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HomeMy WebLinkAboutDesignating Tax Abatement - Mecca Companies Inc. 1106 20th St, 1112 20th St and 2007 North Side Blvd. (9 Year Real Property)Attest: RESOLUTION 4300 -13 Passed by the Common Council of the City of South Bend, Indiana November 25, 2013 Presented by me to the Mayor of the City of South Bend, Indiana November 26, 20 13 . Approved and signed by me P f e(-,4A g f t2 Z City Clerk President of Common Council 203 . City Clerk I1L�r.J RESOLUTJONNO. 4 3C'0_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 1106 20th Street, 1112 201h Street, and 2007 North Side Blvd. AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN (9) NINE -YEAR REAL PROPERTY TAX ABATEMENT FOR MECCA COMPANIES, 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 1106 20th Street, 1112 20th Street, and 2007 North Side Blvd., South Bend, Indiana, and which is more particularly described as follows: PARCEL I: Lot Numbered One (1) and a lot or parcel of land 38.35 feet in width, North and South, taken off of and from the entire length of the North side of Lot Numbered Two (2) all as shown on the recorded Plat of Riverview Subdivision in the City of South Bend, St. Joseph County, Indiana. PARCEL II: Lots Numbered Thirty (30) and Thirty -one (31) as shown on the recorded Plat of B.F. Dunn's First Addition to the Town of River Park, now within and a part of the City of South Bend, St. Joseph County, Indiana, together with the vacated alley lying in between said lots. and which has Key Numbers 018 - 6135 -4692, 018 - 6135 -4694, and 018 - 6135 -4696 at this point and time, 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 seg., 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 Conr-r,ittee 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'benefrts 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 as set forth in Sections 1 through 3 of the Petition for Real Property Tax Abatement Consideration, 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 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 (9) nine 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. NRESENTED t k_L1- �3 NOT APPROVED ADOPTPA j k -ZY'(J Member of the Common Council r7j?od in Clerk's Office TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 13 -79 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 1106 201h STREET, 1112 20TH STREET AND 2007 NORTHSIDE BLVD AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (9) NINE - YEAR REAL PROPERTY TAX ABATEMENT FOR MECCA COMPANIES, 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