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HomeMy WebLinkAboutDesignating Tax Abatement - Sidney Moore, Jr. & Dorothy D. Moore 645 Wilber St. (10 Year Real Property)RESOLUTION NO. 2015 -93 Passed by the Common Council of the City of South Bend, Indiana February 22, 1993 _ /�— A""_✓.__ City Clerk Attest:_._ President of Common Council. Presented by me to the Mayor of the City of South Bend, Indiana February 23, 93 19 Approved and signed by City Clerk Mayor RESOLUTION NO. 020 / S- 93 A RESOLUTION OF THE CITY OF SOUTH BEND DE WITHIN THE CITY OF SOUTH BE 114at"Irl M➢ FOR PURPOSES OF A TEN THE I9[0l:1 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 645 Wilber Street, South Bend, Indiana, 46628, and which is more particularly described as follows: Lots Numbered One Hundred Six (106), One Hundred Seven (107), One Hundred Eight (108) and One Hundred Nine (109) as shown on the recorded Plat of Kauffman Place Addition to the City of South Bend, recorded in Plat Book 9, page 57 in the Office of the Recorder of St. Joseph County, Indiana and which has Key Number 18- 2016 -0465, 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 a special exception should be granted to the property to qualify it 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 sag., and 2.84, 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 special exception should be granted to qualify the property 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 seq., and qualifies under the relevant provisions of South Bend Municipal Code Sections 2.76 et seq., and Sections 2.84 et seq., for tax abatement. SECTION II. The Common Council hereby determines and finds the following: A. That the description of or rehabilitation meets the such development. the proposed redevelopment applicable standards for 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 requested are benefits that to result from the proposed rehabilitation; and about which information was can be reasonably expected described redevelopment or 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 petitioner qualifies for three (3) years of real property tax abatement under Section 2 -82 (Industrial Development City wide) of the Tax Abatement Ordinance (No. 8065 -90). However, the petitioner is requesting a 10 year abatement. The petitioner feels that a special exception should be considered because the property lies immediately adjacent to the Tax Abatement Impact Area and adjacent to the Redevelopment Blighted Area, and is within the Neighborhood Revitalization Area. When the boundaries were drawn many years ago, they were general boundaries. Because of the passage of time and the condition and use of property near the designated areas, it would be logical to include those areas when considering this petition. Additionally, the purpose in creating the tax abatement program by the City of South Bend was to encourage such people as Astar, Inc., and Sidney Moore, Jr., to build and expand their business in areas of the City which were in need of improvement. Several other benefits would also be realized by granting the petition herein. First, the actual construction of the proposed building and the remodeling of the existing building would provide a contract job for a local contractor and provide jobs for those employees who work for that local contractor. Another benefit would be to improve an area of the City which rightfully belongs in one of the target areas even though the boundaries do not presently include it. This would be a significant improvement on what is presently a vacant lot and would tie together a manufacturing facility providing a sizeable contribution to the tax base of the City of South Bend. Lastly, the job creation indicated in the petition is realistic. The petitioner anticipates that as the volume increases as a result of the new construction and the new machinery and equipment a demand for additional employees will result. The increased volume, in addition to the new jobs and increased payroll indicated in the petition, will also benefit the outside South Bend community by providing additional monies for industries such as the trucking companies, gasoline suppliers and other energy suppliers, as well as all the other people who deal directly with the petitioner in conjunction with their business. 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. Membe of Pre Common Council Flied in Cierkls-df—fice PRESENTED FEB NOT APPROVED IRENE GAMMON ADOPTED a- a�- 93, CITY CLERK S0. BEND.