HomeMy WebLinkAboutDesignating Tax Abatement - J.J. White Inc. 1904 N. Kenmore St. (2 Year Real Property)Attest
RESOLUTION
4369 -14
Passed by the Common Council of the City of South Bend, Indiana
June 23,
14
20
Presented by me to the Mayor of the City of South Bend, Indiana
June 24, 20 14
City Clerk
ident of Common Council
Approved and signed by me 3 �> 20— Y- .
P
City Clerk
RESOLUTION NO.
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
1904 North Kenmore Street
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
TWO -YEAR (2) REAL PROPERTY
TAX ABATEMENT FOR
J.J. White, Incorporated
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 1904 North Kenmore Street, South Bend, Indiana, and which is more
particularly described as follows:
300'N & S X 360'E & W Beg Appx 69'N of Sw Cor Se
and which has Key Number 71- 03 -33- 200 - 016.000 -009, be designated as an Economic
Revitalization Area under the provisions of Indiana Code § 6 -1.1 -12.1 et se ., and South Bend
Municipal Code Sections 2 -76 et sec., 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 sue., and
South Bend Municipal Code Sections 2 -76, et se g., 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 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 occupation of the eligible vacant building;
B. 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 occupation of the eligible vacant building;
C. That the proposed occupation of the eligible vacant building will increase the
tax base and assist in the rehabilitation of the Economic Revitalization Area;
D. That the other benefits about which information was requested are benefits that
can be reasonably expected to result from the proposed occupation of the eligible vacant
building; and
E. 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
occupation of the eligible vacant building can be reasonably expected to yield benefits
identified in the Statement of Benefits, 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 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 two (2) years as shown by the attachment
pursuant to Indiana Code 6- 1.1- 12.1 -17.
SECTION VII. The Common Council hereby determines that the annual amount for
which similar buildings in the county were leased or rented or offered for lease or rent
during the period the eligible vacant building was unoccupied is approximately in the
amount of $79,798.64.
SECTION VIII. 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 IV. This Resolution shall be in full force and effect from and after its adoption by the
Common Council and approval by the Mayor. „--
PRESENTED
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