HomeMy WebLinkAboutNo. 0801 redeclaring the Studebaker Corridor Development Area to be blighted for the purposes of compliance with the Tax Reform Act of 1986, � x
RESOLUTION NO. 801
RESOLUTION OF THE CITY OF SOUTH BEND
REDEVELOPMENT COMMISSION REDECLARING THE
IL STUDEBAKER CORRIDOR DEVELOPMENT AREA TO
BE BLIGHTED FOR THE PURPOSES OF
COMPLIANCE WITH THE TAX REFORM ACT OF
1986
WHEREAS, the South Bend Redevelopment Commission (Commission),
governing body of the City of South Bend Department of Redevelopment
(Department), on January 10, 1986, adopted Resolution No. 762
declaring the following area named by the Commission the Studebaker
Corridor Development Area (Area), to be a blighted area within the
meaning of I.C. 36 -7 -14 (Act):
A parcel of land being a part of the City of South
Bend, Portage Township, St. Joseph County, Indiana,
and being more particularly described as follows:
Beginning at the intersection of the centerline of
Prairie Ave. and the northerly right -of -way line of
the New York Central Railroad; thence,
southeasterly along said line to the southeast
dft corner of Lot #20 in the recorded plat of "Martin &
Tutt's Addition to the City of South Bend "; as
recorded in the records of said county; thence,
southeasterly to the southwest corner of Lot #12 in
said plat; thence, east along the line between Lots
12 & 13 in said plat to the centerline of a
north -south alley lying between Main and Michigan
Streets; thence, south along said centerline to the
centerline of the first alley north of Tutt Street;
thence, east along said line 35.00 ft. to the
centerline of the first alley west of Michigan
Street; thence, south to the centerline of Sample
Street; thence, west along said centerline to the
alley lying between Michigan and Main Streets;
thence, south along said line to the centerline of
Indiana Street; thence, west along said line to the
centerline of Franklin Street; thence, north along
said line to the centerline of the South Bend & St.
Joseph Railroad; thence, west along said line to
the centerline of Kendall Street; thence, north
along said line to the centerline of Cotter Street;
thence, west along said line to the centerline of
Prairie Ave.; thence northeasterly along said line
to the centerline of Chapin Street as shown on the
recorded plat of "Inter Belt Industrial Park" as
recorded in Book 21 of plats on Page 1 in the
records of said county; thence, north along said
line to the centerline of Prairie Ave. as shown on
said plat; thence, east along said line 363.11 ft.
to a point of curvature; thence around a 286.48 ft.
radius curve to the left an arc distance of 302.26
ft. to a point of tangent; thence, northeasterly
along said centerline to the point of beginning.
WHEREAS, Resolution No. 762 and the Studebaker Corridor
Development Area Development Plan (Development Plan) adopted by
Declaratory Resolution No. 762 on January 10, 1985, was
confirmed by Resolution No. 764 adopted on February 14, 1987; and
WHEREAS, the Department has once again conducted surveys
and investigations and thoroughly studied the Area; and
WHEREAS, the Commission has previously caused to be
prepared maps and plats of the Area which show boundaries of the
Area, the location of the various parcels of property, streets,
alleys and other features affecting the acquisition, clearance,
replatting, replanning, rezoning, or redevelopment of the Area,
indicating the parcels of the property to be excluded from
acquisition and the parts of the Area that are to be devoted to
public ways, levees, sewerage, parks, playgrounds, and other
public purposes under Development Plan.
WHEREAS, the Tax Reform Act of 1986, includes certain
requirements which must be met in order to qualify interest on
obligations of redevelopment districts for exemption from federal
income taxation; and
WHEREAS, the Commission finds it desirable and necessary
to further amend the Declaratory Resolution No. 762 in order to
redesignate the Area as blighted in order to conform with
requirements of the Tax Reform Act of 1986.
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND
REDEVELOPMENT COMMISSION, GOVERNING BODY OF THE CITY OF SOUTH
BEND DEPARTMENT OF REDEVELOPMENT, as follows:
1. Based on evidence now submitted to the Commission, the
Commission finds and determines that there is a
substantial presence in the Area of excessive vacant
land on which structures were located, abandoned or
vacant buildings, old buildings, excessive vacancies,
substandard structures, and delinquency in payment of
real property taxes.
2. The Area continues to be blighted and to constitute a
menace to the social and economic interest of the City
of South Bend and its inhabitants, and it will be of
public utility and benefit to acquire land within such
area and to redevelop it under the Act.
3. The Area consists of two hundred twenty (220) acres and
is contiguous and compact.
4. To the extent that qualified redevelopment bonds under
Section 144(c) of the Internal Revenue Code of 1986 are
issued to pay for all or part of the redevelopment
within the Area, the use of the proceeds of such bond
issue shall be limited as required by Section 144(c),
and no use of the property within the area shall be
allowed which use would be prohibited by Section 144(c).
5. The assessed value of real property in the Area when
added to the assessed value of the real property located
in all redevelopment areas does not exceed twenty
percent (20 %) of the total assessed value of the real
property located in the City of South Bend.
6. The Commission hereby readopts the Development Plan as
previously amended and directs the Secretary to file a
certified copy of the Development Plan, as amended, with the
minutes of this meeting.
7. All other findings, determinations, and conclusions in
Resolution No. 762 shall remain as stated therein.
8. This Resolution, together with supporting data, shall be
submitted to the Area Plan Commission of St. Joseph County
and the Common Council of the City of South Bend, as provided
OPA by I.C. 36- 7- 14 -16, for the approval of the Resolution and
the Development Plan, as previously amended and if approved
by both bodies, the Resolution and the amended Development
Plan shall be submitted to public hearing and remonstrance as
provided by I.C. 36- 7- 14 -17, after public notice in
accordance with I.C. 36- 7 -14 -17 and I.C. 5 -3 -1.
9. All orders or resolutions in conflict herewith are hereby
rescinded, revoked and repealed insofar as such exists.
10. This Resolution does not affect any rights or liabilities
accrued, penalties incurred, offense committed, or
proceedings begun before the effective date of this
Resolution. Those rights, liabilities, penalties and
proceedings continue and shall be imposed and enforced under
superceded resolutions as if this Resolution had not been
enacted.
11. The United States of America is hereby assured of full
compliance by the South Bend Redevelopment Commission with
regulations of the Department of Housing and Urban
Ark Development effectuating Title VI of the Civil Rights Act of
1964, as amended.
Adopted at the Regular Meeting of the South Bend
Redevelopment Commission held on April 24, 1987 at the office of
the Commission, 1200 County-City Building, 227 West Jefferson
Boulevard, South Bend, Indiana 46601.
CITY OF SOUTH BEND, INDIANA
DEPARTMENT OF REDEVELOPMENT
ATTEST:
Roman J. Piasecki, Secretary
R3ES