HomeMy WebLinkAboutDesignating Tax Abatement - Communications Test Design Inc. Lot 5.3B (6 Year Real Property)Attest:
RESq.LY6TI89N
Passed by the Common Council of the City of South Bend, Indiana
January 23, 19 89
City Clerk
Attest: President of Common Council.
zm
Presented by me to the Mayor of the City of South Bend, Indian
January
24, 89
19
Approved and signed by me _ 2/— —
C
Clerk
Mayor
RESOLUTION NO. 16q5- 8 q
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 LOT 5.3B, POINT VERIDIAN
TECHNOLOGY CAMPUS AN ECONOMIC REVITALIZATION AREA
FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX
ABATEMENT FOR COMMUNICATIONS TEST DESIGN 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 Lot 5.3B
Point Veridian Technology Campus, South Bend, Indiana, and which is more
particularly described as follows:
A part of the Southeast Quarter of Section 28, Township 38 North,
Range 2 East of the Second Principal Meridian, City of South Bend, St.
Joseph County, Indiana and described as follows:
Commencing at the Northeast corner of the Southeast Quarter of said
Section 28, said point being at the intersection of Bendix and Boland
Drives; thence South 89059156" West (bearing assumed) along the
Southerly right -of -way line of Boland Drive 1502.51 feet; thence South
OOo21 '33" West, 293.00 feet to the point of Beginning; thence North
89058'56" East, 520.01 feet, thence South OOo21'33" West, 293.00 feet;
thence South 89058156" West, 520.01 feet; thence North OOo2l'33" East
293.00 feet to the Point of Beginning and containing 3.5 acres, more or
less; and is subject to easement restrictions and or convenants of record.
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 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:
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 find that the
propose 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
recommeation 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 qua i f-iR —for and is granted property tax deduction for a period of
Six ( 6 ) years.
SECTION VII. The Common Council directs the City Clerk to cause notice of
the a oppt-5n oi` 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 by the Common Council and approval by the Mayor.
PRESENTED I— a i— 8 9
NOT APPROVED
ADOPTED I - a 3-87
In r;lerh st W.-
JAN ; 8 1989
IRENE GAMMOk
PITY &IERR, W RcN9