HomeMy WebLinkAboutDesignating Tax Abatement - Macri's Italian Bakery Inc. 212, 214, 214 1/2 N. Ave. (6 Year Real Property)RESOLUTION
NO. 2044 -93
Passed by the Common Council of the City of South Bend, Indiana,
May 10, 93
19
Attest: City Clerk
Attest:
Presented by me to the Mayor of the City of South Bend, Indiana
May 11, 93
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of Common Council.
City Clerk
Approved and signed by me i�l� 19��
Mayor
RESOLUTION NO. v22d SCSI 92
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 212, 214, 214 1/2 N. NILES AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX
ABATEMENT FOR MACRI'S ITALIAN BAKERY, 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 212, 214,
214 1/2 N. Niles Ave., South Bend, Indiana, and which is more particularly
described as follows:
(212 N. Niles)
14 Ft. S SIDE 93 FT W END LOT 82 AND 20 FT N SIDE 93 FT W END LOT 83 O
P LOWELL. Key No. 18 5005 0115
(214 N. Niles)
52x93 FT NW COR LOT 82 0 P LOWELL. Key No. 18 5005 0113
(214 1/2 N. Niles) Key No. 18 5005 0114
72 FT E END LOT 82 & 20X72 FT NE COR LOT 83 O P LOWELL
and which has Key Number (see above), 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 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 Real Property Tax Abatement and the Statement of Benefits
form completed by the Petitioner meet the requirements of I.C.
6 -1.1- 12.1 -1 et sec., and qualifies under the provisions of South Bend
Municipal Code Section 2 -76 et sec., 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
of rehabilitation:
D. That the estimate of the annual salaries of those individuals who
will be employed or whose employment will be retained 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
deduction, all of which satisfy the requirements of I.C. 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 Section 6 -1.1- 12.1 -3 of the Indiana Code.
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 purposed 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 six (6) years. Conditioned on the restriction that a 3 -way liquor
license (carry -out) not be allowed on site, and that in the event that
said license is approved that the tax abatement would terminate
immediately, at that time.
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, 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.
.-� LA- Common Council
'RESENTED 9 3
NOT APPROVED
ADOPTED S— le" . 9 3 aiy cry e