HomeMy WebLinkAboutDesignating Tax Abatement - West Washington Street Housing 1200 Block of W. Washington (10 Year Real Property)Attest:
RESOLUTION
NO. 1966 -92
Passed by the Common Council of the City of South Bend, Indiana
August 10, 19 92
Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
August 11, 92
19
Approved and signed by me-O � I 9 -
Clerk
Mayor
RESOLUTION NO. 1y[ A_ - :&j
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 THE 1200 BLOCK OF WEST WASHINGTON, TO BE AN
ECONOMIC REVITALIZATION AREA FOR THE PURPOSES OF A TEN YEAR REAL
PROPERTY TAX ABATEMENT FOR WEST WASHINGTON STREET HOUSING
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 com-
monly known as the 1200 block of West Washington Street, South
Bend, Indiana, and which is more particularly described as
follows:
Parcel I: a parcel of land in the Northwest Quarter of Section
11, Township 37 North, Range 2 East, Portage Township in the City
of South Bend, St. Joseph County, Indiana, being lots 1 through 8
inclusive and a portion of Spruce Street of John K. Fowler's Sub-
division of Bank outlots No. 85 and 86 as recorded in Plat Book
2, Page 13 in the office of the St. Joseph County Recorder;
Parcel II: a parcel of land in the Northwest Quarter of Section
11, Township 37 North, Range 2 East, Portage Township in the City
of South Bend, St. Joseph County, Indiana, being lots A, B, C,
and 103 through 106, parts of Lots 102, 107, 108, and 109, and a
vacated alley of Commissioner's Subdivision of Bank Outlot No.
Seventy Nine (79) of the Second Plat of Outlots of the Town, now
City of South Bend as recorded in Plat Book 3, Page 40, in the
office of the St. Joseph County Recorder and being more particu-
larly described as follows:
Beginning at the southwest corner of Lot A in said subdivision
(also being the intersection of the north line of Washington
Street and the east line of Walnut Street); thence North, along
the east line of Walnut Street, 166.20 feet to the northwest
corner of said Lot A; thence East, along the south line of a 14
foot alley, 313.07 feet to the east line of Spruce Street; thence
North, along the east line of Spruce Street, 32.9 feet to the
south line of a 14 foot alley; thence East, along the south line
of said 14 foot alley, 125.05 feet to the east line of a vacated
14 foot alley; thence South, along the east line of said vacated
alley, 198.41 feet to the north line of Washington Street; thence
West, along the north line of Washington Street, 439.60 feet to
the Point of Beginning;
Parcel III: a parcel of land in the East half of the Northwest
Quarter of Section 11, Township 37 North, Range 2 East, Portage
Township in the City of South Bend, St. Joseph County, Indiana,
being lots 9 and 10 of Rockafeller's addition to South Bend as
recorded in Plat Book 2, Page 8 in the office of the St. Joseph
County Recorder;
with said real estate having the following Key Nos.:
Parcel I: 18- 3072 -2831
18- 3072 -2832
18- 3072 -2833
18- 3072 -2834
18- 3072 -2835
18- 3072 -2836
18- 3072 -2837
18- 3072 -2838
18- 3072 - 2838.01
18- 3072 -2840
18- 3072 - 2841.01
18- 3072 -2841
18- 3072 -2842
Parcel II: 18- 1044 -1903
18- 1044 -1905
18- 1044 -1906
18- 1044 -1907
18- 1044 -1908
18- 1044 -1909
18- 1044 -1910
18- 1044 -1911
18- 1044 -1912
18- 1044 -1913
18- 1044 -1914
18- 1044 -1915
18- 1044 -1917
Parcel III: 18- 1040 -1764
18- 1040 -1763
18- 1040 -1762
be designated as an Economic Revitalization Area under the provi-
sions of Indiana Code 6 -1.1- 12.1 -1 et seq. and South Bend
Municipal Code sections 2 -76 et sec., and;
WHEREAS, the Department of Economic Development has conclu-
ded 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 sec. 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 Com-
mittee 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 State-
ment 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., 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 Peti-
tioner can reasonably be expected to result from the proposed
described redevelopment or rehabilitation;
D. That the estimate of the annual salaries of those indi-
viduals who will be employed or whose employment will be retained
by the Petitioner can reasonably be 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
Indian 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 Council pursuant to Section 2 -84 of the South
Bend Municipal Code finds that ten (10) years is a proper
designation in light of the following:
(1) 100% of the units will be rented to low income
families;
(2) $3,450,000 in hard dollar costs is 80% of the
$4,000,000 guideline and far exceeds the $1,000,000
guideline for a six (6) year abatement; and
(3) The project would be integral part of the
neighborhood's larger revitalization plan and the
City's redevelopment plans for the area.
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.
NMembe of tW Common Council
PRESENTEE R-/0-9'R
NOT APPROVED
ADOPTED- io -9a,