HomeMy WebLinkAboutDesignating Tax Abatement - South Bend Heritage Foundation & Baugo Creek Realty Northeast Corner of Chapin St. & Western Ave. (10 Year Real Property)Attest
RESOLUTION
NO. 2463 -97
Passed by the Common Council of the City of South Bend, Indiana,
May 27, 19 97
Presented by me to the Mayor of the City of South Bend, Indiana
May 28, 19 97
Clerk
of Common Council.
Approved and signed by me May 30 _ 19_97
Clerk
Mayor
RESOLUTION NO. c2W— % /
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
NORTHEAST CORNER OF CHAPIN STREET AND WESTERN AVENUE
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
TEN (10) YEAR REAL PROPERTY
TAX ABATEMENT FOR
SOUTH BEND HERITAGE FOUNDATION AND
BAUGO CREEK REALTY (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 Northeast Corner of Chapin Street and Western Avenue, South Bend,
Indiana, and which is more particularly described as follows:
Street Address
Legal Description
Key Number
302 S. Chapin
32 FT N & S X 118.14 FT E & WNW COR BOL 71
18- 3051- 2001.01
306 S. Chapin
89 FT N & S X 118.14 FT E & W EX 32 FT W
END NW CORNER BOL 71
18- 3051 -2001
308 S. Chapin
38 X 7 RODS 4 LKS MID PT W SIDE N 1/2 BOL 71
18- 3051 -2002
310 -312 S. Chapin
32.9 FT X 118.14 FT MID PT W SIDE N 1/2 BOL 71
18- 3051 -2003
314 S. Chapin
S 20.1 FT OF S 35 FT OF N 1/2 NW PART OF BOL 71
18- 3051 -2004
734 W. Napier
E 28.87 FT OF W 147.01 FT N 1/2 BOL 71
18- 3051 -2005
732 W. Napier
E 28.87 FT OF W 175.88 FT N 1/2 BOL 71
18- 3051 -2006
730 W. Napier
7 RODS E END OF 2 1.2 N 1 -4 BOL 71
18- 3051 -2007
No Address
50 FT ON CHAPIN ST X 122.59 FT W SIDE
S 1/2 BOL 71
18- 3051 -2008
No Address
65 FT X 122.59 FT MIDDLE PART W SIDE
W 1/2 OF S 1/2 BOL 71
18- 3051 -2009
No Address
46.12 FT X 122.59 FT SW CORNER BOL 71
18- 3051 -2010
No Address
W 39 FT ON WESTERN AVE MID PART W
1/2 S 1/2 BOL 71
18- 3051 -2011
735 W. Western
E 39 FT OF W 208 FT EX TRI PC TO CITY
FOR ST SW BOL 71
18- 3051 -2012
733 W. Western
W 37 FT OF E 94 1/2 FT W 1/2 S 1/2 BOL 71
18- 3051 -2013
No Address
E 57.5 FT OF W 1/2 OF S 1/2 BOL 71
18- 3051 -2014
be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et
seq., 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 qulifies 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 ten (10) years is a proper designation in light of the following:
1. The project is an integral part of the City's development plans for the area;
2. The project will be a catalyst for future development in the area;
3. The project compliments the development already occurring in the area;
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
H:\ HOME\ MBEITZI MWP \TAXABATEUBATES97 \SBHERITI.RES
PRESENTED 5 -�O- 9-7
NOT APPROVED
ADOPTED 5 - ),x_97
Filed in Clerk's Office
MAY 1 li 1997
LORETTA J. DUDA
CITY CLERK, BO. RkPlt:. ?"