HomeMy WebLinkAboutDesignating Tax Abatement - Miles Dental Manufacturing Business 4315 S. Lafayette (10 Year Real Property)RESNOLY1� ON
Passed by the Common Council of the City of South Bend,
Attest:
April 11 19 89
Presented by me to the Mayor of the City of South Bend, Indiana
April
Approved and signed by me
1 89
19
ril 11
Clerk
of Common Council.
City Clerk
Mayor
RESOLUTION NO. I � / ti- 0
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 4315
S. LAFAYETTE, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR
REAL PROPERTY TAX ABATEMENT FOR RELOCATION OF MILES DENTAL MANUFACTURING
BUSINESS.
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 4315 S. Lafayette,
South Bend, Indiana, and which is more particularly described as follows:
314x628' Beg NE Cor SE 1/4 NE 1/4 4.528A Sec 26 37 2E
and
314x675.5' Beg 628'W NE Car SE 1/4 NE 1/4 4.86AC Sec 26 37 2E
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 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. 6 -1.1- 12.1 -1 et
sec., and qualifies under the provisions of South Bend Municipal Code Section
2 -76 et 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 rehabilita-
tion 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
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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 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 recom-
mendation 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
ten (10) 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.
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emb, r the Common u cil
fled In Clerk's Office