HomeMy WebLinkAboutDesignating Tax Abatement - James A. & Judith Watts d/b/a Sm. Or. Cases Inc. 4622 Burnett Dr. South (3 Year Real Property)A +test
RESOLUTION
NO. 2379 -96
Passed by the Common Council of the City of South Bend, Indiana
June 24, 96
19
Clerk
Attest: / President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
June 28, 96
19
City Clerk
Approved and signed by mo 61— 19 1 _.
t
Mayor
RESOLUTION NO. 01\ L! !dam
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
4622 BURNETT DRIVE SOUTH, SOUTH BEND, IN 46614
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3)
YEAR REAL PROPERTY TAX ABATEMENT FOR
James A. Watts and Judith Watts d /b /a Sm. Or. Cases, Inc.
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
4622 Burnett Drive South, South Bend, Indiana, and which is more particularly described as follows:
Lot Numbered Seven A (7A) as shown on the recorded plot of Burnett Industrial Park Replot,
recorded July 10, 1990 in the Office of the Recorder of St. Joseph County, Indiana, as
Instrument No. 9018191
and which has Key Number 23 -1043 -3010, 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 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 -1, et se,c ., 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 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 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 sea., and qualifies under the relevant provisions of South Bend Municipal
Code Sections 2 -76 et sea., for tax abatement.
SECTION 1I. 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
be retained by the Petitioner can reasonably be
redevelopment or rehabilitation;
who will be employed or whose employment will
expected to result from the proposed described
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 of 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 M. 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 are herein described be designated 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. Pursuant to Section 2 -84 of the South Bend Municipal Code entitled "Council's Authority
to Enlarge Real Property Tax Abatement General Standards ", the Council declares an exemption to its
local guidelines in compliance that 1) the petitioner meets 86% of his square footage requirements for a
three (3) year real property tax abatement and 2) that without tax abatement it would cause a financial
difficulty with regard to financing whereby the business could not go forward.
SECTION VII. The Common Council hereby determines that the property owner is qualified for and is
granted property tax deduction for a period of three (3) years.
SECTION VIII. 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 IX. This Resolution shall be in full force and effect from and after its adoption by the
Common Council and approval by the Mayor.
PRESENTED 6 -)y�G�
NOT APPROVED
ADOPTED 6- -96 A3 nlwCMLt Cb
Member of the Common Council
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