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HomeMy WebLinkAbout5079-24 Declaratory Resolution Real Property Tax Abatement 728 Harrison Avenue - Cross Community, Inc RESOLUTION No. 5079-24 Passed by the Common Council of the City of South Bend, Indiana May 13, 24 20 Attest: 02, . City Clerk Bianca L. Tirado Attest: a4o,{ 1014 President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana M I�-I 20 24 City Clerk Bianca L. Tirado Approved and signed by me 1 ' a ' 20 VI . Mayor United States of America **��.FILED -RECEIVED- - ?.: MAY162024 . . MAY 16 2024 ST. JOSEPH COUNTY AUDITOR ASSESSOR ST. JOSEPH C•UN1Y Certificate STATE OF INDIANA, COUNTY OF ST. JOSEPH, ss: I, Bianca L. Tirado, 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 NO. 5079-24 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 728 HARRISON AVENUE, SOUTH BEND, INDIANA 46616 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE-YEAR (5) REAL PROPERTY TAX ABATEMENT FOR CROSS COMMUNITY, INC. ADOPTED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, MAY 13, 2024 PRESENTED TO, APPROVED AND SIGNED BY MAYOR JAMES MUELLER, MAY 15, 2024 ATTEST: SHARON L. MCBRIDE, PRESIDENT OF THE COMMON COUNCIL ATTEST: BIANCA L. TIRADO, 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 sit my hand and ffixed the official Seal the City of South Bend, St. Joseph County, Indiana, this j day of 20 Bianca L. Tirado Clerk of the City of South Bend St. Joseph County, Indiana (164 By: . Deputy BILL NO. 24-16 RESOLUTION NO. 5079-24 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 728 Harrison Avenue, South Bend, Indiana 46616 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE-YEAR (5) REAL PROPERTY TAX ABATEMENT FOR CROSS COMMUNITY, INC WHEREAS, a petition for real 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 described as: Key Number: 71-08-02-407-012.000-026 Local Parcel Number: 018-1070-2981 Commonly Known As: 728 Harrison Avenue Legal Description: Lot 1 Kingdom Campus Minor Sub 23/24 NP#1221 6/27/2022 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 Key Numbers and legal descriptions 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, is 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 the area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION V. The designation as an Economic Revitalization Area shall expire on December 31, 2026. SECTION VI. 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 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% Year2 - 100% Year 3 - 80% Year 4 - 80% Year 5 - 60% 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. ttco eyu lAk3ctic Sharon McBride,Council President South Bend Common Council Attest: ,644444-xuitiA44/0, Bianca Tirado, City Clerk Office of the City Clerk Presented by me, the undersigne Clerk of the City of South Bend, to the Mayor of the City of South Bend, Indiana, on the day of /�, , 2024, at a, o'clock iQ .m. ltie,f,tr Bianca Tirado, C erk Office of the City Clerk CPI y� Approved and signed by me on the I day of t•,Nr ,2024,at , o'clock .m. At\-- J s Mueller, Mayor City of South Bend Filed in Clerk's Office ,,—,- tg..\ STATEMENT OF BENEFITS 2024 PAY 2025 i d ` REAL ESTATE IMPROVEMENTS MAY $ ZO24 — a'` State Form 51767(R7/1-21) FORM SB-1 I Real Property Prescribed by the Department of Local Government Finance Bianca Tirado PRIVACY NOTICE This statement is being completed for real property that qualifies under the followirgihl'dccha r�6d5R4141 kB1/6ibt tj:Nl Any information concerning the cost ❑ Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) of itd to individualvy and specific salanesby paid employees by the I] Residentially distressed area(IC 6-1.1-12.1-4.1) property owner is confidential per IC 6-1.1-12.1-5.1. INSTRUCTIONS: 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires information from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise, this statement must be submitted to the designating body BEFORE the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction. 2. The statement of benefits form must be submitted to the designating body and the area designated an economic revitalization area before the initiation of the redevelopment or rehabilitation for which the person desires to claim a deduction. 3. To obtain a deduction,a Form 322/RE must be filed with the county auditor before May 10 in the year in which the addition to assessed valuation is made or not later than thirty(30)days after the assessment notice is mailed to the property owner if it was mailed after April 10. A property owner who failed to file a deduction application within the prescribed deadline may file an application between January 1 and May 10 of a subsequent year: 4. A property owner who files for the deduction must provide the county auditor and designating body with a Form CF-1/Real Property. The Form CF-1/Real Property should be attached to the Form 322/RE when the deduction is first claimed and then updated annually for each year the deduction is applicable. IC 6-1.1-12.1-5.1(b) 5. For a Form SB-1/Real Property that is approved after June 30, 2013, the designating body is required to establish an abatement schedule for each deduction allowed. For a Form SB-1/Real Property that is approved prior to July 1, 2013, the abatement schedule approved by the designating body remains in effect. IC 6-1.1-12.1-17 SECTION 1 TAXPAYER INFORMATION Name of taxpayer Cross Community, Inc Address of taxpayer Number and Street: 707 Sherman Ave City: South Bend State• IN ZIP 46616 Name of contact person Telephone number E-mail address First Name Tina Last Nor»' Patton (574) 876-2106 tmpatton2@comcast.net SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number Common Council