HomeMy WebLinkAboutDesignating Tax Abatement - Airpark Place 3600 McGill St. (6 Year Real Property)RESOLUTION
NO. 1727 -89
Passed by the Common Council of the City of South Bend, Indiana
Attest:_ City Clerk
Attest:
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
City Clerk
Approved and signed by me _ LMc1_ —a'3 1999 .
Mayor
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RESOLUTION NO. rm 7 -9
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 3600 MCGILL STREET AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF A SIX YEAR PEAL PROPERTY
MAX ABATEMENT FOR AIRPARK PLACE
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
blown as 3600 McGill Street, South Bend, Indiana, and which is more
particularly described as follows:
Commencing at the Northwest Corner of said Section 28; thence
South 89 48'05" West (the bearing of the South line of the
Southeast Quarter of Section 28 is assumed North 90 00'00" West)
a distance of 1305.00 feet along the North boundary of said
Northeast Quarter to the centerline intersection of Cleveland
Road and Kenmore Street; thence South 00 00'23" West and a
distance of 363.70 feet to a cross cut in the pavement; thence
South 09 59'37" East a distance of 531.87 feet to a cross cut in
the centerline of Kenmore Street; thence South 80 00123" West a
distance of 40.00 feet to a 1;2 inch iron rebar; thence North 54
59134" West, 14.14 feet; thence South 80 00'23" West, 86.41 feet;
thence Southwesterly 90.16 feet along a segment of a curve to the
right, having a radius of 1944.86 feet, subtended by a chord,
having a bearing of South 81 20'03" West and a length of 90.15
feet to the Point of Beginning; thence South 00 00123" West,
32.35 feet; thence North 39 59'37" West, 352.17 feet; thence
North 00 00123" East, 366.40 feet; thence South 89 59'37" East,
103.57 feet; thence Northeasterly 249.28 feet along a curve to
the left, having a radius of 1944.86 feet, subtended by a chord ,
having a bearing of North 86 20'07" East and a length of 249.11
feet to the Point of Beginning and containing 2.9925 acres, more
or less, and is subject to all easements, restrictions and or
covenants or record.
be designated as an Economic Revitalization Area under the provisions
of Indiana Code 6 -1.1- 12.1 -1 et.sq. 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. 5 -1.1- 12.1 -1 et. seq.,and qualifies under the provisions of
South Bend Municipal Code Section 2 -76 ec. 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 IC
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 Section 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 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 Hunan Resources and Economic Development
Committee that the area herein described be designated and 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 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, 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.
Mem c Common Coun
PRESENTED 5- d a - EG
NOT APPROVED
ADOPTED
. uitut ., U1
APR 2 5 1989
IRENE GAMMO,