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HomeMy WebLinkAboutDesignating Tax Abatement - Dafir Realty Company/Aucilla Plastics Inc. 3333 N. Kenmore St. (3 Year Real Property)RESOLYTION NO. 16 7 -88 Passed by the Common Council of the City of South Bend, Indiana, November 28, 19 88 Attest: City Clerk Attest: Presented by me to the Mayor of the City of South Bend, November 29, 88 19 dent of Common Council. °"— '^ ✓ City Clerk Approved and signed by me_ oUSe.V � i Zc� 19 (99 . Mayor RESOLUTION NO. l V 7 I- S � 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 3333 NORTH KENMORE STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A 3 YEAR REAL PROPERTY TAX ABATEMENT FOR DAFIR REALTY COMPANY/ AUCILLA PLASTICS, 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, Indiana, requesting that the area commonly known as 3333 North Kenmore Street, South Bend, Indiana, and which is more particularly described as follows: A part of the Northeast Quarter of Section 28, Township 38 North, Range 2 East, City of South Bend, St. Joseph, Indiana, described as follows: Commencing at the Northeast corner of said Section 28; thence South 89 048'05" West (the bearing of the south line of the Southeast Quarter of Section 28 is assumed North 90 000'00" West) a distance of 1345.00 feet along the north line of said Northeast Quarter; thence South 0 000'23" West a distance of 50.00 feet to the western boundary of Kenmore Street and the point of beginning; thence South 0 000'23" West a distance of 146.47 feet along said western boundary; thence Southerly along said boundary 297.10 feet along an arc to left having a radius of 1949.86 feet and subtended by a long chord having a bearing of South 4 021131" East and a length of 296.77 feet; thence South 89 048'05" West a distance of 499.31 feet; thence North 0 002'41" East a distance of 452.50 feet to the South boundary of Cleveland Road; thence North 89 048'05" East a distance of 466.42 feet along said south boundary; thence South 45 005'46" East a distance of 14.12 feet to the point of beginning, and containing 5.000 acres, more or less. Above described tract of land is encumbered by an easement for wastewater and stormwater systems located into, under, upon, over and across a strip of land 12.5 feet in width with the south boundary of said easement being the south boundary of above described tract of land. All of the foregoing being situated in the City of South Bend, County of St. Joseph, State of Indiana. 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 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 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 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 in 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 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. -2- 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. C�, A SML-W-� Memb r of the Common Council 7331K PRESENTED /,0'— ? 9--c?,? NOT APPROVED ADOPTED ( ( - a 8 - V Z -3- 'ele=ct jr! CIC YJ "s..`tty NOV 2 2 1988