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HomeMy WebLinkAboutDesignating Tax Abatement - Blackthorn Nimtz Partners L.P. Southwest Corner of Nimtz Pkwy & Commerce Dr. (10 Year Real Property)RESOLUTION NO. 2309 -95 Passed by the Common Council of the City of South Bend, Indiana, November x 27, 19 i 95 Clerk Attest: e President of Common Council. Presented by me to the Mayor of the City of South Bend, India November a 28, 95 19 City Clerk Approved and signed by me ��P C� tM ��iQi 1 19 61 S-� Mayor RESOLUTION NO. ,� ;�5 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 SOUTHWEST CORNER OF NIMTZ PARKWAY AND COMMERCE DRIVE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR BLACKTHORN NIMTZ PARTNERS L.P. 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 Southwest corner of Nimtz Parkway and Commerce Drive, South Bend, Indiana, and which is more particularly described as follows: Lots 16 and 17 of the H.G. Baus Centre Industrial Park which are a part of: The Southwest Quarter (1/4) of Section 21, Township 38 North, Range 2 East, excepting therefrom the following two tracts: Tract 1: Commencing at the Northwest corner of the Southwest 1/4 of Section 21, Township 38 North, Range 2 East, thence in an Easterly direction along the North line of said Quarter Section a distance of 650.41 feet to the point of beginning, thence continuing along the said North line in an Easterly direction, on the arc of a circular curve to the right of 0° 58'28.1 a distance of 983.65 feet to the East line of said Quarter Section; thence in a Southerly direction along said East line a distance of 350.36 feet; thence in a Northwesterly direction on the arc of a circular curve to the left of 01' 01'36.8" a distance of 2148.26 feet to the point of beginning. Tract 2: A part of the Southwest 1/4 of Section 21, Township 38 North, Range 2 East, St. Joseph County, Indiana, described as follows: Beginning at the Northeast corner of said Quarter Section; thence South 00° 52'00" East 424.89 feet along the East line of said Quarter Section to the Northern Boundary of the Indiana East -West Toll Road; thence along said Northern boundary northwesterly 989.03 feet along an arc to the left having a radius of 5,879.58 feet and subtended by a long chord having a bearing of North 650 33144" West and a length of 987.87 feet to the North line of said Quarter Section; thence North 88° 57'48" East 893.08 feet along said North line to the point of beginning. (Subject to final Area Plan Commission approval of final subdivision) and which has Key Number 25 -1010 -0361, 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 seo., 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, et se., 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 gL seq., 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 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 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. P:\ MME \TAXABATE \ABATES95\TAGARPHI.RES PRESENTED I I - X7- qS NOT APPROVED ADOPTED all- L of the C6mmon Council Sited In Clerk's Office LTL7 1995 IRENEOANA M WYMERK SOXENWN