HomeMy WebLinkAboutDesignating Tax Abatement - Bangor Refrigeration Corp. 3620 W. McGill Ct. (10 Year Real Property)RESOLUTION
NO. 1641 -88
Passed by the Common Council of the City of South Bend, Indiana
Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
September 13, ly 88
X-
and signed by me September 14, iq 88
City Clerk
Mayor
RESOLUTION NO. I -IFS
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 3620 WEST Mc GILL COURT AN
ECONOMIC REVITALIZATION AREA FOR PURPOSES
OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT
FOR BANGOR REFRIGERATION CORPORATION
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 3620 West McGill
Court, South Bend, Indiana, and which is more particularly described as
follows:
A part of the Northeast Quarter of Section 38, 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
89048'05" West along the North line of said Quarter Section, 1305.00
feet; thence South 00000'23" West along the centerline of Kenmore
Street, 363.70 feet; thence South 09059'37" East along said
centerline, 486.87 feet to the centerline intersection of Kenmore Street
and McGill Street; thence South 80000'23" West along the centerline of
McGill Street, 303.50 feet; thence North 89059'37" West along said
centerline, 270.66 feet to the Point of Beginning, thence South
00000'23" West, 401.41 feet; thence North 89059'37" West, 523.60
feet; thence North 00002'41" East, 401.40 feet; thence South
89059'37" West, 523.23 feet to the Point of Beginning, and containing
4.823 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 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
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 de— scriSed 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
recommen a ion 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 �(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 ten ( 10) 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 — t� i option by the Common Council and approval by the Mayor.
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