HomeMy WebLinkAboutDesignating Tax Abatement - KCP Printing Co. 3615 McGill St. (5 Year Personal Property)RESOLUTION
NO. 1685 -89
Passed by the Common Council of the City of South Bend, Indiana,
January 9, 19 89
Attest: City Clerk
Attest:aa S) — President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
January 10, 89
9
City Clerk
Approved and signed by me _ `Sc�y `a" 19 1 .
Mayor
RESOLUTION NO. I (oZS-9q
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 3615 MCGILL STREET AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF A 5 YEAR PERSONAL PROPERTY
TAX ABATEMENT FOR KCP PRINTING CO.
WHEREAS, a petition for personal 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 3615 McGill 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, of the City of South Bend, German
Township, St. Joseph County, Indiana, and described as follows:
COMMENCING at the Northeast corner of said Section 28; thence
South 89 °48105" West along the North line of said Quarter
Section, 1305.00 feet, thence South 00 °00123" West along the
centerline of Kenmore Street, 363.70 feet; thence South
09 059137" East along said centerline, 486.87 feet to the
centerline intersection of Kenmore Street and McGill Street;
thence South 80 °00123" West along the centerline of McGill
Street, 303.50 feet; thence North 89 059137" West along said
centerline, 270.66 feet to the Point of Beginning; thence
continuinng North 89 059137" West, 523.23 feet; thence North
00 002141" East, 399.78 feet; thence South 89 048105" West,
522.97 feet; thence South 00 °00123" West, 401.65 feet to the
Point of Beginning, and containing 4.812 acres, more or less,
and is subject to all easements, restrictions, and or
limitations of record.
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 Personal 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 seq., for tax abatement.
SECTION II. The Common Council hereby determines that the
property owner is qualified for and is granted personal property
tax deduction for a period of 5 years.
SECTION III. 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 redvelopment or
rehabilitation;
C. That 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 rehabilitatiin 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 Personal Property Tax Abatement Consideratin 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 Personal
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 and is granted property tax deduction
for a period of five (5) years.
SECTION VII. The Common Council directs the City Clerk to
cause notice of the adoption of this Declaratory Resolution for
Personal 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.
e of the Co Vf Council
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