HomeMy WebLinkAboutConfirming Tax Abatement - Axelberg & Axelberg, LLC 2025 S. Main St. (10 Year Real Property)Attest;
RESOLUTION
3212 -03
Passed by the Common Council of the City of South Bend, Indiana
July 28, 20 03 .
City Clerk
/ 1�14 — President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
July 29, 20 03 .
Approved and signed by me July 30 20 03 .
City Clerk
M.
RESOLUTION NO. 3 2 \ 2' ()3
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
2025 S. MAIN STREET
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR
AXELBERG & AXELBERG,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 2025
S. Main Street, South Bend, Indiana, and which is more particularly described as follows:
Lots 37 to 48 & 14' Vac Alley W & Adj & So 48' Bowman St & Vac Donald St, Bowman's
1" Add.
Ireg Tract Beg 14' W & 18' S of SW Cor Lot 36 Bowman's & Being Pt of W1 /2 SWIA Sec
13 -37 -2E Cont 1.85 Ac +/-
and which has Key Numbers 18- 8011 -0489 and 18- 8012 - 056702, 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 complies 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.
PRESENTED -I -2-S'-03
NOT APPROVED
ADOPTED -7 'a'63
M tuber of the Common douncil
Piled In Clerk's Office
JUL 0 i 2003
LORETTAJ. DWA
CITY CLEM 80. BEND, IN.
1200 COUNTY -CITY BUILDING
SOUTH BEND, INDuNA 46601 -1830
PHONE 574 /235 -9371
FAX 574/235 -9021
TDD 5741235-5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY & ECONOMIC DEVELOPMENT
July 1, 2003 JON R. HUNT
EXECUTIVE DIRECTOR
Council Member Karl G. King, Chairperson
Community & Economic Development Committee
South Bend Common Council
RE: Real Property Tax Abatement Petition for:
Axelberg & Axelberg, LLC (General Sheet Metal Works, Inc.)
Dear Council Member King:
Please find attached the Department of Community & Economic Development's report on a real property
tax abatement petition for the above referenced petitioner. The project calls for the renovation of the
former Alto Steel building located at 2025 S. Main Street. Also attached are a copy of the petition,
Statement of Benefits form and supporting information.
The report contains the Department's findings relative to the above petitions. Axelberg & Axelberg, LLC
is the real estate holding company for General Sheet Metal Works, Inc., which is currently in a significant
growth phase and is in need of more manufacturing space. Axelberg & Axelberg has purchased the
former Alto Steel building at 2025 S. Main Street to accommodate the additional space needs of General
Sheet Metal Works, however the building is in need renovation. The total cost for the renovation has
been estimated at $600,000. The project is expected to create ten new jobs. Axelberg & Axelberg meets
the qualifications for a ten real property tax abatement and a representative of the company will be
available to meet with the Committee on Monday, July 14, 2003.
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.
r1 rely,
Michael Beitzinge
Assistant Director, Economic Development
Attachments
c: South Bend Common Council Members
Mayor Stephen Luecke
Don Inks
Filed In Cleric's Office
JUL
LORETTA J. DUDA
CRY CLERK, BO. BEND, RL
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL &PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT
5741235 -9660 574/235 -9371 ELIZABETH LEONARD
FAx, 5741235 -9697 574/235 -9371