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HomeMy WebLinkAboutDesignating Tax Abatement - Davis & Groome 250 E. Sample St. (6 Year Real Property)RESOLUTION NO. 2447 -97 Passed by the Common Council of the City of South Bend, Indiana, March 24, 19 97 Attest: '/ ' _ Pres Presented by me to the Mayor of the City of South Bend, March 25, 19 97 Clerk of Common Council. City Clerk Approved and signed by me March 28, 1997 -- 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 250 EAST SAMPLE STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND REDEVELOPMENT COMMISSION FOR THE BENEFIT OF: DAVIS AND GROOME, AN INDIANA PARTNERSHIP 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 250 East Sample Street, South Bend, Indiana, and which is more particularly described as follows: PARCEL I: LOTS NUMBERED ONE (1), TWO (2) AND THREE (3) AS SHOWN ON THE RECORDED PLAT OF MARY HUTCHINS' ADDITION TO THE CITY OF SOUTH BEND, RECORDED IN PLAT BOOK 2, PAGE 67, TOGETHER WITH THE EAST AND WEST ALLEY LYING SOUTH OF LOTS 1 AND 2 AND NORTH OF LOT 3 OF SAID LOTS. •\/ M A LOT OR PARCEL OF LAND IN THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 13, TOWNSHIP 37 NORTH, RANGE 2 EAST, NOW WITHIN AND A PART OF THE CITY OF SOUTH BEND, IN ST. JOSEPH COUNTY, INDIANA, DESCRIBED AS BEGINNING AT A POINT 36 RODS, 3 FEET AND 10 INCHES WEST OF THE NORTHEAST CORNER OF THE NORTHWEST QUARTER OF SAID SECTION 13; THENCE RUNNING WEST ON THE NORTH LINE OF SAID SECTION A DISTANCE OF 28 FEET; THENCE TO THE PLACE OF BEGINNING, EXCEPTING THEREFROM THAT PART TAKEN OFF OF THE NORTH END THEREOF FOR SAMPLE STREET. PARCEL II: A PARCEL OF LAND IN THE NORTHWEST QUARTER OF SECTION 13, TOWNSHIP 37 NORTH, RANGE 2 EAST, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT 40 RODS, 13 FEET AND 10 INCHES WEST OF THE NORTHEAST CORNER OF THE NORTHWEST QUARTER OF SECTION 13, WHICH POINT IS IN THE CENTER LINE OF SAMPLE STREET; THENCE EAST ON SAID LINE 48 FEET; THENCE SOUTH 10 RODS AND 31 LINKS; THENCE WEST 43 FEET; THENCE NORTH 10 RODS AND 31 LINKS TO THE PLACE OF BEGINNING. and which has Key Numbers 18- 7001 -0001, 18- 7001 -0002, and 18 -7008 -0277 be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -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 as an Economic Revitalization Area under Indiana Code 6- 1.1- 12.1 -1, el 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 -1 et�ea., for tax abatement. SECTION H. 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 W. 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 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. �d Z4 Ze Member of the Common Council H:\ HOME\ BWH.COXO\WPDATA\TAXABATE \CHAMPI .RES PRESENTED 3 - ;q- 7 NOT APPROVED 2 ADOPTED3 -4 9 / A� AMENLEY) 6y 50657-11-VI -70V Filed In Clerk's Office MAR 2 1 1997 LORMA J. DUDA CRY CLERK, SO, BEND, IN.