HomeMy WebLinkAboutConfirming Tax Abatement - Rescue, Inc. & Hope Housing LP 432 S. Lafayette St. (10 Year Real Property)Attest:
RESOLUTION
41i1101.3 1IR3
Passed by the Common Council of the City of South Bend, Indiana
March 10, 20 03
Presented by me to the Mayor of the City of South Bend, Indiana
March 11, 20 03
City Clerk
President of Common Council
Approved and signed by me March 11 20 03 .
City Clerk
0
RESOLUTION NO. 3 M - u
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
432 S. LAFAYETTE STREET
TO BE AN ECONOMIC REVITALIZATION AREA
FOR PURPOSES OF A TEN (10) YEAR
REAL PROPERTY TAX ABATEMENT FOR
RESCUE, INC. AND HOPE HOUSING L.P.
WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory
Resolution designating certain areas within the City as Economic Devitalization Areas for the purpose
of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known as 432 S. Lafayette
Street, South Bend, Indiana, and which is more particularly described as follows:
A Part of the Southwest Quarter of Section 12, Township 37 North, Range 2
East, Portage Township, City of South Bend, St. Joseph County, Indiana, and
more particularly described as; Lots 52, 53 and 54 of Samuel Martin's Addition
and which has Key Number 18- 3015 -0556, 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.
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 -2-
ADOPTED
re
Member ofthe Common Council
Filed in Clerk's Office
FEB 18 2003
LORET7AJ. DUDA
CITY CLERK, 80. SEND. K
1200 COUNTY -CITY BUILDING
SOUTH BEND, INDIANA 46601 -1830
PHONE 574/235 -9371
FAx 574/235 -9021
TDD 5741235-5567
CITY OF SOUTH BEND STEPHEN J. LUEcM MAYOR
COMMUNITY & ECONOMIC DEVELOPMENT
JON R. HUNT
February 18, 2003 EXECUTIVE DIRECTOR
Council Member Karl King, Chairperson
Community & Economic Development Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
RE: Real Property Tax Abatement Petition for:
RESCUE, INC.
Dear Council Member King:
Please find attached the Department of Community & Economic Development's report on a real property
tax abatement petition for Rescue, Inc. for property located at 432 S. Lafayette Street. 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 attached petition. Rescue, Inc. is the owner
of the property at 432 S. Lafayette Street, which is the former Ries Furniture store. They plan on
completely renovating the building into a new shelter for families. A portion of the building will be
leased to Hope Housing L.P. Hope Housing will be responsible for real property taxes on the portion
of the building that they will own, and are therefore seeking a 10 year abatement on that portion. Please
see the attached report and petition for further detail on the project. This project meets the qualifications
for a ten (10) year real property tax abatement and a representative from Rescue, Inc. will be available
to meet with the Committee on Monday, February 24, 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.
in erely,
Michael Beitzinger
Assistant Director, Tc7onomic Development
Attachments
c: South Bend Common Council Members
Mayor Stephen Luecke
Jon Hunt
Filed in Clerk's Office
9 toT'.�1�ai
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT
574/235 -9660 5741235 -9371 ELRAEETN LEONARD
FAx: 574/235 -9697 5741235 -9371