HomeMy WebLinkAboutDesignating Tax Abatement - Accuride Indiana, Inc. 4300 Quality Dr. (10 Year Real Property)RESOLUTION
NO. 1980 -92
Passed by the Common Council of the City of South Bend, Indiana,
October 26, 19 92
Attest:
Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend,
October
28,
92
19
Approved and signed by me _ _ D' 19 A-K .
Clerk
Mayor
RESOLUTION NO. 980-90
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 4300 QUALITY DRIVE AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF A 10 YEAR REAL PROPERTY
TAX ABATEMENT FOR
ACCURIDE INDIANA, 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 4300 Quality Drive, South Bend, Indiana, and which is more particularly
described as follows:
Parcel I:
Lot Numbered Eight (8) as shown on the recorded Plat of Landmark Business Park, Section Six,
Part One, recorded October 19, 1989 in the Office of the Recorder of St. Joseph County, Indiana,
as Instrument No. 8928004.
Parcel H:
A tract of land in the North Half of Section 19, Township 38 North, Range 2 East, City of South
Bend, German Township, St. Joseph County, Indiana, said tract being more particularly described
as follows:
Commencing at the North Quarter corner of said Section 19; thence South 00 054'38" East on the
along the East line of said Northwest Quarter 110.75 feet to the South right -of -way line of Brick
Road; thence North 88 °47'24" West on and along said South line a distance of 845.29 feet;
thence South 00 052'04" East a distance of 679.54 feet, said point being the true place of
beginning; thence continuing South 00 °52'04" East a distance of 175.75 feet to PC of a 25.00
foot radius curve to the right; thence along said curve through a central angle of 49 °40'45 ", a
chord length of 21.00 feet which bears South 23 °58'19" West, an arc distance of 21.68 feet to
a point of reverse curve with a 60.00 foot radius curve to the left; thence along said curve
through a central angle of 93 °47'08 ". a chord length of 87.60 feet which bears South 01 °55'07"
West, an arc distance of 98.20 feet; thence South 45 °01'33" West a distance of 25.00 feet; thence
South 89 °55'38" West a distance of 395.50 feet; thence North 00 °52'04" West a distance of
300.00 feet; thence North 89 °55'38" East a distance of 426.53 feet to the place of beginning.
Subject to legal highways.
and which has Key Numbers 25-1017-0604,25-1017-0602 and 25 -1017- 0602.01, to 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 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 Indiana Code 6 -1.1- 12.1 -1 et seo., and qualifies under the relevant provisions
of South Bend Municipal Code Sections 2 -76 et seg., 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 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.
E- - signed only to provide an
opportunity for public discussion
and Council action on the issue..
PRESENTEb io -a G - 9 A
NOT APPROVED
ADOPTED /o _aG_9 A
Member of the Common Council
Filed in Clerk's Office
OCT 1 3 1g32