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HomeMy WebLinkAboutDesignating Tax Abatement - Ziker Cleaners, Inc. 247 to 251 E. Sample St. (3 Year Real Property)Attest: RESOLUTION NO. 1734 -89 Passed by the Common Council of the City of South Bend, Indiana Clerk S Attest: President of Common Council. Presented by me to the Mayor of the City of South Bend, Approved and signed by me _ %X�� a8 C. City Clerk Mayor RESOLUTION NO. 173z% - 0 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 247 TO 251 EAST SAMPLE STREET IN SOUTH BEND AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREF3� YEAR REAL PROPERTY TAX ABATEMENT FOR 1ST SOURCE BANK, TRUSTEE OF THE JOSEPH ZIKER TRUST AND FOR ITS TENANT, ZIKER CLEANERS, 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, requesting that the area in South Bend, Indiana, which is described as follows: Parcel 1: All that portion of the South half of Lot Thirty -eight (38) of Denniston and Fellow's addition to the Town, now City of South Bend, and Lots numbered 1 through 10 as shown on the recorded Plat of J.C. Knoblock's subdivision of Lot Thirty -nine (39) of Denniston and Fellow's addition to the Town, now City of South Bend. Parcel 2: The North half of Lots Thirty -seven (37) and Thirty -eight (38) of Denniston and Fellow's addition to the Town, now City of South Bend, 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 sea., and South Bend Municipal Code 2 -76, et sec., 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 Statement of Benefits form completed by the Petitioner meets the requirements of Indiana Code 6 -1.1- 12.1 -1 et sec., and qualifies under the provisions of South Bend Municipal Code Section 2 -76, et sea., 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 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 the benefits identified in the Statement of Benefits as set forth in Sections I and II of the Petition for Real Property Tax Abatement Consideration and that the Statement of Benefits form prescribed by the State Board of Accounts is 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 three(3) 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. M r of the Co n Council kjb\ziker.res PRESENTED 40-a&-" NOT APPROVM ADOPTED (p -,)&, 6'% filed In Clark's Office MAY 1 01989 IRENE GAMMON PTY CLERK, W RFMD !i'