HomeMy WebLinkAboutConfirming Tax Abatement - Steel Warehouse Company, Inc. 1400 Riverside Dr. (5 Year Personal Property)Attes
RESOLUTION
3382 -04
Passed by the Common Council of the City of South Bend,
September 27,
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Presented by me to the Mayor of the City of South Bend, Indiana
September 28, 20 04
City Clerk
dent of Common Council
Approved and signed by me September 30, 20 04
City Clerk
Ilk' ..
RESOLUTION NO. 382 1
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OFSOUTH BEND, INDIANA, COMMONLY
KNOWN AS
1400 RIVERSIDE DRIVE
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
STEEL WAREHOUSE COMPANY, 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 declared an area commonly known as 1400
Riverside Drive, South Bend, Indiana, and which is more particularly described as
follows:
Beginning at the Southeast corner of the Southwest 1/4 of said Section 35; thence South
89 49'52" West (bearing assumed) along the South line of said Section, 308.97 feet;
thence North 89 55'00" West, 116.24 feet; thence North 00 00'27" West, 12.00 feet to the
North line of a 12 foot alley; thence North 89 55'00" West along said North line of alley,
236.61 feet to a point 120.00 feet South 89 55'00" East of the East line of Kessler
Boulevard, 128.00 feet to a point on the South line of King Street, 180.00 feet South 89
55'18" East of the Northeast corner of Lot 10 as shown on the Second Plat of Northwest
Addition to the city of South Bend recorded April 6, 1906 in Plat Book 0. pages 30 and
31; thence South 89 55'18" East along the South line of King Street, 352.84 feet; thence
North 00 00'27" West., 194.85 feet to a point on the centerline of the East and West 14
foot alley between King Street and McCartney Street produced East; thence North 00
06'09" East, 128.81 feet; thence North 89 46'49" East 287.05 feet to the Westerly line of
Riverside Drive; thence South 16 37'15" West along a chord subtending said Westerly
line of Riverside Drive, 455.43 feet to the South line of Said Section 35; thence North 90
0000" West along said South line, 156.71 feet to the point of beginning.
Commencing at the Southeast corner of the 1/4 of said Section 35; thence North 00
00'30" West (bearing assumed) along the East line of said Southwest 1/4 a distance of
463.14 feet to the Point of Beginning for the following described tract; thence continuing
North 00 00'30" West along said East line 336.00 feet to the South line of Queen Street;
thence South 89 56'09" West along said South line of Queen Street 176.60 feet; thence
North 00 02'36" East 195.00 feet to the centerline of the East and West 14 foot alley
between Kinyon Street and Queen Street; thence South 89 56'09" West along said
centerline of alley, 131.27 feet; thence South 00 06'09" West along the East line of Lot
145 in the Third Plat of Northwest Addition recorded March 7, 1907 in Plat Book 9, page
60 in the Office of the St. Joseph County Recorder and its Northerly and Southerly
extensions, 195.00 feet to the south line of Queen Street; thence South 89 56'09" West
along said south line of Queen Street, 12.93 feet to the East line of Allen Street; thence
South 00 05'51" West along said east line of Allen Street, 329.87 feet to the South line of
McCartney Street; thence South 89 58'27" East along said South line of McCartney
Street, 12.91 feet; thence South 00 06'09" West 6.11 feet; thence North 89 56'09" East
308.71 feet to the Point of Beginning.
which has Key Numbers 18- 2110 -4065, 18- 2110 -4066, and 18- 2110 -4067 as an
Economic Revitalization Area; under the provisions of Indiana Code 6 -1.1 -12.1 et sue.,
and So nth Bend Municipal Code Sections 2 -76 et seq., 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 Personal 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 Personal property tax deduction for a period of five (5) 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 sees.
SECTION III. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approval by the ayor.
mber of the Common Co4ncil
PRESENTED 0� -2 I -0�
NOT APPROVED
ADOPTED- Z'1 -��
Filed In Clerk's Office
SEP - 7 2004
1200 COUNTY -CHY BUILDING
227 W. JEFFERSON BOULEVARD
SOUTH BEND, INDIANA 46601 -1830
August 31, 2004
PHONE 574/235 -9371
FAR 574/235 -9021
TDD 574/ 235 -5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY & ECONOMIC DEVELOPMENT
SHARON T. KENDALL
EXECUTIVE DIRECTOR
Council Member Roland Kelly, Chairperson
Community & Economic Development Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
RE: Commercial Real and Personal Property Abatement Petitions for:
Steel Warehouse Company, hic.
2722 Tucker Drive /1400 Riverside Drive
Dear Council Member Kelly:
Please find attached the Department of Community & Economic Development's report on commercial real
and personal property tax abatement petitions for the above referenced petitioner, for a building addition and
new equipment. Also attached are copies of the petitions, Statement of Benefits forms and supporting
information.
The report contains the Department's findings relative to the above petition. The petitioner, plans to add a
12,500 sft building addition to the Tucker Drive location at a cost of $638,000, and new manufacturing
equipment at a cost of not less than $1.3 million for the Tucker Drive location and $935,000 for their
Riverside Drive facility (please see the staff report for specific project information). A representative ofthe
petitioner will be available to meet with the Committee on Monday, September 13, 2004.
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 -5835.
Michael Beitzinger
Assistant Director, Economic Development
Attachments
c: South Bend Common Council Members
Mayor Stephen Luecke
Sharon Kendall
COMMUNITY DEvFLoPMENT ECONOMIC DEVELOPMENT FINANCIAL SL PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT
574/235 -9660 5741235 -9371 ELIZABETH LEONARD
FAR: 5741235 -9697 574/235 -9371