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Home My WebLink AboutDesignating Tax Abatement - Imagineering Properties, LLC. 4521 NImtz Parkway (10 Year Real Property)RESOLUTION 3538 -05 Passed by the Common Council of the City of South Bend, Indiana November 28, 05 20_. Attest: Presented by me to the Mayor of the City of South Bend, Indiana November 29, 20 05 City Clerk President of Common Council Approved and signed by me November 29, 20.5. _, City Clerk =-:j 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 4521 NIMTZ PARKWAY AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR IMAGINEERING PROPERTIES, 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 4521 Nimtz Parkway, South Bend, Indiana, and which is more particularly described as follows: A PART OF THE SOUTHWEST QUARTER (SW '/4) OF SECTION 21, TOWNSHIP 38 NORTH, RANGE 2 EAST, SITUATE IN GERMAN TOWNSHIP, CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA AND BEING MORE PARTICULARYL DESCRIBED AS FOLLOWS: COMMENCING AT AN IRON PIPE MARKING THE NORTHWEST CORNER OF THE SOUTHWEST QUARTER (SW '/4) OF SAID SECTION 21; THENCE SOUTH 00'23'18" EAST ALONG THE WEST LINE OF SAID QUARTER SECTION A DISTNACE OF 973.15 FEET TO A POINT ON THE NORTH RIGHT -OF -WAY LINE OF F.J. NIMTZ PARKWAY (DOCUMENT # 94- 45142; THENCE SOUTH 60'00'07" EAST ALONG THE NORTH LINE OF SAID NIMTZ PARKWAY A DISTANCE OF 352.47 FEET TO AN IRON PIPE MARKING THE PLACE OF BEGINNING OF THIS DESCRIPTION SAID POINT BEING THE SOUTHEASTERN MOST CORNER OF H.G. BAUS CENTRE PHASE I, SAID PLAT BEING RECORDED IN DOCUMENT NO. 95- 07104. OFFICE OF THE RECORDER, ST. JOSEPH COUNTY, THENCE NORTH 29' 59'53" EAST ALONG THE SOUTHEASTERLY LINE OF SAID BAUS CENTRE A DISTANCE OF 483.40 FEET TO A POINT OF CURVATURE; THENCE NORTHEASTERLY ALONG THE EASTERLY LINE OF SAID BAUS CENTRE AND ALONG A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 170.00 FEET ANDAN ARC LENGTH OF117.97 FEET (TANGENT= 61.47'. CHORD BEARING AND DISTANCE = NORTH 49 '52'44" EAST = 115.62', DELTA = 39'45'41 ") TO THE EAST MOST CORNER OF SAID BAUS CENTRE; THENCE ALONG A COMPOUND CURVE TO THE RIGHT HAVING A RADIUS OF 228.33 FEET AND AN ARC LENGTH OF 168.38 FEET (TANGENT= 88.22 ', CHORD BEARING AND DISTANCE = SOUTH 89'06'53" EAST = 164.59', DELTA = 42 '15'06 ") TO A POINT OF TANGENCY; THENCE SOUTH 67'59'20" EAST 380.57 FEET; THENCE SOUTH 29'59'53" WEST A DISTANCE OF 725.09 FEET TO A POINT ON THE NORTH LINE OF F.J. NIMTZ PARKWAY RECORDED IN DOCUMENT NO. 9445142 OFFICE OF THE RECORDER, ST. JOSEPH COUNTY; THENCE NORTH 60'00'07" WEST ALONG THE NORTHLY LINE OF SAID NIMTZ PARKWAY A DISTANCE OF 560.00 FEET TO THE PLACE OF BEGINNING OF THIS DISCRIPTION CONTAINING 8.67 ACRES. and which has Key Number 25- 1010 - 036104, 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 and Economic Development 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 sue., 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 and Economic Development 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 sec l., 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 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 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 ten (10) years. 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. Member of the Common Codicil SBDS02 RJD 3163041 II PRESENTED 6 NOT APPROVED ADOPTED Filed In CleWs Office Nov 2 3 2025 annnof TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 05 -139 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 4521 NIMTZ PARKWAY AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR IMAGINEERING PROPERTIES, 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. Roland Kelly Chairman