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Home My WebLink AboutDesignating Tax Abatement - Uniroyal Techology Corp. 2001 W. Washington St. (10 Year Real Property)Attest RESOLUTION NO. 2815 -99 Passed by the Common Council of the City of South Bend, Indiana, November 22, ,a 99 Clerk Attest: President of Common Council. Presented by me to the Mayor of the City of South Bend, Indiana November 23, 19 99 City Clerk Approved and signed by me November 29 _ 199_. Mayor RESOLUTION NO. Z $ I S - 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 2001 WEST WASHINGTON STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR UNIROYAL TECHNOLOGY CORPORATION 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 2001 West Washington Street, South Bend, Indiana, and which is more particularly described as follows: PARCELI Lots Numbered 67, 68, 69, 70, 71, 72, 73, 74, 75, 76 and 77 as shown on the recorded plat of Clement Studebaker's Oak Grove Subdivision in the City of South Bend, recorded in Plat Book 7, page 4 in the Office of the Recorder of St. Joseph County, Indiana. EXCEPTION TO PARCEL I A part of Lots Numbered 67 and 68 as shown on the recorded plat of Clements Studebaker's Oak Grove Subdivision in the City of South Bend, which part is bounded by a line running as follows: beginning at a point 35 feet West of the Northeast corner of said Lot Numbered 67; thence running West 36 feet: thence South to the South line of said Lot Numbered 68, thence East on said South line 36 feet; thence North to the place of beginning. IJMTOWN1l Lots Numbered 1, 2, 3, 4, and 5 as shown on he recorded plat of Hosinski's Subdivision of Lot Numbered 43 in College Grove Addition to the City of South Bend, recorded April 6, 1920 in plat book 10, page 103 in the Office of the Recorder of St. Joseph County, Indiana. PARCEL III Lots Numbered 28, 29, 30, 31, 32, 33, inclusive and Lots Numbered 44, 45, 46, 47 and 48 and Lots Lettered A as shown on the recorded plat of College Grove, an addition to the Town Now City of South Bend. PARCEL IV The vacated Grant, Johnson and Brookfield Streets running from the North line of Washington Avenue and the South line of Orange Street; also the vacated Colfax Avenue running from the West line of Jackson Street to the West line of Lot 48 in College Grove Addition extended North; also the vacated alley lying West and adjacent to Lots 1, 2, 3 and 5 Hosinski's Subdivision. PARCEL V An easement from ingress and egress in, upon and over the following described real estate: beginning at a point 4 1/2 feet West of the Northeast corner of Lot 30 in College Grove Addition; thence North on a line parallel to the East line of Lot 30 a distance of 10.00 feet; thence East on a line parallel with the North lines of Lot 29 and 30 a distance of 105.00 feet; thence South on a line parallel to the West lot line of Lot 29 a distance of 10.00 feet to a point on the North line of Lot 29, said point being 37.00 feet East of the Northwest corner of Lot 29; thence West on and along the North line of Lot 29, extended across vacated Johnson Street, and the North line of Lot 30, a distance of 105.00 feet to the point of beginning. and which has Key Number 18- 2003 -0032, 18- 2020 -0590, 18- 2020 -0591, 18 -2020- 0592, 18- 2020 -0596, 18- 2020 -0599, 18- 2020 -0602, 18- 2020 -0605, 18- 2020 -0608, 18- 2020 -0611, 18- 2020 -0618, 18- 2020 -0619, 18- 2020 -0620, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et se g., and South Bend Municipal Code Sections 2 -76 e 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 seq., and South Bend Municipal Code Sections 2 -76, g " se 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 sea., 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 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. Member of the Common Council PRESE"d - ,)� -Lzay NOV APPROVED ADOPTED I 1 -1.1-0 1 Filed In Clerk's Office =IR LORMAJ. EWDA C"CLFJ S0.8F9&. A,