HomeMy WebLinkAboutDesignating Tax Abatement - South Bend Redevelopment Commissionon Benefit of Midwest Land Co. North side Of Nimtz Pkwy, Next to 5301 Nimtz Pkwy. (5 Year Real Property)RESOLUTION
NO. 2366 -96
Passed by the Common Council of the City of South Bend,
June 10, 96
Clerk
Attest: �° / _ President of Common Council.
Presented by me to the Mayor of the City of South Bend. Indiana
June 11, 96
19
Approved and signed by me d�w'— L-19_�&.
Clerk
Mayor
RESOLUTION NO.
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS
The North Side of Nimtz Parkway,
Next to 5301 Nimtz Parkway
AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR
SOUTH BEND REDEVELOPMENT COMMISSION FOR THE
BENEFIT OF MIDWEST LAND COMPANY
WHEREAS, a petition for personal property tax abatement consideration has been filed
with the Common Council of the City of South Bend, requesting that the area commonly
known as the north side of Nimtz Parkway, next to 5301 Nimtz Parkway, South Bend,
Indiana, and which is more particularly described as follows:
Part of the Southeast Quarter (SE1 /a) of Section 20, Township 38 North,
Range 2 East, situate in German Township, St. Joseph County, State of
Indiana, and being more particularly described as follows:
Commencing at a one inch iron pipe with a cap stamped "M &B 13" marking
the Northwest corner of the Southeast Quarter (SE1 /a) of said Section 20;
thence South 00 degrees 19 minutes 53 seconds East along the West line of
the Southeast Quarter (SE1 /4) of said Section 20 a distance of 427.00 feet to
a drill hole set in concrete, said point being the Southwest corner of land
conveyed to the State of Indiana in Deed Record 538, Page 72; thence
continuing South 00 degrees 19 minutes 53 seconds East along the West line
of the Southeast Quarter (SE1 /4) of said Section 20 a distance of 44.25 feet to
a drill hole set in concrete on the North right -of -way line of the F. Jay Nimtz
Parkway; thence North 89 degrees 40 minutes 07 seconds East along the
North right -of -way line of said F. Jay Nimtz Parkway (80 foot right -of -way) a
distance of 786.63 feet to the place of beginning of this description; thence
continuing North 89 degrees 40 minutes 07 seconds East along the North
right -of -way line of said F. Jay Nimtz Parkway (80 foot right -of -way) a
distance of 477.78 feet to a one inch pipe with a cap stamped "M &B 13"
marking the point of curvature of a tangent curve to the right having a radius
of 1640.00 feet and a central angle of 21 degrees 47 minutes 52 seconds;
thence Eastwardly and Southeastwardly along the North right -of -way line of
said F. Jay Nimtz Parkway and along said curve a distance of 623.93 feet;
thence North 00 Degrees 19 minutes 53 seconds West parallel with the East
line of land conveyed to the Board of Aviation Commissioners of St. Joseph
County, Indiana in Deed Record 246, Page 274 a distance of 540.72 feet;
thence North 89 degrees 47 minutes 15 seconds West parallel with the North
line of the Southeast Quarter (SE1 /4) of said Section 20 and the North line of
said Commissioners Land a distance of 1082.81 feet; thence South 00 degrees
11 minutes 51 seconds West parallel with the East line of land conveyed to
the State of Indiana in Deed Record 538, Page 72 a distance of 433.76 feet
to the place of beginning of this description.
Containing 11.212 acres of land.
and this property has Key Number 25- 1018 -0628, be designated as an Economic
Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et seq., and South
Bend Municipal Code Sections 2 -76 et seq.; 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 -1, et seq.,
and South Bend Municipal Code Sections 2 -76 et seq., and has further prepared maps and
(Revised 11126/90) 1
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 pursuant to Indiana Code
6 -1.1- 12.1 -4.5, that:
(a) the estimate of the cost of the new manufacturing equipment is reasonable for
equipment of that type;
(b) the estimate of the number of individuals that will be employed or whose
employment will be retained by the Petitioner can be reasonably expected to result
from the proposed installation of new manufacturing equipment;
(c) the estimate of the annual salaries of those individuals who will be employed
or whose employment will be retained can be reasonably expected to result from the
proposed installation of new equipment;
(d) any other benefits about which information was requested are benefits that
can be reasonably expected to result from the proposed installation of new
manufacturing equipment; and
(e) the totality of benefits is sufficient to justify the deduction requested.
SECTION II. The Common Council hereby determines and finds that the proposed new
manufacturing equipment can be reasonably expected to yield the benefits identified in the
Statement of Benefits as set forth in Section 1 through 3 of the Petition for Personal
Property Tax Abatement Consideration and that the Statement of Benefits Form completed
by the Petitioner, said form being prescribed by the State Board of Accounts, are sufficient
to justify the deduction granted under Indiana Code 6 -1.1- 12.1 -4.5.
SECTION III. The Common Council hereby accepts the report and recommendation of the
Department of Economic Development, and the Human Resources and Economic
Development Committee's favorable recommendation, that the area herein described be
designated as Economic Revitalization Area for purposes of personal property tax
abatement and hereby makes such a designation.
SECTION IV. The Common Council determines that such designation is for personal
property tax abatement only and shall be limited to two (2) calendar years from the date
of the adoption of this Resolution by the Common Council.
SECTION V. The Common Council hereby determines that the property owner is qualified
for and is granted property tax deduction for a period of five (5) years.
SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption
of this Declaratory Resolution to be published pursuant to Indiana Code 5 -3 -1, said
publication providing notice of the public hearing before the Common Council on said
declaration.
SECTION VII. This Resolution shall be in full force and effect from and after its adoption
by the Common Council and approval by the Mayor_
Frs 71602 PRESENTED 6-10
(Revised 11126/90)
NOT APPROVED /
ADOPTED b -10 -9G
2
of the Common
Flied In Clerk's Office
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