20.33' X 70' Nw Cor Lot 20 Original Plat 99-00 Split Fr 0330
Per 9773 10-7-8
Key Number 018-1008-0331 - LOT 20 8X40 FT S SIDE OF 40 FT X 18 FT NE COR& MID PT
N END LOTS 19&20 62 1/2 FT ON WASH ST X 1112-3 FT DEEP O P SO BEND
and which currently designated as an Economic Revitalization Area; and
WHEREAS, upon proper notice, a public hearing was held, after which the Common
Council issued Confirming Resolution No. 4461-15, confirming the adoption of Declaratory
Resolution No. 4449-15 on June 25, 2015; and
WHEREAS, the Petitioner was granted a two-year designation period in Confirming
Resolution No. 4461-15, which expired on June 25, 2017; however, the project has not been
assessed until July 2018; and
WHEREAS, the Petitioner has requested additional two years to extend the designation
period.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South
Bend, Indiana, as follows:
SECTION I. The Common Council hereby determines and finds that the extension of the
designation is appropriate and meets the requirements of Indiana Code § 6-1.1-12.1 et seq.
SECTION II. The Common Council hereby reconfirms Declaratory Resolution No. 4449-15 and
Confirming Resolution No. 4461-15 designating the area described herein as an Economic
Revitalization Area for the purpose of a real property tax abatement. Such designation is limited
to four(4) calendar years from the date of adoption of Declaratory Resolution No. 4449-15 by the
Common Council.
SECTION III. The Common Council hereby determines that the property owner is qualified for
and is granted property tax deduction for a period of ten (10) years as shown below and further
determines that the petition, the Statement of Benefits and the Memorandum of Agreement
between the Petitioner and the City of South Bend 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.
Year 1 — 100%
Year 2-95%
Year 3 —80%
Year 4—65%
Year 5 —50%
Year 6—40%
Year 7—30%
Year 8—20%
Year 9— 10%
Year 10—5%
SECTION IV. 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, Counci resident
South Bend Common Council
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