HomeMy WebLinkAboutDesignating Tax Abatement - East Race Villa's 109 N. Hill (3 Year Real Property)NO. RESUTION
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Passed by the Common Council of the City of South Bend, Indiana,
April 23, 90
19
Attest: _� City Clerk
Attest: - -- President of Common Council.
Presented by me to the Mayor of the City of South Bend,
April 24, 90
Approved and signed by me
it 24
9
• '1
City Clerk
Mayor
RESOLUTION NO. P7l'�?_ 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 109 N. HILL, SOUTH BEND, INDIANA AN ECONOMIC
REVITALIZATION AREA FOR PURPOSE OF A 3 YEAR REAL PROPERTY
TAX ABATEMENT FOR
EAST RACE VILLA'S
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 109 N. Hill, South Bend,
Indiana, and which is more particularly described as follows:
The South Half (1/2) of Lot Numbered One Hundred (100)
as shown in the Original Plat of the Town of Lowell, now a
part of the City of South Bend, St. Joseph County, Indiana,
as shown in Plat Book J, page 455.
and
Lot Numbered One Hundred One (101) and a lot or parcel
of land 3 feet in width, North and South, and taken off of
the entire length of the North aide of Lot Numbered One
Hundred Two (102) all in the Original Plat of the Town of
Lowell, now a part of the City of South Bend, St. Joseph
County, Indiana, as shown in Plat Book J, page 455.
and
The North One -half (1 12) of Lot Numbered One Hundred
(100) as shown on the Original Plat of the Town of Lowell,
now a part of the City of South Bend.
Subject to all covenants, conditions, restrictions,
easements and reservations of record, and to zoning
ordinances.
be designated as an Economic Revitalization Area under the
Provisions of Indiana Code 6 -1.1- 12.1 -1 at seg_ and South
Bend Municipal Code section 2 -76 at seg., 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, at seg. and South Bend
Municipal Code Section 2 -76, et seg., 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 at seg., and
qualifies under the provisions of South Bend Municipal Code
Section 2 -76 at seg., for tax abatement.
S_E_C_T_IO_N_ 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 be
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 Consideration and 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 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 three (3) years.'
S_E_CT_I_ON_ V_II. 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.
_SE_C_T_I_ON_ _VIII. This Resolution shall be in full force
and effect from and after its adoption by the Common Council
and approval by the Mayor.
PRESENTED Ll- O%3 -90
NOT APPROVED
ADOPTED y- a 3 -90