HomeMy WebLinkAboutDesignating Tax Abatement - APS, Inc. dba Sergio's Pools & Spas 1919 S. Michigan St. (3 Year Real Property)Attest:
RESOLUTION
NO. 2424 -96
Passed by the Common Council of the City of South Bend, Indiana,
November 25, 96
Clerk
Attest: ^ President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
November 26, 96
19
City Clerk
Approved and signed by me O Z7 19_5_.
Mayor
RESOLUTION NO. A446
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 1919 South Michigan Street AN
ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3)
YEAR REAL PROPERTY TAX ABATEMENT FOR
APS. Inc- dba Sergio's Pools and Spas
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 1919 South Michigan Street, South Bend, Indiana, and
which is more particularly described as follows:
Ke�No• Leaal Description
18-8010-045501 S 1/2 LOT 3 & N 1/2 VAC ALLEY STOVER & WITWER ADD
18-8010-0456 1/2 VAC ALLEY BET LOTS 3 +4 & ALL LOT 4
STOVER & WITWER ADD
18-8010-0461 30 FT N SIDE LOT 5
STOVER & WITWER ADD
18-8010-0462 30 FT S SIDE LOT 5 10 FT N SIDE LOT 6
STOVER & WITWER ADD
18-8010-0463 LOT 6 EX 10 FT N SIDE
STOVER & WITWER ADD
and which Key No. (SEE ABOVE).
be designated as an Economonic 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 seq., and;
WHEREAS, the Deparment of Economic Development has concluded an investigation and
prepared a report with infomation sufficient for the Common Council to determine that
the area qualifies as an Economic Revitalization Area under Indiana Code
et seq., and South Bend Municipal Code Sections 2 -76, et seq., 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 Develpment 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 seq., and qualifies under the
relevant provisions of South Bend Municipal Code Sections 2 -76 et seq., for tax
abatement.
SECTION 11. 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 11 I. 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 11 of the Petition
for Real Propery Tax Abatement Consideration and that the Statement of Benefits form
prescribed by the State Board of Accounants 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 areas herein described
be designated and 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
Counci 1.
SECTION VI. The Comon Council hereby determines that the property owner is qualified
for and is granted property tax deduction for a period of three (3) 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 VI 11. This Resolution shall be in full force and effect /from and after its adoption
by the Common Council and approval by t�LIXI / �G�
Member of the Common Council
PRESENTED 11 -25 ^9�
NOT APPROVED
ADOPTED
Filed in Clerk's Office
OCT 2 5 1996
LORETTA J. DUDA
CRY CLERK, SO. REM IN,