HomeMy WebLinkAboutDesignating Tax Abatement - Metro Beverages Inc. 3707 Lathrop St. (3 Year Real Property)Attest:
RESOLUTION
NO. 2180 -94
Passed by the Common Council of the City of South Bend, Indiana,
October 10, 1994
Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, India
Approved and signed by me
October 11, 94
19
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City Clerk
Mayor
RESOLUTION NO. C� ! OV -
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 3707 WEST LATHROP STREET, AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF A 3 YEAR REAL PROPERTY
TAX ABATEMENT FOR
METRO BEVERAGES, 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 3707 West Lathrop Street,
South Bend, Indiana, and which is more particularly described as follows:
445.36' EAST & WEST BY 488.33' NORTH & SOUTH BEGINNING 1878.68' WEST AND
40' NORTH SOUTHEAST CORNER SECTION 28 -38 -2E 5 ACRES BEING LOT 6 -2
AIRPORT INDUSTRIAL PARK PHASE III
and which has Key Number #25- 1010 - 0400.14, be designated and 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 sea., 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, gt sea., 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 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 10-10-9V
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c,r — 3 1994
NOT APPROVED %-- •• - -�-
ADOPTED
Common