HomeMy WebLinkAboutDesignating Tax Abatement - SGW Realty LLC/Excel Industries Inc. Lots 10-11 of the H.G. Baus Industrial Centre (10 Year Real Property)Attest
RESOLUTION
NO. 2631 -98
Passed by the Common Council of the City of South Bend, Indiana
June 8,
Clerk
Attest
Presented by me to the Mayor of the City of South Bend, Indi
June
9, 98
19
of Common Council.
Approved and signed by me
June 9
City Clerk
UNUM
Mayor
RESOLUTION NO.
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
Lots No. 10 and No. 11 of the H. G. Bans Industrial Centre
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR
SGW Realty LLC/Excel Industries, 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 Lots No.
10 and No. 11 of the H. G. Bans Industrial Centre, South Bend, Indiana, and which is more particularly described as
follows:
A part of the Southeast Quarter (SE 1/4) of Section 20 and part of the Southwest Quarter (SW 1/4)
of Section 21, Township 38 North, Range 2 East, situate in German Township, St. Joseph County,
State of Indiana, and being more particularly described as follows:
Lots numbered ten (10) and eleven (11) as shown on the recorded plat of H. G. Baus Centre - Phase
One, recorded March 16, 1995, as document Number 9507104 in the Office of the Recorder of St.
Joseph County, Indiana.
and which has Key Number 25- 1010 - 036101 and Key Number 25- 1010 - 036102, 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 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
Development Area under Indiana Code 6 -1.1 -12.1, gt sea., and South Bend Municipal Code Sections 2 -76, et sec,
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 Human Resources 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 redevelop-
ment 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 redevelop-
ment 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 IT 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 Human Resources
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 pro-
posed 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
PRESENTED ����9 8
NOT APPROVED
ADOPTED 6 — Q C� Q
U - I D