HomeMy WebLinkAboutDesignating Tax Abatement - 635 S. Lafayette Blvd. (10 Year Real Property) RESOLUTION
NO. 1542-87A
Passed by the Common Council of the City of South Bend, Indiana,
October 26, 19 87
Attest: I 7C City Clerk
Attest: `,: —� -.! if President of Common Council.
iff
Presented by me to the Mayor of the City of South Bend, Indiana
October 27 , 19 87
City Clerk
Approved and signed by me /(, 2- c27 19 Q7.
Mayor
RESOLUTION NO. 4 5434.17
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND
DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN
AS 635 S. LAFAYETTE BLVD. AN ECONOMIC REVITALIZATION AREA FOR PURPOSES
OF REAL PROPERTY TAX ABATEMENT.
WHEREAS, the Common Council of the City of South Bend has adopted a
Declaratory Resolution designating certain areas within the City as
Economic Revitalization Areas for the purpose of tax abatement
consideration; and
WHEREAS, a declaratory resolution designated the area commonly known
as 635 S. Lafayette Blvd. and which is more particularly described as
follows:
The land referred to is located in the County of St. Joseph, State of
Indiana, and described as follows:
A part of the Southeast Quarter (1/4) of Section Eleven ( 11) , and part of
the Southwest Quarter ( 1/4) of Section Twelve ( 12) , all in Township
Thirty-seven ( 37) North, Range Two ( 2) East of the 2nd P.M. , more
particularly described as follows:
Beginning at the Northeast corner of Tract No. 3 of the Studebaker Corp.
Replat, as recorded in Plat Book 11, page 184, in the office of the
Recorder of St. Joseph County, Indiana; thence South 00°12 ' 10 East along
the East line of said Tract No. 3 (being also the West line of Lafayette
Boulevard) a distance of 690 .31 feet to a point; thence South 89°42 ' 54"
West a distance of 598 .92 feet to a point; thence North 00°40 ' 02" West a
distance of 286 .76 feet to a point; thence North 89°36 ' 07" West a
distance of 66 .16 feet to a point; thence North 00°12 ' 30" West a
distance of 120 .87 feet to a point; thence North 24°46 ' 30" West a
distance of 91.77 feet to a point; thence North 89°29 ' 14" West a
distance of 97 .00 feet to a point; thence North 00°30146" East a
distance of 84.60 feet to a point; thence North 89°29 ' 14" West a
distance of 0 .67 feet to a point; thence North 00°30 ' 46" East a distance
of 20. 30 feet to a point; thence North 89°29 ' 14" West a distance of 6 .40
feet to a point; thence North 00°30 ' 46" East a distance of 102.64 feet
to the North line of Tract No. 3 as aforesaid; thence South 89°32 ' 00"
East along said North line of said Tract No. 3 (being also the South line
of the New York Central Railroad right of way) , a distance of 807 .09 feet
to the point of beginning.
ALSO, a non-exclusive perpetual easement for vehicular and pedestrian
ingress and egress in, upon and over the following described real estate:
A part of the Southeast Quarter of Section 11, Township 37 North, Range 2
East, more particularly described as follows:
Commencing at the Northeast corner of Tract No. 3 of the Studebaker
Corporation Replat as recorded in Plat Book 11, page 184, in the Office of
the Recorder of St. Joseph County, Indiana; thence South 00°12 ' 10" East
a distance of 690. 31 feet to a point; thence South 89°42 ' 54" West a
distance of 646.47 feet to the point of beginning; thence continuing South
89°42 ' 54" West a distance of 30 .03 feet to a point; thence South
02°06 ' 30" West a distance of 268 . 30 feet to a point; thence South
04°39 ' 23" West a distance of 169.34 feet to a point; thence South
06°01 ' 08" West a distance of 123 .28 feet to a point; thence South
00°16 ' 04" West a distance of 35.06 feet to a point on the North line of
Sample Street, said North line being also the Southerly line of said Tract
No. 3 of the Studebaker Corporation Replat; thence South 89°51 ' 46" East
along said North line of Sample Street a distance of 30.00 feet to a
point; thence North 00°16 ' 04" East a distance of 33 .42 feet to a point;
thence North 06°01 ' 08" East a distance of 122. 15 feet to a point; thence
North 04°39 ' 23" East a distance of 170 .38 feet to a point; thence North
02°06 ' 30" East a distance of 270. 24 feet to the point of beginning. (all
bearings assumed) .
