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HomeMy WebLinkAboutConfirming Tax Abatement - Hurwich Farms Northeast Corner of Portage & Maple Roads (3 Year Real Property)RESOLy4TJ90N Passed by the Common Council of the City of South Bend, Indiana, August 28, 19 89 Attest: i"�"` �- — -- _ City Clerk Attest: President of Common Council. Presented by me to the Mayor of the City of South Bend, August 29, 89 9 City Clerk Approved and signed by me_ Auaus-t-30 9_$9_ —• Mayor RESOLUTION NO. / 7 75 E 9 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA COMMONLY KNOWN AS THE NORTHEAST CORNER OF PORTAGE AND MAPLE ROADS TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE YEAR REAL PROPERTY TAX ABATEMENT FOR HURWICH FARMS WHEREAS, the Common Council of the City of South Bend, Indiana has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as the Northeast Corner of Portage and Maple Roads and which is more particularly described as follows: A parcel of land being a part of the East Half of the Southwest Quarter of Section 22, Township 38 North, Range 2 East, City of South Bend, German Township, St. Joseph County, Indiana and being more particularly described as follows: Commencing at the center of said Section 22; thence Southerly along the East line of the Southwest Quarter of said Section 22, a distance of 1140 feet; thence along a course having a deflection angle of 70 -30' to the right from the preceeding described course, a distance of 500 feet; thence along a course having a deflection angle of 45 -00' to the left from the preceeding described course, a distance of 38 feet; thence along a course having a deflection angle of 45 -00' to the right from the preceeding described course, a distance of 160 feet; thence along a course having a deflection angle of 90 -00' to the right from the preceeding described course, a distance of 70 feet to the place of beginning for this description; thence continuing along the Northwesterly projection of said last described course, a distance of 10 feet; thence along a course having a deflection angle of 90 -00' from the preceeding described course, 54.09 feet; thence Northerly along a course parallel with the East line of the Southwest Quarter of said Section 22, a distance of 99.71 feet; thence Westerly along a course parallel with the North line of the Southwest Quarter of said Section 22, a distance of 260 feet, thence Northwesterly along a course parallel with the centerline of a public road, now known as Portage Road, a distance of 458 feet; thence along a course having a deflection angle of 90 -00' to the left from the preceeding described course, a distance of 270 feet, more or less, to the centerline of said Portage Road; thence Southeasterly along said centerline of Portage Road a distance of 662 feet, more or less; thence along a course having a deflection angle of 90 -00' to the left from the preceeding described course, a distance of 413 feet, more or less to the place of beginning containing 4.87 acres more or less. Subject to the legal rights of a public highway and any easements, covenants or restrictions of record. as an Economic Revitalization Area; and be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et sea. and South Bend Municipal Code section 2 -76 et sea., 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 section 2 -76, et sea., and has further prepared maps and plats showing the boundaries and such other information regarding the area in quesion as required by law; and WHEREAS, the Human Resources and Economic Development Committee of th 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 meets the requirements of I.C. 6- 1.1- 12.1 -1 et sea., 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 tha 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 requuirements 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 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. WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6- 1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been m et. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of three (3) years. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. av t' Member of the Comm n Council A 1 7 198 EfDA PkESENi o NOT APPROVED ADOPTED V "a F - 6