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Home My WebLink AboutDesignating Tax Abatement - J & J Leasing LLC 110 S. Hill St. (10 Year Real Property)Attest: RESOLUTION 3045 -01 Passed by the Common Council of the City of South Bend, Indiana October 22, 01 20_ 1 Presented by me to the Mayor of the City of South Bend, Indiana October 23, 01 20 Approved and signed by me October 23, City Clerk President of Common Council 20 O1 . City Clerk �W RESOLUTION NO. 36 I S -O 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 110 SOUTH HILL STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR J & J LEASING, LLC (Underwriters Laboratories/ Environmental Health Laboratories) 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 110 South Hill Street, South Bend, Indiana, and which is more particularly described as follows: That part of the Northeast Quarter of Section 12, Township 37 North, Range 2 East, Portage Township, City of South Bend, St. Joseph County, Indiana which is described as: Lots 171 and 172 of the Plat of "Samuel L. Cottrell's Addition to the City of South Bend" as recorded in Plat Book #1 on Page #49 the Records of the St. Joseph County, Indiana Recorder's Office and Lot #178A of the Plat of " Cottrell's Addition First RePlat" as recorded in the records of said recorder and also the proposed Vacated 14 Ft. Wide North and South Alley located between said lots described above. Containing 1.14 Acres more or less. Subject to all legal highways, easements and restrictions of record. Lots or parts of Lots as shown on the recorded Plat of Samuel L. Cottrell's First Addition to the Town of Lowell, now within and a part of the City of South Bend, in St. Joseph County, Indiana, viz: The East Half of Lots numbered One Hundred Seventy -Seven (177) and One Hundred Seventy -eight (178), and A lot or parcel of land 33 feet in width, East and West, taken off of and from the entire length of the East side of the West Half of Lots Numbered One Hundred Seventy- Seven (177) and One Hundred Seventy-Eight (178), and Part of Lot Numbered One Hundred Seventy -Nine (179) described as beginning at the Northeast corner of said Lot 179; running thence West on the North line of said lot, 120 feet; thence South 33 feet; thence East 120 feet; thence North 33 feet to the place of beginning. A lot or parcel of land 491/z feet in width, East and West, taken off of and from the entire width of the West ends of Lots Numbered One Hundred Seventy -Seven (177) and One Hundred Seventy -Eight (178) as shown on the recorded Plat of Samuel L. Cottrell's First Addition to the Town of Lowell, now within and a part of the City of South Bend, excepting therefrom a strip of land 12 feet in width, North and South, taken off of and from the entire width of the South end thereof. More commonly known as 616 E. Washington Street, South Bend, Indiana. A lot or parcel of land 46 feet in width, East and West, taken off of and from the entire width of the West Ends of Lots Numbered One Hundred Sixty -Four (164) and One Hundred Sixty -five (165) as shown on the recorded Plat of Samuel L. Cottrell's Addition to the Town of Lowell, now within and a part of the City of South Bend Part of Lots numbered One Hundred Sixty-Four (164) and One Hundred Sixty - Five (165) as shown on the recorded Plat of Samuel L. Cottrell's Addition to the Town of Lowell, now within and a part of the City of South Bend, described as beginning at a point 36 feet West of the Northeast Corner of said Lot Numbered 164 on the North line of said lot; thence running South 88 feet; thence West 12 feet; thence North 88 feet to the North line of said Lot numbered 164; thence East 32 feet to the place of beginning. (The commonly known addresses of the above properties are: 110 S. Hill Street, 616 East Washington Street, 109 South St. Louis Street, and 524 East Washington Street) and which has Key Numbers 18- 5011 -0307, 18 -5011 -0308, 18 -5011 -0309, 18 -5011 -0310, 18- 5011 -0321, 18 -5011 -0322, 18 -5011 -0322, 18 -5011- 0321.01, 18 -5010 -0297, 18 -5010- 0294„ respectively, 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 sea., 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 sue., 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. 2 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 seg., 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 benefits identified in the Statement of Benefits set forth as Sections 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 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 pursuant to Section 2 -84 of the South Bend Municipal Code finds the ten (10) years is the appropriate and rational time period for this tax abatement in light of the following: The petitioner currently employs over 103 people in the South Bend office and has an annual payroll of over $3.9 million. The petitioner also projects to add as many as 150 new positions to its payroll over the next five years. Environmental Health Laboratories (EHL), in conjunction with Underwriters Laboratories (UL), which is the largest public safety testing company in the world, are dedicated to public safety and to the communities they are a part of. 3. The petitioner cites the enormous costs associated with this project, with total project costs estimated to exceed $7 million. 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. pRISENTID 10 ^L�, NOT AV; ROVED ADOPTED Member of the Common ftuncil OCT 1 E 2w f L'ar 'x t� 3 L•S _ , COMMITTEE REPORT TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 01 -87 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 110 SOUTH HILL STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR J & J LEASING, LLC (UNDERWRITERS LABORATORIES/ENVIRONMENTAL HEALTH LABORATORIES) 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. Andrew Udjak Chairman