HomeMy WebLinkAboutDesignating Tax Abatement - Up to an 8 Year Real Property Tax Abatement The Lebermuth Co IncRESOLUTION
4230 -13
Passed by the Common Council of the City of South Bend, Indiana
September 9,
Attest:
13
20
Presented by me to the Mayor of the City of South Bend, Indiana
. September 10, 20 13
Approved and signed by me
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City Clerk
President of Common Council
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City Clerk
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RESOLUTION NO. � Z- O -1-3
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
4004 Technology Drive
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF UP TO
AN EIGHT (8) YEAR REAL PROPERTY TAX ABATEMENT FOR
THE LEBERMUTH COMPANY, INC.
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 commonly known as 4004 Technology Drive, South Bend,
Indiana, and which is more particularly described as follows:
Lot numbered Six (6) as shown on the recorded Plat of Landmark Business Park,
Section 3, recorded April 18, 1985 as Document Number 8506870 in the Office
of the Recorder of St. Joseph County, Indiana.
and which has Key Number 71- 03 -19- 200 - 010.000 -009, 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 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 and Economic Development 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
two (2) 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 up to eight (8) years as
shown by the attachment pursuant to Indiana Code 6- 1.1- 12.1 -17.
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.
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CITY CLERK, SOUTH END, IN
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
13 -60 A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA
COMMONLY KNOW AS 4004 TECHNOLOGY DRIVE AN
ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
UP TO AN EIGHT (8) YEAR REAL PROPERTY TAX
ABATEMENT FOR THE LEBERMUTH COMPANY, INC.
This bill was heard by the Community Investment Committee.
Karen L. White
Chairperson, Committee of the Whole