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HomeMy WebLinkAboutDesignating Tax Abatement - Demby Enterprises LLC. 212-220 W. Ewing (7 Yr. Real Property)Attest: RESOLUTION 4301 -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 Die f'"46 t Q N City Clerk President of Common Council 20 13. City Clerk 'lu.' -rte RESOLUTION NO. U O H-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 212 -220 WEST EWING AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SEVEN (7) YEAR REAL PROPERTY TAX ABATEMENT FOR DEMBY ENTERPRISES, LLC 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 212 -220 West Ewing, South Bend, Indiana, and which is more particularly described as follows: Lots numbered four (4) through forty -eight (48), both inclusive, as shown on the recorded plat of Stover- Longley Addition to the City of South Bend as platted by Silas E. Longley and Burton H. Stover, which plat was recorded February 24, 1915 in Plat Book No. 9 at page 187 in the Recorder's office of St. Joseph County, Indiana. Also the vacated alley lying South of Lots 4 to 8, inclusive, in said Stover — Longley Addition and the vacated alley lying East of Lots 28 to 46, inclusive, in said Stover - Longley Addition. Also the South half of the vacated alley lying North of Lot No. 9 in said Addition, also, the whole of vacated Victoria Street as shown in said Addition; also, the whole of vacated Lafayette Street lying between Ewing Avenue and Fairview Avenue in said Addition, excepting the West half of that part of Lafayette Street which lies East of Lot Numbered 3 and the North half of the vacated alley lying South of said Lot No. 3; the whole property herein considered being bounded by a line running as follows: Beginning at the North -west comer of Section 24, Township No. 37 North, Range No. 2 East; thence running South 1009 feet, thence East 384.7 feet to the West line of the right of way of the Vandalia Railway; thence North with the said right of way 1009 feet to the North line of said Section No. 24; thence West 383 feet to the place of beginning, excepting therefrom such part of said real estate as is now occupied by Ewing Avenue and Fairview Avenue in said city, excepting also a strip of land 7 feet in width, East and West, taken off from the entire length of the West side thereof, heretofore conveyed as the East half of a public alley and excepting also the following: Beginning at a point on the present South line of Ewing Avenue 7 feet East of the West line of said Section No. 24; thence running East 149 % feet to the center of vacated Lafayette Street; thence South 107 feet to a point in line with the centerline of the alley lying between Lots 1,2,3 and 9 in said Stover - Longley Addition; thence West 149 '/4 feet to the East line of said Stover - Longley Addition; thence North 107 feet to the place of beginning. and which has Key Number 71- 08 -24- 101 - 003.000 -026, be designated as an Economic Revitalization Area under the provisions of Indiana Code § 6 -1.1 -12.1 et seg., and South Bend Municipal Code Sections 2 -76 et seg., 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 semc ., 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 se_{c ., 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 info_mation was requested are benefits that can be reasonably expected to result from the proposed described redevelopment or rehabilitation; and F. That the totality of ben: rTts 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 acceptE the report and recommendation of the Community and Economic Development Committee that the area herein described be designated as an Economic Revitalization Are•;: and hereby adopts a' esolution designating this area as an Economic Revitalization Area for purposes of real property t€ x abatement. SECTION V. The designation as an Economic Reviializatio °T Area shall be limited to two (2) calendar years from the date of the a a )otion 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 seven (7) 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 oT: 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,! 1-0 Mayor. Member of the Common Council PRESENTED NOT APPROVED 'ADOPTED I \ -2-s--4 2 Pd0`d i 2013 TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 13 -80 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 212 -220 WEST EWING AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (7) SEVEN -YEAR REAL PROPERTY TAX ABATEMENT FOR DEMBY ENTERPRISES, LLC 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