HomeMy WebLinkAboutDesignating Tax Abatement - Portage Prairie Development - Huron Properties, L.P.RESOLUTION
3617-06
Passed by the Common Council of the City of South Bend, Indiana
July 24, 06
20
Attest:
City Clerk
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
July 25, 20 06
Approved and signed by me July 2 6, 200 6
~~~
City Clerk
RESOLUTION NO. 3 ~ ~ ~ -~~
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
PORTAGE PRAIRIE DEVELOPMENT
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN
(9) NINE-YEAR REAL PROPERTY
TAX ABATEMENT FOR
HURON PARTNERS, L.P.
WHEREAS, a petition for real property tax abatement 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 Portage Prairie Development South Bend,
Indiana, and which is more particularly described as follows:
COMMENCING AT THE NORTHWEST CORNER OF SAID NORTHWEST
QUARTER, SAID CORNER BEING MARKED BY A HARRSION MONUMENT;
THENCE SOUTH 0° 12 MINUTES 46 SECONDS EAST, ALONG THE WEST LINE
OF SAID NORTHWEST QUARTER, A DISTANCE OF 1517.36 FEET; THENCE
NORTH 89° 44 MINUTES 25 SECONDS EAST, A DISTANCE OF 500.96 FEET TO
THE POINT OF BEGINNING; THENCE CONTINUING NORTH 89° 44 MINUTES 25
SECONDS EAST, A DISTANCE OF 502 FEET; THENCE SOUTH 0° 15 MINUTES 35
SECONDS EAST, A DISTANCE OF 1150 FEET TO THE SOUTH LINE OF SAID
NORTHWEST QUARTER; THENCE NORTH 89° 57 MINUTES 13 SECONDS WEST
ALONG THE SOUTH LINE OF SAID NORTHWEST QUARTER, A DISTANCE OF
502.01 FEET; THENCE NORTH 0° DEGREES 15 MINUTES 35 SECONDS WEST A
DISTANCE OF 1147.32 FEET TO THE POINT OF BEGINNING; SAID DESCRIBED
TRACT CONTAINING 13.238 ACRES, MORE OR LESS.
and which has has no Key Number at this point and time, be designated as an Economic
Revitalization Area under the provisions of Indiana Code § 6-1.1-12.1 et sec ., and South
Bend Municipal Code Sections 2-76 et sec ., and;
WHEREAS, the Department of Community and Economic Development 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 sec ., and South Bend Municipal Code Sections 2-76,
et seq., 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 and Economic Development 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 I. 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 sew., for tax abatement.
SECTION II. 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 proposed described redevelopment or
rehabilitation;
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 as set forth in Sections 1 through 3 of the Petition
for Real Property Tax Abatement Consideration, 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 and Economic Development 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
two (2) 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 (9) nine years.
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.
Mem er o ommon Council
NKI:i`NTED ~,Z~-~~
NOT APPROVED.
ADOPTER ~~ _L~ -v~
~ISf't~ ~i1 (a~eC'r:'~ (~~fiCe
JUL ~ 9 20C
J4?hl VOCE+QE
Cil'Y CLE~iK, S0. EEND, IN.
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
06-71 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 PORTAGE PRAIRIE
DEVELOPMENT AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF AN (9) NINE YEAR REAL PROPERTY TAX ABATEMENT
FOR HURON PARTNERS, L.P.
Respectfully report that they have examined the matter and that in their opinion, this bill
is being recommended to the full Council with a favorable recommendation.
Roland Kelly
Chairman