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HomeMy WebLinkAboutConfirming Tax Abatement - J & J Leasing LLC 110 S. Hill St. (10 Year Real Property)Attest: RESOLUTION 3051 -01 Passed by the Common Council of the City of South Bend, Indiana November 12, 20 01 Presented by me to the Mayor of the City of South Bend, Indiana November 13, 20 01 City Clerk President of Common Council Approved and signed by me November 13, 2001 City Clerk �11�' . RESOLUTION NO. 30 Q-0 1 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 110 SOUTH HILL STREET TO BE 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, the Common Council of the City of South Bend, Indiana, has adopted Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated 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 491/2 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 -rive (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, 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. 2 NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. 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 trillion. The petitioner also projects to add as many as 150 new positions to its payroll over the next five years. 2. 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. The petitioner cites the enormous costs associated with this project, with total project costs estimated to exceed $7 million. SECTION II. 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 III. 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, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et sea. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. PRESENTED NOT APPROVED ADOPTED Member of the Common CMincil 1 � 201 [O:C ..._r....�,_._ 1.�k,A -,T1TA J. 0,50A C" CL €M,. $0. E31OW7 !M.