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HomeMy WebLinkAboutDesignating Tax Abatement - South Bend Woodworks LLC 707 S Scott St (5 Year Personal Property) RESOLUTION 4223-12 Passed by the Common Council of the City of South Bend, Indiana December 10, 12 20 . Attest -- City Clerk Attest �� V ZINt• � President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana December 11, 20 12 City Clerk Approved and signed by me P£ f M 6 I 20 t t IVIayor RESOLUTION NO. 4 W3-11- 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 707 S Scott Street AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (5) FIVE-YEAR PERSONAL PROPERTY TAX ABATEMENT FOR South Bend Woodworks, LLC WHEREAS, a petition for personal property tax abatement consideration 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 as 707 S Scott Street , South Bend, Indiana, and which is more particularly described as follows: A PARCEL OF LAND LOCATED IN THE SOUTHEAST QUARTER OF SECTION 11, TOWNSHIP 37 NORTH, RANGE 2 EAST, IN THE CITY OF SOUTH BEND, INDIANA, AND LOCATED IN A PARCEL OF LAND REFERRED TO AS THE NORTH PART OF DISPOSITION PARCEL ONE (1) OF THE SAMPLE STREET REDEVELOPMENT AREA, INDIANA, PROJECT R-7: COMMENCING AT AN EXISTING CROSS IN THE EAST SIDEWALK OF SCOTT STREET AT THE INTERSECTION OF WESTERN AVENUE, SAID CROSS BEING LOCATED ON THE SOUTH LINE OF WESTERN AVENUE AND 5 FEET WEST OF THE EAST LINE OF SCOTT STREET; THENCE SOUTHERLY FROM SAID CROSS A DISTANCE OF 938.49 FEET TO ANOTHER EXISTING CROSS IN THE EAST SIDEWALK OF SCOTT STREET; THENCE CONTINUING SOUTHERLY A DISTANCE OF 100 FEET TO ANOTHER EXISTING CROSS IN THE EAST SIDEWALK OF SCOTT STREET (ALL THREE CROSSES BEING IN A STRAIGHT LINE AND 5 FEET WEST OF THE EAST LINE OF SCOTT STREET); THENCE CONTINUING SOUTHERLY ALONG A LINE PROJECTED THROUGH THE ABOVE SAID 3 CROSSES A DISTANCE OF 71.71 FEET; THENCE TURNING A DEFLECTION ANGLE OF 89 DEGREES 57'37 RIGHT FROM THE LAST DESCRIBED COURSE EXTENDED AND RUNNING WESTERLY ALONG THIS LINE A DISTANCE OF 75 FEET; THENCE SOUTHERLY ON A LINE PARALLEL TO AND 75 FEET WEST OF THE LINE ESTABLISHED BY THE 3 PREVIOUSLY DESCRIBED EXISTING CROSSES IN THE EAST SIDEWALK OF SCOTT STREET A DISTANCE OF 335 FEET TO THE POINT OF BEGINNING; THENCE CONTINUING SOUTHERLY ALONG THE LAST DESCRIBED COURSE A DISTANCE OF 135 FEET; THENCE TURNING A DEFLECTION ANGLE OF 89 DEGREES 57'30" RIGHT FROM LAST DESCRIBED COURSE EXTENDED; THENCE WESTERLY ALONG THIS LINE A DISTANCE OF 170 FEET; THENCE NORTHERLY PARALLEL TO THE EAST LINE OF THIS PARCEL A DISTANCE OF 135 FEET; THENCE EASTERLY PARALLEL TO THE SOUTH LINE OF THIS PARCEL OF A DISTANCE OF 170 FEET TO THE POINT OF BEGINNING; ALL LOCATED IN SOUTH BEND, ST. JOSEPH COUNTY, IN DIANA. and which has Tax Key Number 071-08-11-452.009-026 presently, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1.1-12.1 et seq., and South Bend Municipal Code Sections 2-76 et seq., 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 seq., 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 pursuant to Indiana Code 6- 1.1-12.1-4.5 et seq.,that: a. The estimate of the cost of the new manufacturing equipment is reasonable for equipment of that type; b. That the estimate of the number of individuals that will be employed or whose employment will be retained by the Petitioner can reasonably be expected to result from the proposed installation of new manufacturing equipment; • c. That the estimate of the annual salaries of those individuals that will be employed or whose employment will be retained by the Petitioner can be reasonably expected to result from the proposed installation of new manufacturing equipment; d. Any other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed new manufacturing equipment; and e. The totality of benefits is sufficient to justify the deduction requested. SECTION II. The Common Council hereby determines and finds that the proposed new manufacturing equipment can be reasonably expected to yield the benefits identified in the Statement of Benefits as set forth in Sections 1 through 3 of the Petition for Personal Property Tax Abatement Consideration and that Statement of Benefits form completed by the petitioner, said form being prescribed by the State Board of Accounts, are sufficient to justify the deduction 2 granted under Indiana Code 6-1.1-12.1-4.5. SECTION III. The Common Council hereby accepts the report and recommendation of the Department of Community and Economic Development, and the Community and Economic Development Committee's favorable recommendation, that the area herein described be designated as an Economic Revitalization Area for purposes of personal property tax abatement and hereby makes such a designation. SECTION IV. The Common Council determines that such designation is for personal property tax abatement only and shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5)years. SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Personal Property Tax Abatement to be published pursuant to Indiana Code 5-3-1, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. I _� mber of the Common Counci Films �n Clerk's Offlie NOV 5 O1 PRESENTED 1,L— -°—CL JOHN NOT AP PROVO a.. CITY 0 T ND,IN WORM 3 4.rOP T 1,"2,-LO---t TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 12-90 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 707 S. SCOTT STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (5) FIVE-YEAR PERSONAL PROPERTY TAX ABATEMENT FOR SOUTH BEND WOODWORKS, LLC 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. This bill was heard by the Community & Economic Development Committee. Karen L. White Chairperson, Committee of the Whole