HomeMy WebLinkAboutDesignating Tax Abatement - Mary Crest Amoco 2302, 2304, 2306 Western Ave. (6 Years Real Property)RESOLUTION
NO. 1605 -88
Passed by the Common Council of the City of South Bend, Indiana
Attest: 4"� City Clerk
Presented by me to the Mayor of the City of South Bend,
Approved and signed by me
of Common Council.
May 10, 19 88
J City Clerk
Mayor
SUBSTITUTE
RESOLUTION NO. 88 -23
Resolution No. 1605 -88
A RESOLUTION OF THE COMMON COUNCIL
OF THE CITY OF SOUTH BEND
DESIGNATING CERTAIN aEAS WITHIN THE CITY OF SOUTH BEND
COMMONLY KNOWN AS 2302, 2304, 2306 WESTERN AVENUE
SOUTH BEND, INDIANA 46619
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
REAL PROPERTY TAX ABATEMENT
(MARY CREST AMOCO)
WHEREAS, a petition for real property tax abatement
consideration has been filed with the Common Council of the
City of South Bend, requesting that the are commonly known
as 2302 Western Avenue, 2304 Western Avenue, and 2306
Western Avenue, South Bend, IN 46619, and which is more
particularly described as follows:
Lots Numbered Three Hundred Sixty -five (365),
Three Hundred Sixty -six (366) and Three Hundred
Sixty -seven (367) in Summit Place Second Addition
to the City of South Bend, in 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:
WHEREAS, The Department of Economic Development has
concluded as investigation 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 sea., and
South Bend Municipal Code Section 2 -76.
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 by expected to result from
the proposed described redevelopment of
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 reasonably expected to yield the
benefits identified in the Statement of Benefits set forth
as Sections I through IV of the Petition for Real Property
Tax Abatement Consideration, and that the completed
Statement of Benefits For prescribed by the State Board of
Tax Commissioner's 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 by 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.
Revitalization Area
years from the date
the Common Council.
The designation as an Economic
shall be limited to the two (2) calendar
of the adoption of this Resolution by
SECTION VI. The Common Council hereby determines that
the property owner is qualified for and is granted property
tax deduction for a period of six: (6) years.
SECTION VII. This Resolution shall be in full force
and effect from and after its adoption by the Common Council
and approval by the Mayor.
tuber of the Common Council
PRESENTED 5- 9'
NOT APPROM
ADOPTED 5- G- o i 0