of the City of South Bend r1i1—24 Location of property Number and Street City State ZIP County DLGF taxing district number 728 Harrison Ave South Bend IN 46616 St. Joseph 026(South Bend-Portage) Description of real property improvements,redevelopment,or rehabilitation(use additional sheets if necessary) Estimated start date(month,day,year) We will build one (1) new home that will be between 1390-1620 sq ft with 3 06/03/2024 bedrooms, 2 bathrooms, with a garage. Estimatedcompletondate(month,day,year) 11/30/2024 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current Number Salaries Number Retained Salaries Number Additional Salaries SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values $4,300 Plus estimated values of proposed project $270,000 $220,300 Less values of any property being replaced Net estimated values upon completion of project $270,000 $224,600 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) Estimated hazardous waste converted (pounds) � Other benefits The home will be sold to a first-time homeowner who has participated in financial/credit building . workshops SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in s statement are true. Signature of aulho d representati Date signed(month,day,year) if1.30.C, - v _ I 5/3/2024 Printed name of authorized representative Title Tina M Patton President Page 1 of 2 FOR USE OF THE DESIGNATING BODY We find that the applicant meets the general standards in the resolution adopted or to be adopted by this body. Said resolution, passed or to be passed under IC 6-1.1-12.1,provides for the following limitations: A. The designated area has been limited to a period of time not to exceed n/a calendar years*(see below). The date this designation expires is 12/31/2026 . NOTE:This question addresses whether the resolution contains an expiration date for the designated area. B. The type of deduction that is allowed in the designated area is limited to: 1.Redevelopment or rehabilitation of real estate improvements ❑Yes ElNo 2.Residentially distressed areas ['Yes ❑No C. The amount of the deduction applicable is limited to$ N/A D. Other limitations or conditions(specify) N/A __ __ _ _ E. Number of years allowed: 0 Year 1 ❑Year 2 ❑Year 3 ❑Year 4 Q Year 5 (•see below) ❑Year 6 ❑Year 7 ❑Year 8 ❑Year 9 ❑Year 10 F. For a statement of benefits approved after June 30,2013,did this designating body adopt an abatement schedule per IC 6-1.1-12.1-17? El Yes ❑No If yes,attach a copy of the abatement schedule to this form. If no,the designating body is required to establish an abatement schedule before the deduction can be determined. We have also reviewed the information contained in the statement of benefits and find that the estimates and expectations are reasonable and have determined that the totality of benefits is sufficient to justify the deduction described above. Approved(sig re and title of aujhorized member of designating body) Telephone number Date signe (month,day,year) (rnt6` dt ( -,y )ti�5- 1�LI D5�13/),/5. y Printed name of authorized member of designating body Name of designating body . a ro n 114 (.\(if le Common Council of the City of South Bend,Indiana Atte d 5v(signature and ' e of attestor Printed name of attester elivek G. hlowarro -Icetchi Cit.! Qv* *If the designating body limits the time period during which an area is an economic revitalization area,that limitation does hot limit tfie length of time a taxpayer is entitled to receive a deduction to a number of years that is less than the number of years designated under IC 6-1.1-12.1-17. A. For residentially distressed areas where the Form SB-1/Real Property was approved prior to July 1,2013,the deductions established in IC 6-1.1-12.1-4.1 remain in effect.The deduction period may not exceed five(5)years. For a Form SB-1/Real Property that is approved after June 30„ 2013,the designating body is required to establish an abatement schedule for each deduction allowed. Except as provided in IC 6-1.1-12.1-18,the deduction period may not exceed ten(10)years. (See IC 6-1.1-12.1-17 below.) B. For the redevelopment or rehabilitation of real property where the Form SB-1/Real Property was approved prior to July 1,2013,the abatement schedule approved by the designating body remains in effect.For a Form SB-1/Real Property that is approved after June 30,2013,the designating body is required to establish an abatement schedule for each deduction allowed. (See IC 6-1.1-12.1-17 below.) IC 6-1.1-12.1.17 Abatement schedules Sec.17.(a)A designating body may provide to a business that is established in or relocated to a revitalization area and that receives a deduction under section 4 or 4.5 of this chapter an abatement schedule based on the following factors: (1) The total amount of the taxpayer's investment in real and personal property. (2) The number of new full-time equivalent jobs created. (3) The average wage of the new employees compared to the state minimum wage. (4) The infrastructure requirements for the taxpayer's investment. (b)This subsection applies to a statement of benefits approved after June 30,2013. A designating body shall establish an abatement schedule for each deduction allowed under this chapter. An abatement schedule must specify the percentage amount of the deduction for each year of the deduction. Except as provided in IC 6-1.1-12.1-18,an abatement schedule may not exceed ten(10)years. (c)An abatement schedule approved for a particular taxpayer before July 1,2013,remains in effect until the abatement schedule expires under the terms of the resolution approving the taxpayer's statement of benefits. ;I Filed in Clerk's Office U8 Bianca Tir:: City Clerk, SOLJUI Bur id, IN Page 2 of 2