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RESOLUTION NO. 3074
A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
HEREAS, I.C. 6- 1.1- 12.1 -2(1) provides that an application for property tax deduction may
not be approved when the property is located in an allocation area as defined in I.C. 36- 7- 14 -39,
unless the Redevelopment Commission which designated that allocation area adopts a resolution
approving that application; and
WHERE S, the South Bend Common Council has received a petition for (3) three to (4) four years
of real property tax abatement consideration from Indiana Rotomolding, Inc., for real property
located a 3300 N. Kenmore in the Airport Economic Development Area, the legal description of
which is ittached hereto, marked Exhibit "A" and incorporated herein; and
WHEREAS, this Commission declared the Airport Economic Development Area by
Resolution No. 919, adopted February 23, 1990, and in the same resolution declared the Airport
Economic Development Allocation Area, Allocation Area No. 1; and
the property located at 3300 N. Kenmore is located within the Airport Economic
Allocation Area, Allocation Area No. 1.
, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission
as
1 The Commission finds that the application from Indiana Rotomolding, Inc. for (3) three
to (4) for years of real property tax abatement consideration for property located at 3300 N.
Kenmore in the Airport Economic Development Allocation Area, Allocation Area No. 1, should be
and is hereby approved.
2 That a copy of this resolution be forwarded to the South Bend Common Council to
indicate he Commission's approval of the petition for real property tax abatement for Indiana
Rotomol in2.Inc.
pproved this 13th day of September, 2012, at the regularly scheduled meeting of the South
Bend RJeveloDment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
ATTES'
EXHIBIT A
LEGAL DESCRIPTION
5/855 Ac Trsct E Of Kenmore
NE'/ NE % Sec 28 -38 -2e
Tax KeylNo.: 025 -1010- 038518
Address 3300 N. Kenmore
South Bend, IN 46628
EXHIBIT A - LEGAL DESCRIPTION
tract of land in part of Township 38 North, Range 2 County, Indiana, described the
ortheast Quarter of Section 28, East, City of South Bend, St. Joseph as follows:
COMMENCING at the Northeast comer of Section 28; thence South 89°
48'05" West, 966.00 feet along the North line of said Section 28; thence
South 00° 00' 23" West 40.00 feet to the South boundary of Cleveland
Road; thence South 89° 48' 05" West, 289.00 feet along said South
boundary; thence South 440 54' 14" West, 14.17 feet to the East boundary
of Kenmore Street; thence South 00° 00'23" West, 146.76 feet along said
East boundary; thence along said East boundary, Southeasterly 294.37 feet
along'an arc to the left, having a radius of 1869.86 feet, subtended by a
long chord, having a bearing of South 04° 30' 13" East, and a length of
294,07 feet to the point of beginning of this description; thence North 890
48' 05" East 581.88 feet; thence South 00° 00' 23" West, 472.86 feet;
thence South 89° 58' 56" West, 498.99 feet to said East boundary of
Kenmore Street; thence North 09° 59' 37" West, 445.88 feet along said
East boundary; *hence Northwesterly 31.98 feet along an arc to the right,
having a radius of 1869.86 feet and subtended by a long chord, having a
bearing of North 09° 30'15" West, and a length of 31.98 feet to the place
of beginning.
Subject to legal highways.
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TO:
FROM:
SUBJECT:
DATE:
TAX ABA TEMENT REPORT
SOUTH BEND REDEVELOPMENT COMMISSION
DAVID RELOS, ECONOMIC DEVELOPMENT PLANNER (P4'
RESOLUTION NO. 3074
REAL PROPERTY TAX ABATEMENT PETION FOR:
INDIANA ROTOMOLDING, INC.
SEPTEMBER 13, 2012
On August 1, 2012., a petition for real property tax abatement consideration for property located at 3300
N. Kenmorc was filed with the City Clerk by Indiana Rotomolding, Inc. 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 and Economic Development for purposes of investigation and preparation of a
report dete ining whether the area qualifies as an Economic Revitalization Area pursuant to
I.C.6 -1.1 -1 .1 and whether all zoning requirements have been met.
The Depart ent of Community and Economic Development has reviewed the petition, investigated the
area, and ra kes the following report.
PROJECT SUMMARY
Indiana Ro omolding, Inc. is a custom plastic processor utilizing the rotational molding process to
manufacture yellow crash barrels for highway safety, along with a wide variety of other small and large
hollow products which are shipped up to 800 miles away. The petitioner would like to construct a 25,000
square foot building, which will enable the expansion of their manufacturing facility to accommodate
orders from a large new customer. The estimated dollar value of the project, excluding land, is $750,000.
Information about construction related activities is not yet known, but will be available prior to the
Common C uncil's date for granting a confirming resolution. The company will qualify for a three to
four year real property abatement. Total taxes to be abated during a (4) four year abatement period are
estimated a $10,044. Total taxes to be paid during a (4) four year abatement period are estimated at
$291,483. otal taxes to be abated during a (3) three year abatement are estimated at $7,995. Total taxes
to be paid 4ring a (3) three year abatement are estimated at $218,150.
EMPLOYMENT IMPACT
Per the petil ion, it is estimated that the total project will create at least twenty (20) new, permanent, full -
time jobs in the first year of production, representing new annual payroll of at least $900,000. The project
will maintain 70 existing, permanent, full -time jobs with a total annual payroll of $2,500,000.
ABATEMENT OUALIFICATION
1. A revi ew of the tax abatements previously granted finds that the petitioner has been granted or been
associated with one previous tax abatement.
Type Resolution Number Date
4 year real property abatement 3678 -07 January 08, 2007
2. The ouilding Commissioner has reviewed the petition and finds the property to be properly zoned
for tho proposed project.
3. A review of the South Bend Redevelopment designation areas finds that the property is located in
the A Irport Economic Development Area, which is a Tax Incremental Allocation Area; therefore,
the p tition for personal property tax deduction must first be approved by the South Bend
Rede elonment Commission.
4. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner meets the
qualifications for a (3) three to (4) four year real property tax abatement under section 2 -82, Real
Property Tax Abatement- Industrial Development City -Wide.