HomeMy WebLinkAbout4972-22 Declaratory Resolution Designating Tax Abatement for 505 S. Michigan St. South Bend, IN •
United States of America
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NOV 01 2022
AUDITOR
ST. JOSEPH COUNTY
Certificate
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 4972-22
A DECLARATORY RESOLUTION DESIGNATING A TAX
ABATEMENT FOR CERTAIN AREAS WITHIN THE CITY OF SOUTH
BEND, INDIANA, COMMONLY KNOWN AS
505 S Michigan St, South Bend IN 46601 -RECEi jVED_
AS AN ECONOMIC REVITALIZATION AREA FOR
NOV 0 1 2022
PURPOSES OF AN EIGHT (8) YEAR MIXED-USE REAL ST. JOSEPH
COUNTY
PROPERTY TAX ABATEMENT FOR
The Monreaux, LLC
ADOPTED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA, AUGUST 8, 2022
PRESENTED TO, APPROVED AND SIGNED BY MAYOR JAMES MUELLER, •
AUGUST 8, 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 y hand and affi ed the official Seal of the City
of South Bend, St. Joseph County, Indiana, this 3l day of Z L 20 A?-
T •
: Dawn M. Jones
_� ��. Clerk of the City of South Bend
St. Joseph County, Indiana
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II
RESOLUTION
No. 4972-22
Passed by the Common Council of the City of South Bend, Indiana
August 8, 20 22.
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Attest: - / City Clerk
Dawn M. Jones /
SA4Aalk
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Attest; President n of Common Council
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Presented by me to the Mayor of the City of South Bend, Indiana
August 8, 20 22
29 ' .22C, I ' _ City Clerk
Dawn M. Jones
Approved and signed by me ft u p 1 t 19/ 20 /2-.
Mayor
BILL NO. 22-38
RESOLUTION NO. 4972-22
A DECLARATORY RESOLUTION DESIGNATING A TAX ABATEMENT
FOR CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA,
COMMONLY KNOWN AS
505 S Michigan St, South Bend IN 46601
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF AN EIGHT (8) YEAR MIXED-USE REAL
PROPERTY TAX ABATEMENT FOR
The Monreaux, LLC
WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a
Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas
for the purpose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known as 505 S
Michigan St, South Bend, Indiana, and which is more particularly described as follows:
(1) 132 Ft E End Lot 19Martins Add
(2) N 44' Lot 20 Martins Add
(3) S 1-3 Lot 20 Martins Add
(4) Lot 21 &N 1/2 Vac Alley S & Adj Martins Add
and which has Key Numbers 71-08-12-306-010.000-026, 71-08-12-306-011.000-026, 71-08-12-
306-012.000-026, and 71-08-12-306-013.000-026 be designated as an Economic Revitalization
Area; and
WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing
before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and
WHEREAS, the Council held a public hearing for the purposes of hearing all
remonstrances and objections from interested persons; and
WHEREAS, the Council has determined that the qualifications for an economic
revitalization area have been met.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South
Bend, Indiana, as follows:
SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the
area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such
designation is for mixed-use real property tax abatement only and is limited to three (3) calendar
years from the date of adoption of the Declaratory Resolution by the Common Council.
SECTION II. The Common Council hereby determines that the property owner is qualified for
and is granted Real property tax deduction for up to a period of eight (8) years as shown by the
schedule outlined below as well as the attachment pursuant to Indiana Code 6-1.1-12.1-17 and
further determines that the petition, the Memorandum of Agreement between the Petitioner and
the City of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the
Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et seq.
Year 1 - 100%
Year 2 - 95%
Year 3 - 90%
Year 4 - 85%
Year 5 - 80%
Year 6 - 75%
Year 7 - 70%
Year 8 - 65%
SECTION III. This Resolution shall be in full force and effect from and after its adoption by the
Common Council and approved by the Mayor.
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Sharon L. McBride, Council President
South Bend Common Council
Atte£ o2Z.
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Dawn M. Jones, City Clerk
Office of the City Clerk
Presented by me, the undersigned Clerk of the City of S uth Bend, to the Mayor of the City of
South Bend, Indiana on the et"- day of i , 2022, at 1/ o'clock
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Dawn M. Jones, City Clerk
Office of the City Clerk
Ap roved and signed by me on the 1 Og4t day of ITN}h S t , 2022, at 3 o'clock
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Jame ueller, Mayor
City of South Bend, Indiana