HomeMy WebLinkAboutDesignating Tax Abatement - Ziker Cleaners, Inc. 247 to 251 E. Sample St. (5 Year Personnel Property)RESOL1Y2T ON
Passed by the Common Council of the City of South Bend, Indiana,
June 12, 19 89
Attest:_ '" °�' ^^ "^ —'_ City Clerk
Attest
Presented by me to the Mayor of the City of South Bend, In
June 13, 89
19
of Common Council.
Clerk
Approved and signed by me _ 19409
,, ':�— �—�_ Mayor
RESOLUTION NO. l / d "/
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 FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT
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 sec., and South Bend
Municipal Code section 2 -76 et sec., 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 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 Statement of
Benefits form completed by the Petitioner meets the requirements
of Indiana Code 6 -1.1- 12.1 -1 et sue., and qualifies under the
provisions of South Bend Municipal Code Section 2 -76, et sec., 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, and which can be reasonably expected to result
from the installation of the new manufacturing equipment.
SECTION III. The Common Council hereby determines and finds
that the proposed new manufacturing equipment 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 -4.5.
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 for purposes of personal property tax abatement
and hereby makes such a designation.
SECTION V. The Common Council determines that such
designation is for personal property tax abatement only and 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 five (5) 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.
f the Co Council
kjb\ziker5.res
Filed In Clerk's Office
MAY 101989
IRENE GAMMON
CITY CLERK, SO. BEND, It'
PRESENTED C- - I Ck - %I
NOT APPROVED
ADOPTED. & -- ( a - g