HomeMy WebLinkAboutDesignating Tax Abatement - James & Linda Teske 4075 Ralph Jones Dr. (5 Year Personal Property)Attest;
RESOLUTION
NO. 2160 -94
Passed by the Common Council of the City of South Bend,
Attest
Jul
25, 19 94
Presented by me to the Mayor of the City of South Bend, Indiana
July
26, 94
19
Clerk
of Common Council.
City Clerk
Approved and signed by me ',L,,r 1 2 19�.
Mayor
NO. o-2 14,0 -
A RESOLUTION
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Filed in Clerk's Office
JUL t 1994
mefm GAMM0.4
Cllr CLEP.X, so. SEND, IN.
OF THE CITY OF
RFAS WITHIN
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WHEREAS, a petition for personal 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 4075 Ralph Jones Drive,
South Bend, Indiana, and which is more particularly
described as follows:
Lot Numbered Five (5) as shown on the recorded
Plat of Toll Road Industrial Park, Section Three,
recorded June 5, 1987 in the Office of the
Recorder of St. Joseph County, Indiana, as
Instrument No. 8717304.
and which as Key Number 4- 1013 -0223, 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 Are
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 Personal 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.
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 Personal 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 personal property tax
abatement.
SECTION V. The designation as an Economic Revitalization
Area shall be limited to two (2) calendar years form 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 five (5) years.
SECTION VII. The Common Council directs the City Clerk to
cause notice of the adoption of this Declaratory Resolution
for personal property Tax Abatement to be published pursuant
to 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.
Me e of the Commo uncil
PRESENTED
NOT APPROVED
ADOPTED 7 /' f /9�e