HomeMy WebLinkAboutDesignating Tax Abatement - Niles/Washington Associates 115 N. Niles Ave. (10 Year Real Property)RESOLUTION
NO. 1775 -90
Passed by the Common Council of the City of South Bend, Indiana
April 9, 90
i�
Attest:---- City Clerk
Attest: 4
Presented by me to the Mayor of the City of South Bend, Indiana
April 10, 90
9
Approved and signed by me
of Common Council.
• •1
City Clerk
Mayor
TAX ABATEMENT DECLARATION
RESOLUTION NO. / 72,6-- / O
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
115 N. NILES AVENUE, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A 10 YEAR
REAL PROPERTY TAX ABATEMENT FOR NILES /WASHINGTON ASSOCIATES
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 115 N. Niles,
South Bend, Indiana, and which is more particularly described as follows:
LEGAL DESCRIPTION
PARCEL E3 -3 AND E3 -4
A part of Lots Numbered Forty -three (43), Forty -four (44), Forty -five
(45), forty -six (46), Forty -seven (47) and Forty -eight (48) of the Original
Plat of the Town of Lowell, now a part of the City of South Bend, together
with that portion of the vacated 14 foot alley lying between Lots 45 and 46,
said tract being more particularly described as follows: Beginning at a
point 11.00 feet West of the Northeast corner of Lot 43 in said plat; thence
South 000 06' 00" West, parallel and 11 feet West of said West line of Niles
Avenue, 409.94 feet to a point on the South line of Lot 48 in said plat,
11.00 feet West of the Southeast corner thereof; thence North 890 45' 24"
West, along said South line, 118.15 feet; thence North 000 04' 38" East,
211.66 feet to a point on the South line of Lot 45 in said Plat; thence
South 890 56' 31" East, 29.29 feet; thence North 000 05' 44" East, 198.04
feet to a point on the North line of Lot 43 in said Plat; thence South
890 54' 00" East, along said North line, 89.00 feet to the place of beginning.
Also,
A parcel of land being a part of Lots 43 through 48 and the adjacent
vacated fourteen foot alley all in the Original Town of Lowell, now City of
South Bend, Indiana, and being more particularly described as follows:
Beginning at the Northeast Corner of said Lot 43; thence South
00 06' 00" West (Bearing Assumed) along the West right -of -way line of Niles
Avenue, a measured distance of 409.94 feet to the Southeast corner of said
Lot 48; thence North 890 45' 24" West along the North right -of -way line of
Washington Street, a measured distance of 11.00 feet; thence North 00 06' 00"
East parallel with said West right -of -way line of Niles Avenue, a measured
distance of 409.91 feet to the South right -of -way line of Colfax Avenue;
thence South 890 54' 00" East along said South right -of -way line, a measured
distance of 11.00 feet to the place of beginning containing 4,509 square feet,
more or less.
Subject to any easements, covenants, or restrictions of record.
PARCEL E9 -11
A parcel of land being lots 95 and 96 and the East 65 feet of Lot 94 in
the Original Plat to the Town of Lowell, now City of South Bend, Portage
Township, St. Joseph County, Indiana and being more particularly described as
follows:
Beginning at the Southwest corner of said Lot 96; thence North 00 00' 00"
East (Bearing Assumed) along the East right -of -way line of Niles Avenue a
distance of 131.72 feet to the Northwest corner of said Lot 95; thence North
890 57' 00" East along the North line of said Lot 95 a distance of 100.95 feet;
thence North 00 04' 55" West a distance of 65.92 feet to the North line of said
Lot 94; thence North 890 54' 56" East along said North line a distance of 65.00
feet to the Northeast corner of said lot; thence South 00 04' 56" East along
the East line of said lots a distance of 197.89 feet to the South line of said
Lot 96; thence North 890 58' 41" West along said South line a distance of
166.14 feet to the place of beginning containing 26,175 square feet (0.601
acres) more or less.
Subject to any easements, covenants or restrictions of record.
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, et seq. and South Bend Municipal Code section
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 seq.,
and qualifies under the 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 estimate of the value of the redevelopment or rehabilitation
is reasonable for projects of this nature;
B. That the estimate of the number of individuals who will be employed
or whose employment will be retained can reasonably be expected to result from
the proposed described redevelopment or rehabilitation;
C. 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;
D. 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
E. 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 the benefits identified in the Statement of Benefits set forth as
sections I through II of the Petition for Real Property Tax Abatement Consider-
ation 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 recommend-
ation 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, 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.
pRMWED S_ a a S9
NOT APPROVED
ADOPTED q - q -C/O
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Member e Common Cou
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APR i o 1989
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