HomeMy WebLinkAbout4738-10 Modifying and reconfirming resolution for JSK Development (Southhold/Hall of Fame) RESOLUTION
No. 4738-18
Passed by the Common Council of the City of South Bend, Indiana
September 10, 2018
Attest: City Clerk
/ reemah N. Fowler
Attest:-- President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
September In 2018_.
City Clerk
reemah N. Fov6er
Approved and signed by me ='�1 1 e� �2 20 v.
mayor
United States of America
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A U D I I-C R ST.JOSEPH COUNTY
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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 4738-18
A RESOLUTION MODIFYING AND RECONFIRMING THE ADOPTION OF
DECLARATORY RESOLUTION 4456-15 DESIGNATING CERTAIN AREAS WITHIN
THE CITY OF SOUTH BEND,INDIANA,COMMONLY KNOWN AS 111 SOUTH ST.
JOSEPH ST.,SOUTH BEND,IN 46601 AS AN ECONOMIC REVITALIZATION AREA
FOR PURPOSES OF A TWO(2)YEAR VACANT BUILDING TAX ABATEMENT FOR
JSK DEVELOPMENT,INC./SOUTHHOLD, 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 hereuntrt my hand and affixed the official Seal f the City
of South Bend, St. Joseph County, Indiana, this I J k day of I&Aelb22L 20
Kareemah Fowler
Clerk of the City of South Bend
St. Joseph County, Indiana
By
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Deputy
BILL NO. 18-45
RESOLUTION NO. 4738-18
A RESOLUTION MODIFYING AND RECONFIRMING THE
ADOPTION OF A DECLARATORY RESOLUTION 4456-15
DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH
BEND, INDIANA, COMMONLY KNOWN AS
111 South St. Joseph St., South Bend, IN 46601
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A TWO (2) YEAR VACANT BUILDING TAX
ABATEMENT FOR
JSK Development, Inc./Southhold, LLC
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
WHEREAS, a Declaratory Resolution designated the area commonly known as
111 South St. Joseph St., South Bend, IN 46601 and which is more particularly described
as follows:
LOT AB HALL OF FAME & CHOCOLATE CAFE MINOR SUB AND THE
ORIGINAL TOWN OF SOUTH BEND 1sT RP RP6363 09-30-08 09/10
and which has Key Numbers 018-3091-347405 be designated 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
WHEREAS, the Council has determined that the qualifications for an economic
revitalization area have been met.
WHEREAS, the Council issues a Confirming Resolution confirming the adoption
of a Declaratory Resolution as Resolution No. 4456-15 on June 22, 2015
WHEREAS, the petitioner will not have the project completed within the three-
year designation period granted in the Confirming Resolution, which will expire on May
26, 2018.
WHEREAS, the Petitioner has requested an additional period of time to complete
construction of the planned project. The project experienced unforeseen delays in the
design stage which led to an overall delay in the construction timeline.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
South Bend, Indiana, as follows:
SECTION I. The Petitioner acknowledges that they will not have the project completed
within the three-year designation period granted in the Confirming Resolution due to the
following:
A. The future use of the former College Football Hall of Fame Building
(CFHOF) was directly tied to the construction and subsequent opening of the
hotel that sits adjacent to building. With the hotel project completion now, the
Developer is better able to target potential uses for the former CFHOF and
looks forward to creating an overall project that will be a tremendous asset for
the City for years to come.
The Common Council hereby finds that the extension of the designation is appropriate in
light of the aforementioned reason noted above.
SECTION II. The Common Council hereby reconfirms its Declaratory Resolution and
its Confirming 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 four (4) calendar years from the date of
adoption of the Declaratory Resolution by the Common Council.
SECTION 11I. The Common Council hereby determines that the property owner is
qualified for and is granted a vacant building property tax deduction for a period of two
(2) years pursuant to Indiana Code 6-1.1-12.1-17 and further determines that the petition,
The Memorandum of Agreement between the Petitioner and the City of South Bend, and
the Statement of Benefits 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.
SECTION IV. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approved by the Mayor.
Tim Scott, Council President
South Bend Common Council
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