HomeMy WebLinkAboutDesignating Tax Abatement - LaSalle Property Management Co. LLC 237 N. Michigan St. (10 Year Real Property)Attest:
RESOLUTION
3090 -02
Passed by the Common Council of the City of South Bend, Indiana
ril22, 20 02.
Presented by me to the Mayor of the City of South Bend, Indiana
April 23, 20 02
City Clerk
President of Common Council
Approved and signed by me April 23,
20 02 .
City Clerk
RESOLUTION NO. O 9 D- o Z
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
237 NORTH MICHIGAN STREET
AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A TEN (10) YEAR REAL PROPERTY
TAX ABATEMENT FOR
LASALLE PROPERTY MANAGEMENT CO., LLC
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 237 N. Michigan Street, South Bend, Indiana, and which is more
particularly described as follows:
All of Lots Numbered One (1), Two (2); also, Lot Numbered Three (3) all as
shown on the Original Plat of the Town, now City of South Bend EXCEPTING
THEREFROM the following described real estate: Commencing at a point 7
feet South of the Southeast corner of Lot Numbered Three (3); thence North
39.55 feet to a point on the East line of said Lot Numbered Three (3); thence
West 172.88 feet, more or less, to the center line of a 14 foot public alley;
thence South along the center line of said alley, 39.3 feet, more or less, to the
center line of a public alley; thence East along the center line of said public
alley to the point of beginning
and which has Key Numbers 18 -1002 -0041 and 18 -1002 -0042, be designated as an Economic
Revitalization Area under the provisions of Indiana Code 6- 1.1- 12.1 -1 et seq., and South Bend
Municipal Code Sections 2 -76 et SeMc .; 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-
12.1-1, et seq., and South Bend Municipal Code Sections 2 -76 et sue., 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 -1 et sue, and qualified under the relevant provisions of
South Bend Municipal Code Sections 2 -76 et sec.., 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
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 the benefits identified in the
Statement of Benefits as set forth in Section 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
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 ten (10) 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.
-2-
PRESENTED
NOT APPROVED
ADOPTED -tL-OZ
Jklernber of the Common Council
Filed In Clerk's Office
H APR 1 5 F
LCNETTAJ. DUDA
CI7YCLERK, So. SEND, IN.
COMMITTEE REPORT
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
02 -37 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 237 NORTH
MICHIGAN STREET AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT
FOR LASALLE PROPERTY MANAGEMENT CO., LLC
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