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HomeMy WebLinkAboutDesignating Tax Abatement - Advanced Masonry Construction Inc. 822 Kerr St. (3 Year Real Property)RESOLUTION NO. 2200 -94 Passed by the Common Council of the City of South Bend, Attest December 19, 19 94; Clerk Presented by me to the Mayor of the City of South Bend, December Approved and signed by me of Common Council. 20, 94 19 City Clerk Mayor RESOLUTION N0. Z.00- 9q 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 828 KERR STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR 4,000 SQ FT OFFICE ADDITION TO 828 KERR ST. & BUILDING RENOVATION, ADVANCED MASONRY NAME OF PROJECT CONSTRUCTION, 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 828 Kerr Street, South Bend, Indiana, and which is more particularly described as follows: A part of Parcel 5 and the WEst Half of the vacated alley lying East of and adjacent to Parcel 5 between Garst Street and Kerr Street in the Innerbelt Industrial Park, a Subdivision in the Southeast and Southwest Quarters of Section 11 and the Northeast Quarter of Section 14, all in Township 37 North, Range 2 East of the Second Principal Meridian, City of South Bend, Indiana, the plat of which is recorded in Plat Book 211, page 1, in the Office of the Recorder of St. Joseph County, Indiana, described as follows: Beginning at the intersection of the middle line of said vacated alley with the Northerly line of Parcel 5 extended to the West; thence South 06 011' East, 243.39 feet to the Southerly line of said Parcel 5; thence North 89 047'37" West along the Southerly line of said Parcel 5 a distance of 211 feet; thence North 06 011' West, 243.32 feet to the Northerly line of said Parcel 5, thence Easterly along the Northerly line of said Parcel 5 a distance of 212 feet to the place of beginning; together with the South Half of that part of the vacated portion of Kerr Street which lies adjacent to the North of the afore - described property as vacated by Vacation Resolution #3385, 1973, under Record #4, page 404 of the records of the Board of Public Works of the City of South Bend; together with all rights of easements for right of way purposes in common with other contiguous owners over that portion of the East half of the vacated alley between Garst Street and Kerr Street. and which has Key Number 18- 8022 - 089401 , 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. 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 sec., and South Bend Municipal Code Sections 2 -76, et sec., 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 sec., 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 rehabilition meets the applicable standards for such development. B. That the estimate of the value of the redevelopment or rehabilition is reasonable for projects of this nature; 1 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 rehabilition; 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 rehabilition; 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 rehabilition; 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 rehabilition 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 as an exception to Section 2 -84 of the South Bend Municipal Code. 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. PRESENfM 2- ;19 -9y NOT APPROVED ADOPTED / 2 - / 9 _q y p(,5 / L OF THE COMMO UNCIL m04oa �NOV 2 8 1994