HomeMy WebLinkAboutDesignating Tax Abatement - Murdock & Sons Construction Inc. Lafayette St between Stull & Broadway St. (6 Year Real Property)RESOLY01190N
Passed by the Common Council of the City of South Bend, Indiana,
February 13, 19 89
__'_ City Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
February 14,
89
19
City Clerk
Approved and signed by me_ February 14,_ 19 89_.
Mayor
RESOLUTION NO. / 700 - H
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 LAFAYETTE STREET BETWEEN STULL AND BROADWAY
STREETS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX
( 6) YEAR REAL PROPERTY TAX ABATEMENT FOR MURDOCK & SONS
CONSTRUCTION, INC. NEW OFFICE AND YARD
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 Lafayette Street between Stull and Broadway
Streets, South Bend, Indiana, and which is more particularly
described as follows:
Seventy -five feet off of the West end of the North Half of
Lot Numbered Fourteen (14) and the South Half of Lot
Numbered Fourteen (14), all of Lots Numbered Fifteen (15),
Twenty (20), Twenty -one (21), Twenty -two (22) and Twenty -six
(26), and the North Half of Lot Numbered Nineteen (19) all
as shown on the recorded Plat of Samuel C. Stull's Second
Addition to the City of South Bend, recorded in Plat Book 6,
page 29 in the Office of the Recorder of St. Joseph County,
Indiana.
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:
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 reasonable 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. 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.
Mem a the Common cil
Iii 'Bias unll
PRESENTED o) ` i 3 -8 9 FEB 8
1989
NOT APPROVED (�
ADOPTED o2 - 13 -� Q r,IIREN GAMMON