HomeMy WebLinkAboutDesignating Tax Abatement - Appletree Associates (PEI Genesis, Inc.) 1915 N. Bendix Dr. (6 Year Real Property)Attest:
RESOLUTION
3077 -02
Passed by the Common Council of the City of South Bend, Indiana
April 8, 2002
Presented by me to the Mayor of the City of South Bend, Indiana
April 9, 20 02
City Clerk
President of Common Council
Approved and signed by me
2002
City Clerk
=21
RESOLUTION NO. 307 7— 0
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
1915 N. BENDIX DRIVE
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES
OF A SIX (6) YEAR REAL PROPERTY
TAX ABATEMENT FOR
APPLETREE ASSOCIATES
(PEI GENESIS, 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 1915 N. Bendix Drive, South Bend, Indiana, and which is more
particularly described as follows:
A part of the Southeast Quarter (1/4) of the Northeast Quarter (1/4) of Section
Thirty -Three (33), Township Thirty -Eight (38) North, Range Two (2) East,
Portage Township, City of South Bend, St. Joseph County, Indiana, more
particularly described as follows:
Beginning at a found Three - Quarter (3/4) inch iron pipe at the West right -of -way
line of Bendix Drive which is North 00 degrees 00 minutes 25 seconds East,
232.03 Feet (North 00 Degrees 07 Minutes 29 Seconds East, 232.38 Feet record)
and North 89 degrees 44 minutes 04 seconds West, 40.00 Feet (North 89 degrees
40 minutes 09 seconds West, 40.00 Feet record) from the East Quarter (1/4) post
of said Section Thirty-Three (33); thence North 89 degrees 44 minutes 04 seconds
West (North 89 degrees 40 minutes 09 seconds West record) a distance of 661.80
feet (661.97 feet record) to a found Three Quarter (3/4) inch iron pipe; thence
North 00 degrees 00 minutes 25 seconds East (North 00 degrees 07 minutes 29
seconds East record) a distance of 290.69 feet (290.79 feet record) to a found
three - quarter (3/4) inch iron pipe; thence North 89 degrees 52 minutes 20 seconds
East (North 89 degrees 56 minutes 16 seconds East record) a distance of 661.79
feet (661.94 feet record) to a found five - eighths (5/8) inch rebar at the West right -
of -way line of Bendix Drive; thence South 00 degrees 00 minutes 25 seconds
West (South 00 degrees 07 minutes 02 seconds West record) along said right -of-
way line a distance of 295.24 feet (295.33 feet record) to the point of beginning,
containing 4.45 acres, more or less, subject to all public highways and any
easements of record, if any.
and which has Key Number 25 -1006- 0301.01, to be designated as an Economic Revitalization
Area under the provisions of Indiana Code 6 -1.1 -12.1 et seq., and South Bend Municipal Code
Sections 2 -76 et seq.; 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 seq., 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 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 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.
-2-
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 H 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 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.
ember of the Commo ouncil
-3- MAR 2 61 2002
PRESENTED AA ADZ
NOT APPROVEDC�
ADOPTED
COMMITTEE REPORT
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
02 -26 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 1915 N. BENDIX
DRIVE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR APPLETREE
ASSOCIATES (PEI GENESIS, 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