HomeMy WebLinkAboutDesignating Tax Abatement - Kanczuzewski Enterprise LP 2741 N. Foundation Dr. (6 Year Real Property)RESOLUTION
NO. 1682 -88
Passed by the Common Council of the City of South Bend,
� K
City Clerk
Presented by me to the Mayor of the City of South Bend, I
December 13
of Common Council.
Approved and signed by me ��C �� 19
City Clerk
Mayor
(PROPOSED FORM FOR REAL PROPERTY)
TAX ABATEMENT DECLARATION
RESOLUTION NO._ I(-,g;� -$'Y
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 2741 N. FOUNDATION DR. AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF A SIX YEAR REAL PROPERTY
TAX ABATEMENT FOR
Kanczuzewski Enterprise Limited Partnership
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 2741 N. Foundation Dr., South Bend, Indiana,
and which is more particularly described as follows:
Situated in St. Joseph County, in the state of Indiana: A
parcel of land in the Southwest Quarter of Section 28, Township 38
North, Range 2, East, St. Joseph County, Indiana, more particularly
described as follows: Commencing at the Southeast corner of said
Quarter Section; thence South 89 degrees 57 minutes 33 seconds West
171.27 feet along the South line of said Section; thence North 0
degrees 00 minutes 47 seconds East 210.80 feet; thence North 89
degrees 59 minutes 13 seconds West 40.00 feet to the point of
beginning of this description; then North 89 degrees 59 minutes
13 seconds West 450.00 feet; thence North 0 degrees 00 minutes
47 seconds East 290.40 feet; thence South 89 degrees 59 minutes
13 seconds East 450.00 feet; thence South 0 degrees 00 minutes
47 seconds West 290.40 feet to the point of beginning. Said
parcel being known as Lot 3 -8 Airport Industrial Park Phase III
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 seg. and South Bend Municipal Code section 2 -76,
et seg., 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
fines 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 seq., 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 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 w'as
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 the period of six (6) 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.
NOT APPROVED
OPTED i---A -la —V8'
4be the Common Council
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DEC 7 1988
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