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HomeMy WebLinkAboutDesignating Tax Abatement - Rink Riverside Printing, Inc. 814 S. Main St. (5 Year Personal Property)Attest RESOLUTION NO. 2820 -99 Passed by the Common Council of the City of South Bend, Indiana, December 13, 19 99 Clerk Attest: -E President of Common Council. Presented by me to the Mayor of the City of South Bend, India December 14, 19 99 Approved and signed by me December 15 _ 1999 City Clark Mayor RESOLUTION NO. Z 2_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 814 South Main Street South Bend, IN 46601 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR Rink Riverside Printing, Inc. WHEREAS, a petition for personal property tax abatement consideration has ben 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 814 South Main Street, South Bend, Indiana, and which is more particularly described as follows: EXHIBIT A PARCEL I: All of Lots Numbered One Hundred Nine (109) and One Hundred Ten (I 10) as shown on the recorded Plat of Daniel Garst's 1st Addition to South Bend City, now within and a part of the City of South Bend, together with the East Half of the vacated alley lying West and adjacent to said Lot 110 and also together with the North Half of Tutt Street lying South and adjacent to said Lots 109 and 110. PARCEL II: All of Lots Numbered Two Hundred Fifty -seven (257) and Two Hundred Fifty-eight (258) as shown on the recorded Plat of Daniel Garst's Subdivision of a part of his 1st Addition to South Bend City, now a part of the City of South Bend, together with the North Half of vacated Tutt Street lying South and adjacent to said Lot 258 and also together with the West Half of the vacated alley lying East of and adjacent to said Lots 257 and 258. PARCEL III: All of Lots Numbered Two Hundred Eleven (211) and Two Hundred Twelve (212) as shown on the recorded Plat of Daniel Garst's 1st Addition to South Bend City, now within and a part of the City of South Bend, together with the East Half of the vacated alley lying West of and adjacent to said Lot 211; also together with the South Half of vacated Tutt Street lying North and adjacent to said Lots 211 and 212. PARCEL IV: Beginning at the Northwest corner of Lot 220 in Garst's First Addition to South Bend City now within and a part of the City of South Bend, Indiana, as recorded in Plat Book 3, page 41 in the Office of the Recorder of St. Joseph County, Indiana, said beginning point being the intersection of the South line of said vacated 14 foot alley with the East right -of -way line of Main Street as it existed on January 27, 1988; thence North 0 degrees 00 minutes 00 seconds East (bearing assumed) along said East right -of -way line of Main Street, a measured distance of 52.13 feet to the South line of the North 30.00 feet of said Lot 260; thence North 89 degrees 57 minutes 40 seconds East along said South line and parallel with the North line of said Lot 260, a measured distance of 200.37 feet to the East line of Lot 212 in Garst's First Addition; thence South 00 degrees 10 minutes 21 seconds West along the East line of said Lot 212 a measured distance of 51.93 feet to the Northeast corner of Lot 213 in said Garst's First Addition being also the Southeast corner of a 14 foot alley vacated by Vacation Resolution 3444, thence South 89 degrees 56 minutes 20 seconds West along the South line of said vacated 14 foot alley a measured distance of 200.25 feet to the place of beginning. PARCEL V. All of Lots Numbered Two Hundred Thirteen (213), Two Hundred Fourteen (214), Two Hundred Fifteen (215), Two Hundred Sixteen (216) and the East 10 feet of Lot Numbered Two Hundred Seventeen (217), all as shown on the recorded Plat of Daniel Garst's 1 st Addition to South Bend City, now within and a part of the City of South Bend, EXCEPTING THEREFROM the South 25 feet thereof. PARCEL VI: All of Lots Numbered Two Hundred Eighteen (218), Two Hundred Nineteen (219) and Two Hundred Twenty (220) and the West 15 feet of Lot Numbered Two Hundred Seventeen (217) all as shown on the recorded Plat of Daniel Garst's 1 st Addition to South Bend City, now within and a part of the City of South Bend, EXCEPTING THEREFROM the South 24.5 feet thereof. PARCEL VII: Lot Numbered One (1) as shown on the recorded Plat of Studebaker Corridor First Minor Subdivision recorded November 19, 1992 in the Office of the Recorder of St. Joseph County, Indiana as Document Number 9243312, said lot including the South Half of that portion of vacated Tutt Street lying North of and adjacent to Lot 259 as shown on the recorded Plat of Daniel Garst's Subdivision of part of his First Addition to South Bend. and which has Key Number 18- 3041 -1586 18- 3041 -1583 18- 3042 -1631 18- 3042 -1621 18- 3042 -1630, 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 an an Economic Revitalization Area under Indiana Code 6 -1.1 -12.1, et se g. 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 areas 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 pursuant to Indiana Code 6 -1.1- 12.1-4.5 et sea., that: a. the estimate of the cost of the new manufacturing equipment is reasonable for equipment of that type; b. That the estimate of the number of individuals that will be employed or whose employment will be retained by the Petitioner can reasonably be expected to result from the proposed installation of new manufacturing equipment; C. That the estimate of the annual salaries of those individuals that will be employed or whose employment will be retained by the Petitioner can be reasonably expected to result from the proposed installation of new manufacturing equipment; d. any other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed new manufacturing equipment; and e. the totality of benefits is sufficient to justify the deduction requested. SECTION II. The Common Council hereby determines and finds that the proposed new manufacturing equipment can be reasonably expected to yield the benefits identified in the Statement of Benefits as set forth in Sections 1 through 3 of the Petition for Personal Property Tax Abatement Consideration and that the Statement of Benefits form completed by the petitioner, said form being prescribed by the State Board of Accounts, are sufficient to justify the deduction granted under Indiana Code 6 -1.1- 12.1 -4.5. SECTION III. The Common Council hereby accepts the report and recommendation of the Department of Community and Economic Development, and the Community and Economic Development Committee's favorable recommendation, that the area herein described be designated as an Economic Revitalization Area for purposes of personal property tax abatement and hereby makes such a designation. SECTION IV. The Common Council determines that such designation is for personal property tax abatement only and shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Personal Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VII. This Resolution shall be in full force and effect from and after its adoption by the Common council and approval by the Mayor. alt"'Ca&�e � Member of the Common Council PRESENTED \1-\3 k� NOT APPROVED ADOPTED DEC 0 1 1999 { L 'z YAJ. DUDA CITE CLERK. SD. BEND, IN.