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HomeMy WebLinkAboutDesignating Tax Abatement - Memorial Health System Inc./Memorial Hospital of South Bend, Inc. 100 Navarre Pl. (6 Year Real Property)RESOLUTION NO. 2649 -98 Passed by the Common Council of the City of South Bend, Indiana, July 13, Attest: 1 Presented by me to the Mayor of the City of South Bend, Indiana July 14, 1998 Approved and signed by me July 20 Clerk of Common Council. City Clerk Mayor RESOLUTION NO. 0?6 / q' y9 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 100 Navarre Place South Bend, Indiana AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR MEMORIAL HEALTH SYSTEM, INC. /MEMORIAL HOSPITAL OF SOUTH BEND, INC. WHEREAS, a petition for real property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 100 Navarre Place, South Bend, Indiana, and which is more particularly described as follows: PARCEL I: The West 25 feet of Lot Numbered One Hundred Forty-five (145) as shown on the Original Plat of the Town, now City of South Bend, St. Joseph County, Indiana. PARCEL II: Lot Numbered One Hundred Forty-five (145) as shown on the Original Plat of the Town, now City of South Bend, excepting therefrom 25 feet taken off of and from the entire West side of said Lot Numbered 145. PARCEL M. The North Half of Lot Numbered One Hundred Forty -six (146) as shown on the Original Plat of the Town, now City of South Bend. PARCEL IV: The South Half of Lot Numbered One Hundred Forty-six (146) as shown on the Original Plat of the Town, now City of South Bend. PARCEL V: Lot Numbered One Hundred Forty -seven (147) as shown on the Original Plat of the Town, now City of South Bend, together with the vacated 14- foot alley lying South and adjacent to Lot 147. PARCEL VI: Lots Numbered One Hundred Forty-eight (148), One Hundred Forty -nine (149) and One Hundred Fifty (150) as shown on the Original Plat of the Town, now City of South Bend, together with the vacated 14 -foot alley lying North and adjacent to Lot 148. PARCEL VII: The vacated alley lying between Lots 145 and 156, Lots 146 and 155 and Lots 147 and 154, as shown on the Original Plat of the Town, now City of South Bend. PARCEL VIII: Lots Numbered One Hundred Fifty -four (154), One Hundred Fifty -five (155) and One Hundred Fifty -six (156) as shown on the Original Plat of the Town, now City of South Bend. PARCEL IX: The South One -Half (1/2) of vacated Navarre Street lying North of and adjacent to Lots 145 and 156 as shown on the Original Plat of the Town, now City of South Bend. and this property having Key Numbers 18 -1009- 036001, 18 -1009 -0360, 18 -1009- 036101, 18- 1009- 036102, 18 -1009 -0362, 18- 1009 - 036401, 18 -1009 -0355, be designated as an Economic Revitalization Area under the provisions of IND. CODE Section 6- 1.1- 12.1 -1 al Q., and South Bend Municipal Code Section 2 -76 r1=.; 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 Revitalization Area under IND. CODE Section 6 -1.1- 12.1 -1, tt =., and South Bend Municipal Code Section 2 -76 et srQ., 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 IND. CODE Section 6- 1.1- 12.1 -1 et sea., and qualify under the relevant provisions of South Bend Municipal Code Section 2 -76 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 of 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 IND. CODE Section 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 in Sections 1 and 2 of the Petition for Real Property Tax Abatement Consideration and that the Statement of Benefits form prescribed by the State Board of Tax Commissioners are sufficient to justify the deduction granted under IND. CODE Section 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 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 that SIX (61 years is the appropriate and rational time period for this tax abatement in light of the following: 1. The enormous risk the Petitioner takes associated with this type of development. 2. The additional costs associated with this particular development to be incurred by the Petitioner. 3. The large overall costs of the development, which is expected to exceed $33 Million. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of SIX (6) 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 IND. CODE Section 5 -3 -1 and IND. CODE Section 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. ssDS02 PXF 147217 PRESENTED —7— /3 -qz NOT APPROVED �j Q ADOPTED 7� --13— ( t� Member of the Common Council Filed in Clerk's Office JUL 0 1 1998 LORETfdJ. WDA CRY CLERIC 90. BEND. IN.