HomeMy WebLinkAboutConfirming Tax Abatement - Imagineering Properties, LLC 4521 Nimtz Parkway (10 Year Real Property)RESOLUTION
3545 -05
Passed by the Common Council of the City of South Bend, Indiana
December 12,
Attest:
05
20_.
Presented by me to the Mayor of the City of South Bend, Indiana
Decemoer 13, 05
20—.
City Clerk
President of Common Council
Approved and signed by me December 13 —2005 .
City Clerk
RESOLUTION NO.
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
4521 NIMTZ PARKWAY
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A TEN (10) YEAR REAL
PROPERTY TAX ABATEMENT FOR
IMAGINEERING PROPERTIES, LLC
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 4521 Nimtz
Parkway, South Bend, Indiana, and which is more particularly described as follows:
A PART OF THE SOUTHWEST QUARTER (SW ' /a) OF SECTION 21, TOWNSHIP 38
NORTH, RANGE 2 EAST, SITUATE IN GERMAN TOWNSHIP, CITY OF SOUTH BEND,
ST. JOSEPH COUNTY, INDIANA AND BEING MORE PARTICULARLY DESCRIBED AS
FOLLOWS:
COMMENCING AT AN IRON PIPE MARKING THE NORTHWEST CORNER OF THE
SOUTHWEST QUARTER (SW 1/4) OF SAID SECTION 21; THENCE SOUTH 00'23'18"
EAST ALONG THE WEST LINE OF SAID QUARTER SECTION A DISTANCE 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 AND
AN 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 NORTHERLY LINE OF SAID NIMTZ PARKWAY A
DISTANCE OF 560.00 FEET TO THE PLACE OF BEGINNING OF THIS DESCRIPTION
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and which has Key Number 25- 1010 - 036104, 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 held a public hearing for the purposes of hearing all remonstrances 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 ten (10) years, 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.
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RESENTED IZ -1Z-O�
�\iOT APPROWZ
ADOPTED tZ-U-
Filed In Clerk's Office
NOV 2 3 2005
JOHN VOORDE
CITY CLERK SO. SEND. N1.
1200 Co m -CITY BUILDING
227 W. JEFFERSON BOULEVARD
SOUTH BEND, INDIANA 46601 -1830
PHONE 574/235 -9371
FAX 574/235 -9021
TDD 574/ 235 -5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY & ECONOMIC DEVELOPMENT
November 21, 2005
SHARON T. KENDALL
EXECUTIVE DIRECTOR
Council Member Ann Puzzello, Chairperson
Community & Economic Development Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
RE: Commercial Real Property Tax Abatement Petition for:
IMAGINEERING PROPERTIES, LLC
Dear Council Member Puzzello:
Please find attached the Department of Community & Economic Development's report on a
commercial real property tax abatement petition for the above referenced petitioner, for construction
of a facility located at 4521 Nimtz Parkway. Also attached is a copy of the petition, Statement of
Benefits form, and supporting information.
The report contains the Department's findings relative to the above petition. The petitioner,
Imagineering Properties, L.L.C., proposes to build a new 80,000 sq. ft. building. The total cost is
estimated to be $4,500,000. Imagineering Properties, L.L.C. is seeking a ten (10) year real property
tax abatement and a representative of Imagineering Properties, L.L.C. will be available to meet with
the Committee on Monday, November 28, 2005.
Should you or any of the other Council members have any questions concerning the report or need
additional information, please feel free to call me at 235 -5825.
Sincerely,
i'd'/I fvi�
edd Schaffer
Economic Development Specialist
Attachments
C: South Bend Common Council Members
Mayor Stephen Luecke
Sharon Kendall
Don Inks
Bob Mathia
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT
574/235 -9660 574/235 -9371 ELIZABETH LEONARD
FAX: 574/235 -9697 574/235 -9371