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Home My WebLink AboutConfirming Tax Abatement - Mecca Companies Inc 1106 & 1112 20th St. & 2007 Northside Blvd (9 Year Real Property)Attest: RESOLUTION 4308 -13 Passed by the Common Council of the City of South Bend, Indiana December 9, 13 20 Presented by me to the Mayor of the City of South Bend, Indiana December 10, 20 13 City Clerk President of Common Council Approved and signed by me 0 2 C f eK B f R /G 20 L3 y� City Clerk RESOLD 'IUNT NO. �f 3 �g—( 3 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1106 201h Street, 1112 201h Street, and 2007 North Side Blvd. AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (9) NINE- YEARREAL PROPERTY TAX ABATEMENT FOR MECCA COMPANIES, INC. WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 1106 20`h 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, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council 'geld a public hearing for the purposes of hearing all remonstrance's and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Real 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 and further determines that the petition, the Memorandum of Agreement between the Petitioner and the City of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et sea. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. L �, -13 rKt.�tNIED NOT APPROVED ADOPTED t Jw e Member of the Common Council -iE= 6b� tr RS�R9td Annex of South Bend, LLC Limited liabilitv comoanv 2007 Northside Blvd. company I' Mecca Companies, Inc. name ciry,5tate zip South Bend, IN 46615 Ste acreage araueagorequired regal owner South Bend Heritage Foundation & Square feet offacilit ?, Is the real estate owned ar /. 85,986 Owned rnmarycompany<omattname Rob Martinson Tide VP of Development Addressaf companyconlad 911 Maln SL Phone 617 - 304 -1439 atystace, np Indianapolis, IN 46220 Eina° robCcDmeccacmmnanias rnm campany senor official name, Kyle Bach Tide Y President & CEO Address ofcompany contact lifdiffenmt frnm g11 iVlaln St. Phone 574- above Certify that the Building Permit has not been Issued (Yes /NO) Yes 234 -5655 eitystate,iip ndianapolis, IN 46220 Email kbach @meccacompanies.com Hired business consultenVegentoom¢ - Pete Agostino Consultant elease approval Yes Address 131 South Taylor Street localeconomic development artnersreleasea roval ❑/8 cftystatI iip South Bend, Indian 46601 Email aaostinn(niaaklaw rmm companyand prated Mecca Companies, Inc. is a real estate development firm based in Indianapolis, IN that specializes in student housing projects. Founded in 2006, Mecca has developed over 1,750 units throughout the Midwest. This project will involve the acquisition and rehabilitation of the Northside Terrace Apartments near the campus of IU South Bend. The site will be re -named the Annex of South Bend. The site currently has 44 units and three buildings (two occupied and one vacant) that have not received updates in recent years. The rehabilitation work will focus on modernizing the buildings to meet the demands of students, with the vacant building being completely re- configured and the other units receiving significant renovations. Upon completion, the site will have 66 rental units. As can be seen in the investment detail below, the project will include a significant investment in the South Bend community. I Pouya No community Revitaltamon Enhancement Di ld?- No Certify that the Building Permit has not been Issued (Yes /NO) Yes d this is a petition for personal . property tax abatement, fin the equipment been Installed? n/a Pouya (1) Bui (2) The currently calculated. °- -- -° •• °^ - ^—•s" .11ar rsme•aiue or any egompment being purchased in 'What is the whte ofanyequipinent being:. sileofproject) rereived? Indiana for the project?. purchased from out of slate for the project? $ 0 no Approximately 60% Approximately 40°/% (2) - -- --- ••• - - -•-� �•. —Id .Nmcut- aitu rrar, arter 2014 that are not Complete below for Real orPersonal Property Tax Abatement only. Please sign for all requestedincentives, Public Benefik Item: informauonts requiretlnn btjththe unstruNion companies and the - companes wfitph will provide materials purchasedfardh6 project please complete ihetabie below with the approprlatelnformatiom. Ifyou qualify '� - -for the points, please enterthefullamountofavailablepoihts. ! Qualtly (yes or No) earnod Points ' ?AVailabM POtnts- i 1 Construction Related (Contractors): A. Employ Local Companies (75%) - no 0 20 B. Purchase Materials from Local Companie s (75 %) no 0 20 C. Require Employees vs. Independent Contractors.. yes 19 19 D. Require Prevailing ':Wage (Davis Bacon) no 0. 22 E. Require Health Benefits yes 22 22 F. Require Pension Benefits n 0 18 G. Maintain Affirmative Action Plan yes 20 20 Sub -total Construction Related: 61 141 Wage & Benefit Related (OwnerL• A. Pay Target Wage Levels : yes 33 33 B. Provide Health. Benefits no 0 3q > C. Provide Pension Benefits no 0 29 =o. Provide Training yes 28 28 E. Provide Child Care no 0 15 'F Provide Transportation Assistance:' yes 14 1q G. Provide Employer Assisted Housing program yes 9 9 - Sub -total Wage& Benefit Related: 84 162 3 Workforce Related: A. Create New Jobs yes 42 42 B. Retain Existing Jobs yes 41 41 C. Maintain Affirmative Action Plan yes 35 35 D. Provide Targeted Hiring Preference yes 34 34 Subtotal Workforce Related: 152 152 4 5u000rt a Mun'c'oal Fac'I'w• A 1conservatory, Sup port a Municipal Facility (donations to the,co, museum, etc.) yes $4 84 Name of Facility TBD Subtotal Municipal Facility: $Q 84 Sub -total from Above: 381 539 The undersigned owner(s) of real property, located within the City of South Bend, herby petition the Common Council of the City. of South Bend for real property tax abatement consideration and pursuant to I.C., 6.1.1- 12.1 -1,. et Sea., and South.Bend Municipal', Code Sec. 2-7644a6 sea.. for this petition state the .above. % Rob Martinson - 10/22/2013 For Staff Use Only Below This Line Wlratls,the�Wntrl ssessidvalut? Whit, IsthI e �p 6ojer e11 - e* Whatisth'J" " - �,fz — " P-" em!virfortlds cod espcIfilt NAICS" Pjeasa atoch a'Google map and dstreet, viely p(the location:` Please fill out the following Public Benefit Summary Information and add to total from above. Qualify (Y or N) Earned Reim Available -. points' Public Benefit Item: A. Redevelop a Site that has Special Needs 49 S. Develop Based on Local University Research 35 G lAchieve a Physical Element of a Plan Sub-total Project Related: 0 120 Super Size Projects (Rq!j�� A. 100%tOI99% 25 B. 200% to 299% 68 C. 30051 to 399% 65 0. 400% and Over 52 ISub -total Super Size Projects: 0 210 7 Pay for Municipal Infrastructure:_ A. Pay for Oversizing or upgrading 14 a. Pay for 26-50% of Extension Cost 26 C. Pay for 51-75% of Extension Cost 39 0. Pay for 76-100% of Extension Cost 52 Su b- total I afrastructure Related: 0 0 131 Total from Applicant Section; 381 539 Total from Staff Section: 0 461 Total Public Benefit Points: 381 1000 ke in er tr CITY ME' 'jX, �jowl-' BEA), IN Real Estate Description of Site 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. Attachment Real Estate Description of Site 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. Wage Information Please note that the wage information is the projected hourly wage of employees, not the annual payroll