HomeMy WebLinkAboutDesignating Tax Abatement - M/W Partnership Lot 4 Crossroads Industrial Complex (6 Year Real Property)RESOLUTION
2098 -94
Passed by the Common Council of the City of South Bend. Indiana
February 14,19 94
Attest:______ ._/�— City Clerk
of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
February 15, 94
19
Ir /6j � City Clerk
Approved and signed by me _ _ �f l� 19 Q
Mayor
RESOLUTION NO. a;Q RS- 5? 71
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN AREA
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN
AS LOT #4 CROSSROADS INDUSTRIAL COMPLEX AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A SIX YEAR REAL
PROPERTY TAX ABATEMENT FOR
M/W
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 Lot #4 Crossroads Industrial Complex, South Bend, Indiana, and
which is more particularly described as follows:
Lot Numbered Four (4) as shown on the recorded Plat of
Crossroads Industrial Complex Phase II, Section One,
recorded in the Office of the Recorder of St. Joseph
County, Indiana, as Instrument No. 9201847
and which has Key Number 25 1018 061610, 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
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 et
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 questions 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 Rend Municipal Code Sections 2 -76 et sea., for
tax aba,�pmept.
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 by 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 a Economic Revitalization Area shall
be limited to two (2) calendar years from the date of the adoption
of this Resolution by the Common Council.
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SECTION VI. The Common Council hereby determines that the property
owner is qualified for and is granted property tax deduction for a
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.
from and after
the Mayor.
PRESENTED Q - 1 `4 - Q q
NOT APPROVED
ADOPTED o9-/
This Resolution shall be in full force and effect
its adoption by the Common Council and approval by
-3-
Filed in Clerk's Office
JAN 3 1 199�r
IRENE C "MON
CITY CLERK. BO. BEND, RL