HomeMy WebLinkAboutDesignating Tax Abatement - RJR Properties 3820 William Richadson Dr. (6 Year Real Property)RESOLUTION
NO. 2224 -95
Passed by the Common Council of the City of South Bend, Indiana,
Attest
March 27, 19 95
Presented by me to the Mayor of the City of South Bend,indiana
Clerk
of Common Council.
City Clerk
Approved and signed by me �/& '�19 /5—.
Mayor
RESOLUTION NO. Z —q5
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 3820 WILLIAM RICHARDSON DRIVE
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES
OF A 6 YEAR REAL PROPERTY
TAX ABATEMENT FOR
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 3820 William Richardson Drive, South Bend, Indiana, and which is more
particularly described as follows:
A parcel of land in the Northeast quarter of Section 21, Township 38 North, Range 2 East, German
Township, St. Joseph County, Indiana, and described as being Lot 6 of the Toll Road Industrial Park -
Section Four, as recorded under instrument number 8822752, dated August 18, 1988, at the office of
the recorder, St. Joseph County, Indiana, and containing 9.1421 acres, more or less, and is subject to
all easements, restrictions and or covenants of record.
and which has Key Number 25- 1013 - 0211.19, 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
sec., 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 g., 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 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 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.
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 period of six (6) 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 of ect from and after ' adoption by the
Common Council and approval by the Mayor.
PRESENTED ,j -� 7- 9 `.D
NOT APPROVED
ADOPTED 3 —Z 7 _ 95
Filed in Qin, F %,z -office
IMTI-0-19-951
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