HomeMy WebLinkAboutDesignating Tax Abatement - James F. & Sandra M. McCune 225 Garst St. (5 Year Real Property)Attes
RESOLUTION
3384 -04
Passed by the Common Council of the City of South Bend, Indiana
September 27,
04
20_.
Presented by me to the Mayor of the City of South Bend, Indiana
September 28, 04
20—.
City Clerk
dent of Common Council
Approved and signed by me September 30, 20 04
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City Clerk
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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
225 GARST STREET
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR REAL PROPERTY TAX ABATEMENT FOR
JAMES F. AND SANDRA M. McCUNE
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 225 Garst Street, South Bend, Indiana, and which is more particularly
described as follows:
Key # 18- 8001 -0009
S %2 lot 48 & W %2 vacated alley E & adjacent to South Bend City
Key # 18- 8001 -0010
N %2 lot 47 & W '/2 vacated alley E & adjacent to South Bend City
Key # 18- 8001 -0011
S %2 lot 47 & W %2 vacated alley E & adjacent to South Bend City
Key # 18- 8001 -0012
N %2 lot 46 & W %2 vacated alley W & adjacent to South Bend City
Key # 18- 8001 -0013
S %2 lot 46 & W %2 vacated alley E & adjacent to South Bend City
Key # 18- 8001 -0014
Lot 45 & W %2 vacated alley E & adjacent to South Bend City
as an Economic Revitalization Area; and 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 seq., and South Bend Municipal Code Sections 2 -76, et seq., 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 sea., for tax abatement.
SECTION H. The Common Council hereby determines and finds pursuant to Indiana Code 6-
1.1- 12.1 -3 et. sea. 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 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 the Statement of Benefits form 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 five (5) 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, 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.
ember of the Common Council
SBDS02 PFACCENDA 292646v
PRESENTED
NOT APPROVED 1
ADOPTED 'XS Subs
Filed in Clerk's Office
SEP 2 r W
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
04 -110 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 225 GARST STREET AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE
(5) YEAR REAL PROPERTY TAX ABATEMENT FOR
JAMES F. AND SANDRA M. MCCUNE
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.
Sean Coleman
Chairman