HomeMy WebLinkAboutDesignating Tax Abatement - Beeler & Brown Properties LLC & Davey LLC Lot 2 West Cleveland Road Industrial Park (6 Year Real Property)Attest
RESOLUTION
NO. 2574 -98
Passed by the Common Council of the City of South Bend, Indiana
March 12, 19 98
Clerk
Attest
Presented by me to the Mayor of the City of South Bend, Indiana
March 13, l9 98 .
of Common Council.
Approved and signed by me March 16, _ 19 98 _
Clerk
Mayor
RESOLUTION NO. Z / y - /
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
LOT #2 WEST CLEVELAND ROAD INDUSTRIAL PARK
(4135 MEGHAN BEELER COURT)
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
SIX (6) YEAR REAL PROPERTY
TAX ABATEMENT FOR
BEELER & BROWN PROPERTIES, L.L.C. AND DAVEY, L.L.C.
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 Northeast Corner of Chapin Street and Western Avenue, South Bend,
Indiana, and which is more particularly described as follows:
Lot Numbered Two (2) as shown on the recorded Plat of West Cleveland Road Industrial Park,
Section One, recorded November 6, 1997 as Document Number 9746182 in the Office of the
Recorder of St. Joseph County, Indiana
and which has Key Number 25- 1013- 020702, 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 Revitalization Area under Indiana Code 6 -1.1 -12.1, et seq., 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 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., and qualifies under the relevant provisions of
South Bend Municipal Code Sections 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 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
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 pursuant to Section 2 -84 of the South Bend Municipal Code
finds that six (6) years is a proper designation 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.
3. The huge overall cost of the development, which is expected to exceed $10 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 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.
H:\WP\TAXABATENABATES98\BEELERl.RES
PRESENTED 3-/Q-99
NOT APPROVED
ADOPTED31 /�2. �J g
Member of the Common Council
F]
Filed in Clerk's Office
MAR - 4 1998
Cf1YCLEHK. sO.9EMD, NL