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Home My WebLink AboutDesignating Tax Abatement - Rose Fuel & Materials, Inc. 533 S. Chapin St. (6 Year Real Property)Attest: RESOLUTION 3237 -03 Passed by the Common Council of the City of South Bend, Indiana August 25, 20 03 Presented by me to the Mayor of the City of South Bend, Indiana August 26, 20 03 City Clerk President of Common Council Approved and signed by me August 28 20 03 . G City Clerk RESOLUTION NO. 32-U-0-3 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 533 SOUTH CHAPIN STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR South Bend Redevelopment Commission for the benefit of: ROSE FUEL & MATERIALS, INC. 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 533 South Chapin Street, South Bend, Indiana, and which is more particularly described as follows: That part of the Southeast and Southwest Quarters of Section 11, Township 37 North, Range 2 East, Portage Township, City of South Bend, St. Joseph County, Indiana which is described as: Beginning at a point which is N. 00 ( - 00' -36" W., 745.18 feet more or less and N. 89(- 48'59" W., 4.37 feet more or less and N. 00(- 11' -01" E., 63.50 feet more or less from the Southwest corner of the Southeast corner of the Southeast Quarter of said section 11; thence N. 00( - 00' -36" W., 160.00 feet more or less; thence N. 89( - 59' -49" W., 298.90 feet more or less; thence N. 00( - 03'37" E., 244.59 feet more or less; thence N. 40( - 34'41" E., 61.77 feet more or less to the Southerly line of proposed Oliver plow Court; thence around a 60.00 foot radius curve to the left and arc distance of 103.60 feet more or less to the end of a chord which bears N. 81( - 06' -23" E. and having a distance of 91.20 feet more or less; thence around a 25.00 foot radius curve to the right an are distance of 19.16 feet more or less to the end of a chord which bears N. 53( -36' -03" E. and having a distance of 18.70 feet more or less; thence around a 312.00 foot radius curve to the left an arc distance of 43.49 feet more or less to the end of a chord which bears N. 71( - 33' -54" E. and having a distance of 43.45 feet more or less; thence N. 70( - 12' -21" E., 188.77 feet more or less; thence around a 138.00 foot radius curve to the right and arc distance of 247.68 feet more or less to the end of a chord which bears N. 80( -06' -16" E. and having a distance of 47.45 feet more or less; thence N. 89( - 59' -49" E., 67.22 feet more or less; thence around a 138.00 foot radius curve to the right and arc distance of 32.01 feet more or less to the end of a chord which bears S. 83( - 21' -09" E. and having a distance of 31.94 feet more or less; thence S. 00( - 03' -37" W., 558.85 feet more or less; thence N. 89( - 59' -49" W., 210.59 feet more or less to the point of beginning. Containing 4.84 acres more or less. Subject to all legal highways, easements and restrictions of record. and which has Key Number 18- 3061 -2351, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et sea., and South Bend Municipal Code Sections 2 -76 et se q., 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 sec ., and South Bend Municipal Code Sections 2 -76, et sea., 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 ofthe 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 seq., 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 2 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 as Sections I through II of the Petition for Real Property Tax Abatement Consideration and that 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 six (6) 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. PRESENTED NOT APPROVED ADOPTED g ZS-Q3 U [ ember of the Comm n Council Filed in Clerk's Office AUG 15 2003 LORMAJ. DWA Off"W k,80.OMAL TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 03 -94 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 533 SOUTH CHAPIN STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR THE SOUTH BEND REDEVELOPMENT COMMISSION FOR THE BENEFIT OF: ROSE FUEL & MATERIALS, INC. 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. Karl King Chairman