HomeMy WebLinkAboutDesignating Tax Abatement - Adams Engineering, Inc. 1702 W. Washington St. (6 Year Real Property)Attest:
NRESOLUTION
Passed by the Common Council of the City of South Bend, Indiana
Attest:
November 12,
A
91
Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
November 13, 91
19
City Clerk
Approved and signed by me ��� 19 91.
.
Mayor
RESOLUTION NO.
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
1702 WEST WASHINGTON STREET, SOUTH BEND, INDIANA
AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY
TAX ABATEMENT FOR ADAMS ENGINEERING, 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 1702 West Washington Street, South
Bend, Indiana, and which is more particularly described as follows:
PARCEL I: A lot or parcel of Land in the City of South Bend, located in
the East Half of the Northeast Quarter of Section Number Ten (10),
Township Number Thirty -seven (37) North, Range Number Two (2) East,
bounded by a line running as follows, viz: Beginning at a point in the
South line of West Washington Avenue 7.58 feet West from a point
where the West line of College Street extended South would intersect
the South line of said West Washington Avenue thence South 208 feet;
thence West 395.87 feet; thence North 208 feet to the South line of
Washington Avenue, thence East along the South line of Washington
Avenue a distance of 395.87 feet to the place of beginning.
PARCEL II: Also, beginning at a point in the South line of West
Washington Avenue 7.58 feet West from a point where the West line of
College Street extended South would intersect the South line of
Washington Avenue and being at the Northeast corner of the above
described tract; thence South along the East line of the above described
tract 293.6 feet to an iron stake; thence East 19.69 feet, more or less,
to the Southwest corner of a tract of land conveyed to the South Bend
Wholesale Drug Company by deed recorded in Deed Record 333 page
336; thence North 293.6 feet, more or less, to a point in the South line
of West Washington Avenue 20 feet East of the place of beginning;
thence West 20 feet to the place of beginning, subject, however, to a
perpetual easement of right of way in common with the Grantees at all
times and for all purposes over the following real estate for the use and
benefit of the South Bend Drug Co., Inc.:
A part of the East Half (%) of the Northeast Quarter ('/4) of Section Ten
(10), Township Thirty -seven (37) North, Range Two (2) East, described
as follows: Beginning at a point on the South line of Washington
Avenue which is 389.87 feet West of a point which is 7.58 feet West
from the West line of College Street extended South to the South line of
Washington Avenue; thence due South 133.5 feet; thence Easterly
321.3 feet to a point 130.3 feet due South from the South line of
Washington Avenue; thence in a Southeasterly direction 102 feet to an
iron stake, which iron stake is 208 feet due South from Washington
Avenue; thence North 46.2 feet; thence in a Northwesterly direction
80.3 feet to a point 100.3 feet due South from the South line of
Washington Avenue; thence Westerly 305.6 feet to a point due South
103.5 feet from the South line of Washington Avenue, thence North
103.5 feet to a point on the South line of Washington Avenue which is
30 feet East of the place of beginning, thence West 30 feet to the place
of beginning.
and which has Key Number 18- 020010002 and 18- 020010005, 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 section 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, etseq. and South Bend Municipal Code Section 2 -76, etseq., 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 etseq., and qualifies underthe
relevant provisions of South Bend Municipal Code Section 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 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 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 the
benefits identified in the Statement of Benefits set forth in 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
-2-
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 six (6) 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
adoption by the Common Council and approval by the Mayor.
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PRESENTED
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NOT APPROVW
ADOPTED //_ 1,2- q
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