HomeMy WebLinkAboutDesignating Tax Abatement - Crooked Eve Inc. 1047 Lincoln Way East (5 Yr. Personal Property)RESOLUTION
4268 -13
Passed by the Common Council of the City of South Bend, Indiana
July 22,
13
20
Attest: City Clerk
Presented by me to the Mayor of the City of South Bend, Indiana
July 23, 20 13
President of Common Council
Approved and signed by me —j I✓ C Y 21 20 /3.
City Cleric
r
,
RESOLUTION NO. D4-0
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
1047 Lincoln Way East
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
(5) FIVE -YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
Crooked Ewe, Inc.
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 1047 Lincoln Way East , South Bend,
Indiana, and which is more particularly described as follows:
Parcel 1 : Lots G Two (G -2), F Two (F -2) and E Two (E -2) as shown on the recorded Plat of Wenger and
Krieghbaum's Vistula Avenue Addition, more fully described as beginning on the West edge of the St.
Joseph River on the line between lots "G -2" and "H -2" as shown on the recorded Plat of Wenger and
Krieghbaum's Vistula Avenue Addition: thence Southwest on the line between said "Lots "G -2" and "H-
2" to Lincoln Way East; thence Northwest on the Easterly line of Lincoln Way East 136.7 feet; thence
Northeast parallel to the line between said Lots "G -2" and "H -2" 30 feet; thence Northwest parallel to
Lincoln Way East 50 feet; thence Northeast parallel to the line between said Lots "G -2" and "H -2 ", to the
St. Joseph River, thence Southeast along said river to the place of beginning.
Parcel II: Lots H Two (H -2) and I Two (1 -2) as shown on the recorded Plat of Wenger and Krieghbaum's
Vistula Avenue Addition to the City of South Bend recorded November 17, 1908 in Plat Book 9, page 100
in the Office of the Recorder of Saint Joseph County, Indiana.
and which has Tax Key Numbers 018 - 7017 -0684; 018- 7017 -0682; and 018 - 7017 -0682;
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 sue., 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 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
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 Investment, and the Community Investment 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.
2
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.
MerrAr of the Common Council'
PRESENTED �- 2-L, --l3
1401 APPROVE,
PTE 1— LL- U 3
F110 In, ark's Office
€UI L
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
13 -47 A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS
WITH THE CITY OF SOUTH BEND, INDIANA,
COMMONLY KNOWN AS 1047 LINCOLNWAY EAST AS A
RESIDENTIALLY DISTRESSED AREA FOR PURPOSES
OF A (5) FIVE -YEAR PERSONAL PROPERTY TAX
ABATEMENT FOR CROOKED EWE, INC.
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 Investment Committee.
Karen L. White
Chairperson, Committee of the Whole