HomeMy WebLinkAboutDesignating Tax Abatement - AAK Properties, LLC 131 S. Taylor St. (3 Year Real Property)Attest:
RESOLUTION
3072 -02
Passed by the Common Council of the City of South Bend, Indiana
March 25,
20 02
(1
Presented by me to the Mayor of the City of South Bend, Indiana
March 26, 20--92
City Clerk
President of Common Council
Approved and signed by me March 26, 2m
City Clerk
�' 1
RESOLUTION NO.
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
131 South Taylor Street
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
THREE (3) YEAR REAL PROPERTY
TAX ABATEMENT FOR
AAK PROPERTIES, 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 131 South Taylor Street, South Bend, Indiana, and which is more
particularly described as follows:
Parcel II: Lots Numbered One (1) to Twelve (12) as shown on the recorded Plat
of Jefferson Place Subdivision in the City of South Bend.
Parcel III: A lot or parcel of land bounded by a line running as follows, viz:
Beginning at the Southeast corner of Bank Out Lot Numbered 46; thence North
on the West line of Taylor Street 103.6 feet; thence West 1303/4 feet; thence
curve to left a distance of 76.3 feet on the perimeter of a circle described with a
radius of 54.2 feet; thence South 90 West 14.68 feet; thence South 44 feet to a
point distant East 31 feet from the Northwest corner of the East Half of Bank
Out Lot Numbered 46; thence East 191.15 feet to the place of beginning, all as
shown on the First Plat of Out Lots of the Town, now City of South Bend,
platted by the State Bank of Indiana.
Parcel IV: Beginning at a point that is 3.27 feet North and 130.75 feet West of
the Northeast corner of Bank Out Lot Numbered 46 of the First Plat of Out Lots
of the Town, now City, of South Bend, platted by the State Bank of Indiana;
thence West 164.20 feet; thence South 26.25 feet; thence West 5.84 feet; thence
South 173.75 feet; thence East 11.30 feet; thence South 49.50 feet; thence West
26.30 feet; thence South on a line parallel with the East line of Scott Street 56.06
feet to the North line of an alley in Weaver's Subdivision, being 2.56 feet South
of the North line ofLot Numbered Forty-nine (49) of said Bank Out Lots; thence
East along the North line of said alley 109.30 feet; thence North 32.35 feet;
thence North 11 °25'00" West 71.50 feet to the Southwest comer of the East Half
of Bank Out Lot Numbered Forty-seven (47); thence North 99.00 feet to the
Northwest corner of the East Half of Bank Out Lot Numbered 47; thence East
31 feet on the North line of said Bank Out Lot Numbered 47; thence North 44.00
feet; thence North 09 °00'00" East, 14.68 feet; thence 76.30 feet along an arc of
a curve concave to the Southeast, with a radius of 54.20 feet, to the point of
beginning.
Excepting therefrom the following three tracts of land:
Tract 1: The East 10.00 feet of the West 152.00 feet of Bank Out Lot Numbered
47 and the East 10.0 feet of the South 24.75 feet of the West 152.00 feet of Bank
Out Lot Numbered 46 in the State Bank of Indiana's First addition of Outlots in
the Town, now City of South Bend.
Tract II: All that part of the West 152.00 feet of the South Half (49.50 feet) of
Bank Out Lot 48 in the State Bank of Indiana's First Addition of Out Lots
presently owned by the Mastic Corporation, and that part of the North 2.56 feet
of Lot 1 in Weaver's Subdivision lying West of a line 152.00 feet East of the
East line of Scott Street in the City of South Bend.
Tract III: Part of Out Lot Numbered Forty-eight (48) in the State Bank of
Indiana's First Addition of Outlots in the Town, now City of South Bend, and
part of Lot Numbered One (1) Weaver's Subdivision, St. Joseph County, Indiana
and being described as follows: Beginning at an iron pin at the Northwest corner
of the East Half of said Outlot 48; thence East along the North line of said Outlot
48 a distance of 70.00 feet to an iron pipe; thence South along a line making an
angle of 90 °05' with the last described course, 55.25 feet to an iron pipe; thence
East on a deflection to the left of 89 039 from the last described course 151.89
feet to an iron pipe; thence South along the West line of Taylor Street, 44.06 feet
to an iron pin at the Northeast corner of Lot 1 in Weaver's Subdivision; thence
West along the South line of said Lot 48 being also the North line of said Lot 1,
a distance of 115.50 feet to a cross in the concrete; thence South a distance of
2.56 feet to a dril hole; thence West along the North line of the existing alley
being parallel to and 2.56 feet South of the South line of Outlot 48 a distance of
176.75 feet to an iron pipe; thence North parallel to and 152.00 feet East of the
East line of Scott Street, 101.56 feet to a drill hole on the North line of said
Outlot 48; thence East along said North line 70.39 feet to the point of beginning.
and which has Key Number 18- 3047 -1801, 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 .,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-
-2-
12. 1, et Leg., 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 ofthe value ofthe 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 ofbenefits 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 thatthe 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.
-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 three (3) 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 ,� -Z C- � Z
NOT APPROVED
ADOPTED 3- 2 -S -02,
Member of the Common Coun il
COMMITTEE REPORT
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
02 -20 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 131 SOUTH
TAYLOR STREET, AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX
ABATEMENT FOR AAK PROPERTIES, 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