HomeMy WebLinkAboutDesignating Tax Abatement - Busniess Systems Inc. 3234 F.J. Nimtz Pkwy. (3 Year Real Property)Attest:
RESOLUTION
NO. 2265 -95
Passed by the Common Council of the City of South Bend, Indiana
Attest:
June 26, Iq 95
Presented by me to the Mayor of the City of South Bend. Indiana
June 27, 95
Clerk
of Common Council.
City Clerk
Approved and signed by me `E��c�p 19 ?5.
G.
Mayor
RESOLUTION NO. 2265 -95
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND
COMMONLY KNOWN AS 3234 F. J. NIMTZ
PARKWAY, SOUTH BEND, INDIANA, 46628, AN
ECONOMIC REVITALIZATION AREA FOR PURPOSES
OF A THREE (3) YEAR REAL PROPERTY TAX
ABATEMENT FOR BUSINESS SYSTEMS, 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 3234 F.J. Nimtz Parkway, South Bend, Indiana, and
which is more particularly described as follows:
Being a replat of lots 5A and 6 Bendix Park Minor Subdivision
and part of the northeast quarter of Section 28T 38N R2E,
German Township, City of South Bend, St. Joseph County Indiana
and which has Key Number 25 1010 040501 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.
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 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 seq., and qualifies under the relevant
provisions of South Bend Municipal Code Sections 2 -76 et seq., for
tax abatement.
Re: Resolution /Property Tax Abatement
For: Business Systems, Inc. Page 2
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 reasonable 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 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 III. The Common Council hereby determines and finds
that the proposed described redevelopment or rehabilitation
can be reasonable 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 an Economic Revitalization Area and hereby adopts
a Resolution designating this area as an Economic
Revitalization Area for purposes of real property tax
abatement.
Re: Resolution /Property Tax Abatement
For: Business Systems, Inc. Page 3
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 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 VIII. This Resolution shall be in full force and
effect from and after its adoption by the Common Council and
approval by the Mayor.
PRESENTED (n - 15
NOT APPROVED
ADOPTED . ---) AS AmevL-
M e he Common Council
flied in Glade`s ®ffdoe
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