HomeMy WebLinkAboutDesignating Tax Abatement - South Bend Redevelopment Commission on Behalf of RKE Inc. d/b/a Stephenson Mill 322 E. Colfax Ave. (10 Year Real Property)Attest:
RESOLUTION
NO. 2069 -93
Passed by the Common Council of the City of South Bend,
Attest
September 27, 19 93
Presented by me to the Mayor of the City of South Bend, Indiana
Approved and signed by me
September 28, i9_93 .
C,
Clerk
of Common Council.
d� 1993
City Clerk
Mayor
RESOLUTION NO. 20 G f- 93
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 322 EAST
COLFAX AVENUE, AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF A TEN (10) YEAR REAL
PROPERTY TAX ABATEMENT FOR
THE SOUTH BEND REDEVELOPMENT COMMISSION ON
BEHALF OF RKE, INC. (DBA: STEPHENSON MILL)
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 322 E. Colfax Avenue, South Bend, Indiana, and which is more
particularly described as follows:
Parcel "A ":
That part of the Northeast Quarter of Section 12, Township 37 North, Range 2 Past, Portage
Township, City of South Bend, St. Joseph County, Indiana which is described as: Beginning
at the intersection of the South right -of -way line of Colfax Avenue and the West right -of -way
line of Gintz Avenue which point is West 256.3 ft. from an iron set for the Southwest corner
of Niles Avenue and Colfax Avenue; thence South 05 °- 53' -22" East along said West right -of-
way line, 274.37 ft. (Record, South 05 ° -31' West, 274.4 ft.); thence North 890- 58' -48"
West, 167.91 ft. (Record, West 167.9 ft.); thence North 15 °- 07'45" West, 87.70 ft. (Record,
North 150-6' West); thence North 870- 52' -06" East, 47.34 ft. (Record, N. 890-47' East
47.25 ft.); thence North 00 °- 56' -55" West, (Record, North 00 ° -56' West 188.2 ft.) to the
South right -of -way line of Colfax Avenue; thence South 890- 54' -00" East along said South
right -of -way line, (Record, East 118.48 ft.), 118.42 ft. to the point of beginning. Containing
0.8877 Acres. Subject to all legal highways, easements and restrictions of record.
Parcel "B ":
That part of the Northeast Quarter of Section 12, Township 37 North, Range 2 Past, Portage
Township, City of South Bend, St. Joseph County, Indiana which is described as: Beginning
at a point on the West right -of -way line of Gintz Avenue which point is 273.00 ft. South of
the South right -of -way line of Colfax Avenue, measured at right angles to said south right -of-
way line; thence South 05 °- 53' -22" East along said Gintz Avenue right -of -way line and its
extension, (Record, South 05 °- 27' -44" East), 152.28 ft.; thence North 89 °- 58' -48" West,
149.14 ft.; thence North 24 °- 37' -29" West, 166.65 ft.; thence South 89 °- 58' -48" East,
202.95 ft. to the point of beginning. Containing 0.6121 acres. Subject to all legal highways,
easements and restrictions of record.
and which has Key Number 18 -5001 -0007, 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, gt Leq.,
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., for tax abatement.
SECTION H. 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
Real Property Tax Abatement Consideration and that the Statement of Benfits 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 as 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 ten (10) 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.
�.
Me er of & Common Council
ML:txabresl
91, signed only to provide an
Revised 11/26/90 opportunity for public dl8cussl
end Council notion on the issuer,
.PRESENTED 19-.2 7 -9,jp
NOT APPROVED
ADOPTED 9-b-7 7 -03
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