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Home My WebLink About4956-22 Resolution Designating Intersection Dylan Dr. and Adams Rd. Tax Abatement United States of America Y ***:+*fit iilmok . „414 6 . NOV 032022 -DECEIVED_ AUDITOR r ST, JOSEPH COUNTY NOV 0 3 2022 • ST. JOSEPH COUNTYCertificate ASSESSOR STATE OF INDIANA, COUNTY OF ST. JOSEPH, ss: I, Dawn M. Jones, 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 4956-22 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 Intersection Dylan Drive and Adams Road, South Bend IN 46628 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SEVEN (7) YEAR REAL PROPERTY TAX ABATEMENT FOR GLC Portage Prairie V LLC ADOPTED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, MAY 23, 2022 PRESENTED TO, APPROVED AND SIGNED BY MAYOR JAMES MUELLER, MAY 24, 2022 ATTEST: SHARON L. MCBRIDE, PRESIDENT OF THE COMMON COUNCIL ATTEST: DAWN M. JONES, 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 hereunto set rpy hand and affi d the official Seal of the City of South Bend, St. Joseph County, Indiana, this /6 day of 1,,, ,, 20 ,o 2- -. / Dawn M. Jones :. �. Clerk of the City of South Bend a St. Joseph County, Indiana - L By: / - / / {'/ l..4111 irputy RESOLUTION No. 4956-22 Passed by the Common Council of the City of South Bend, Indiana May 23, 20 22. (-)XAttest: i a/47 ' /I City Clerk Dawn M. Jones SAviirpt 4 .m attcit, Attest; President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana May 23, 20 22 /6460 . 74 • l9O9a2 . City Clerk Dawn M. Jones Approved and signed by me M ti 2 1r 20 ii - • . . k itilL- Mayor BILL NO. 22-21 RESOLUTION NO. 4956-22 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 Intersection Dylan Drive and Adams Road, South Bend IN 46628 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SEVEN (7) YEAR REAL PROPERTY TAX ABATEMENT FOR GLC Portage Prairie V LLC 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 located at the intersection of Dylan Drive and Adams Road, South Bend IN 46628, which is more particularly described as: Parcel ID: 025-1002-001301 Parcel Number: 71-03-08-326-002.000-009 Legal Description:Lot 3 Portage Prairie Business Park 21/22 NP#208010/22/2020 and which has Key Number 025-1002-001301 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,petitioner has agreed to and has accepted responsibility to report any changes in the final legal description and to report the final, appropriate Key Number to the Department of Community Investment and to the Office of the City Clerk; and WHEREAS,the Department of Community Investment 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 Investment 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 seq., 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, Sections 1 through 3 of the Petition for Real Property Tax Abatement Consideration and 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 Investment 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 three (3) 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 of seven (7) years as shown by the schedule outlined below as well as the attachment pursuant to Indiana Code 6-1.1-12.1-17. Year 1 - 100% Year 2 - 95% Year 3 - 90% Year4 - 85% Year 5 - 80% Year 6- 75% Year 7- 70% 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. PASSED AND ADOPTED by the Common Council of the City of South Bend, Indiana, this 4 day of , 2022. ---�� SA4Ablk •M Cys Sharon McBride, Council President South Bend Common Council Attes • dfei, Dawn M.Jones, MPA, City lerk Office of the City Clerk Presented by me, the undersigned Clerk of the Cit of South Bend, to the Mayor oft the City of South Bend, Indiana on the A311 day of_ , 2022, at_Al_ o'clock gyvA)Dawn M.Jones, MPA, City Clerk Office of the City Clerk Approved and signed by me on the 2y day of 07 , 2022, at 3 o'clock 177. Jaz s Mueller, Mayor City of South Bend, Indiana