HomeMy WebLinkAboutDesignating Tax Abatement - 113 East WayneRESOLUTION
NO. 1681 -88
Passed by the Common Council of the City of South Bend,
Beeomber 19--g-g.
Attest: T" e_ `O City Clerk
of Common Council.
Presented by me to the Mayor of the City of South Bend,
December 13, 19 88.
(< City Clerk
Approved and signed by me Q�—c & "^ —e-. is— 19A
Mayor
RESOLUTION NO. ` (. �; k - g' �-
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 113 EAST WAYNE STREET AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF REAL PROPERTY
TAX ABATEMENT FOR 113 EAST WAYNE.
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 113 East Wayne
Street, South Bend, Indiana, and which is more particularly
described as follows:
113 East Wayne Street in the City of South Bend, in St.
Joseph County, Indiana, comprising the east 75 feet of Lot 53
and the east 75 feet of the south one -half of Lot 54, all as
shown on the Original Plat of the Town, new City, of South
Bend.
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 se q., 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 rehabilitation is reasonable for projects of this nature;
B. That the estimate of the number of individuals who
will be empolyed or whose employment will be retained can
resonably be expected to result from the proposed described
redevelopment or rehabilitation;
C. That the estimate of the annual salaries of those
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 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 ( ) 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.
Memb of -the Common-Council