HomeMy WebLinkAboutConfirming Tax Abatement - Trinet Essential Facilities X, Inc. 3310 William Richardson Ct. (6 Year Real Property)Attest:
RESOLUTION
3318 -04
Passed by the Common Council of the City of South Bend, Indiana
April 12,
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City Clerk
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President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
April 13,
Approved and signed by me
APRIL 14,
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RESOLUTION NO. 31 K- O
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3310 WILLIAM RICHARDSON COURT
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
SIX (6) YEAR REAL PROPERTY
TAX ABATEMENT FOR
TRINET ESSENTIAL FACILITIES X, INC.,
For the benefit of. CEQUENT TOWING PRODUCTS, 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 designated the area commonly known as 3310 William
Richardson Court, South Bend, Indiana, and which is more particularly described as follows:
Toll Road Industrial Park, Phase IL Section One, Lot One and
Section Two, Lot Two
and which has Key Number 25- 1013- 021605, 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, except for $12,800 of the total rehabilitation cost as to which the Petitioner
did not comply with Indiana Code 6 -1.1- 12.1- 11.3(a)(3).
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, and is further
limited by a reduction of $12,800 from the totals assessed value for purposes of computing tax
abatement due to Petitioner's non - compliance with Indiana Code 6 -1.1- 12.1- 11.3(a)(3).
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 six (6) years, and further determines
that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South
Bend and Indiana Code 6- 1.1 -12 et se q., except for a portion of the project representing $12,800.
SECTION III. This Resolution shall be in full force and effect from and after its adoption by the
Common Council and approval by the Mayor.
PRESENTED
NOT APPROVED
ADOPTED -\- \2 Qy
Member of the Common Council
Flied In Clerk's Office
EW:2. 3 2004
JOHN VOORDE
CRY Ot ERK, SO.,9END, IN.
1200 CouNTY-Cny BUILDING
SOUTH BEND, INDIANA 46601 -1830
March 17, 2004
PHONE 574/ 235-9371
FAx 574/ 235 -9021
TDD 574/ 235 -5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY & ECONOMIC DEVELOPMENT
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 Property Tax Abatement Petition for:
TriNet Essential Facilities X, Inc., for the benefit of: Cequent Towing Products, Inc.
3310 William Richardson Court
Dear Council Member Kelly:
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 the rehabilitation of an
existing distribution facility at 3310 William Richardson Court. 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 petitioners, TriNet
Essential Facilities X (building owner) and Cequent Towing Products (operating entity), plan to
rehabilitate the distribution facility at 3310 William Richardson Court. The total cost is estimated to be
$860,366. The petitioners are seeking a six (6) year real property tax abatement. Please note that a
building permit has already been issued for this project making it ineligible for abatement, however the
petitioners would still like to be considered for the abatement and the attached report details the
circumstances regarding the building permit. Representatives of the two companies will be available to
discuss this abatement request with the Committee on Monday, March 22, 2004.
Should you o r a ny o f t he o ther C ouncil in embers h ave any questions concerning t he r eport o r n eed
additional information, please feel free to call me at 235 -5828.
cerely, �oc
Terry J O'Brien
Economic Development Specialist
Attachments
c: South Bend Common Council Members
Mayor Stephen Luecke
COMMUMTY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM
PAMELA C. MEYER DONALD E. INxs MANAGEMENT
574/235 -9660 5741235 -9371 EuzAsnm LEONARD
FAx: 574/235 -9697 574/235 -9371