HomeMy WebLinkAboutDesignating Tax Abatement - Design Packaging, Inc. Southeast Corner of Lafayette Blvd. & Bronson St. (10 Year Real Property)RESOLUTION
NO. 2237 -95
Passed by the Common Council of the City of South Bend, Indiana
Attest
May 8, 19 95
6; City Clerk
Presented by me to the Mayor of the City of South Bend, Ind;
May 9, 95
19
of Common Council.
Approved and signed by me 1975
City Clerk
Mayor
RESOLUTION NO. Z137-115
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
THE SOUTHEAST CORNER OF LAFAYETTE BLVD. AND BRONSON STREET
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
A TEN YEAR REAL PROPERTY TAX ABATEMENT FOR
DESIGN PACKAGING, 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 the southeast corner of Lafayette Blvd. and Bronson
Street in South Bend, Indiana, and which is more particularly
described as follows:
That part of the Southwest Quarter of Section 12,
Township 37 North, Range 2 East, Portage Township, City
of South Bend, St. Joseph County, Indiana which is
described as: Tract 2 of the Plat of "Studebaker
Corporation Replat" as Recorded in Plat Book 11, page
184 the records of the St. Joseph County, Indiana
Recorder's Office; thence South 890 48' 29" West along
the south line of said Tract and the north right -of way
line of Tutt Street, 172.63 feet (Record S. 890 50' 22"
West, 172.44 feet) to the West line of said Tract and the
east right -of -way line of Lafayette Blvd.; thence North
000 10' 41" West along said right -of -way line, 765.22
feet (Record, North 000 12' 10" West, 764.97 feet) to the
North line of said Trace and the south right -of -way line
of Bronson Street; thence S. 890 10' 55" East along said
right -of -way line, 172.26 feet (Record, South 000 12' 29"
East, 172.38 feet) to the northeast corner of said Tract;
thence South 000 12' 29" East along the East line of said
Tract, 7262.18 feet (Record, South 000 12' 28" East,
764.35 feet) to the Point of Beginning.
Containing 3.0231 acres or 131,687 square feet.
and which has Key Number 18- 3041 -1558, 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 §§ 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., South Bend Municipal Code §§ 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 find that
the Petition for Real Property Tax Abatement and the Statement of
Benefits form completed by the Petition 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 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 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
reasonably expected to yield benefits identified int he 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
2
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.
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.
Z,ce
PRESENTED -.�
NOT APPROVED
ADOPTED 5 -.-
the Common Council
Flied in Clerk -s Office
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