ALSO, a non-exclusive perpetual easement for storm and sanitary sewer
drainage purposes in, upon and over the following described real estate:
A part of the Southeast Quarter of Section 11, Township 37 North, Range 2
East, more particularly described as follows:
Beginning at a point on the Westerly line of Tract No. 3 of the Studebaker
Corporation' s Replat as recorded in Plat Book 11, page 184, in the Office
of the Recorder of St. Joseph County, Indiana, 379 .03 feet Northerly of
the Southwest corner thereof (as measured along said Westerly line of said
Tract No. 3 ) ; thence South 89°08 ' 27" East a distance of 184. 28 feet to a
point; thence South 88°42 ' 25" East a distance of 759 . 39 feet to a point;
thence North 00°17 ' 06" West a distance of 282. 10 feet to a point; thence
North 89°42 ' 54" East a distance of 20 .00 feet to a point; thence South
00°17 ' 06" east a distance of 302 .66 feet to a point; thence North
88°42 ' 25" West a distance of 779.88 feet to a point; thence North
89°08 ' 27"West a distance of 195.13 feet to the Westerly line of Tract
No. 3 as aforesaid; thence North 29°30 ' 57" East along said Westerly line
of Tract No. 3 a distance of 22.79 feet to the point of beginning. (all
bearings assumed) .
ALSO, a non-exclusive easement for a roadway for ingress and egress and to
maintain railroad service to lands and buildings of Grantor and Grantee,
their successors and assigns, reserved to Wood Brothers, Inc. in the
Warranty Deed to South Bend Warehouse Corporation recorded in Deed Record
697, page 125 , described as follows:
A part of the Southeast Quarter of Section 11, Township 37 North, Range 2
East of the 2nd P.M. , more particularly described as follows: Beginning
at the Northwest corner of Tract No. 3 of the Studebaker Corporation
Replat, as recorded in Plat Book 11, page 184, in the Office of the
Recorder of St. Joseph County, Indiana; thence South 29°30 ' 57" East
along the Easterly line of Prairie Avenue, a distance of 179 . 51 feet for a
point of beginning; thence South 60°29 ' 03" East a distance of 64.34 feet
to a point on a curve convex to Northwest and having a radius of 346 .30
feet and a central angle of 28°11 ' 20" ; thence Northeasterly along said
curve an arc distance of 170 . 38 feet to a point; thence South 89°29 ' 14"
East a distance of 85 .40 feet to a point; thence South 00°30 ' 46" West a
distance of 5 .00 feet to a point; thence South 89°29 ' 14" East a distance
of 13 . 40 feet to a point; thence North 00°30 ' 46" East a distance of 5 .00
feet to a point; thence South 89°29 ' 14" East a distance of 27. 50 feet to
a point; thence South 00°30 ' 46" West a distance of 63 .00 feet to a
point; thence North 89°29 ' 14" West a distance of 242.65 feet to a point
on a curve convex to the Northwest and having a radius of 308. 50 feet and
a central angle of 22°24' 19" ; thence Southwesterly along said curve an
arc distance of 120 .64 feet to the point of a compound curvature with a
curve convex to the Northwest and having a radius of 985 .00 feet and a
central angle of 15°14 ' 57" ; thence Southwesterly along said last
described curve an arc distance of 262.16 feet to the point of tangency of
said curve; thence South 29°30 ' 57" West a distance of 256 .39 feet to a
point; thence South 89°42 ' 54" West a distance of 30 . 23 feet to the
Easterly line of Prairie Avenue; thence North 29°30 ' 57" East a distance
of 632.00 feet to the point of beginning.
ALSO, a non-exclusive easement for a roadway for ingress and egress
reserved to the Grantor, Wood Brothers, Inc. in the Warranty Deed to South
Bend Warehouse Corporation in Deed Record 697, page 126, described as
follows:
A part of the Southeast Quarter of Section 11, Township 37 North, Range 2
East, of the 2nd P.M. , more particularly described as follows: Beginning
at the Northwest corner of Tract No. 3 of the Studebaker Corporation
Replat as recorded in Plat Book 11, page 184, in the Office of the
Recorder of St. Joseph County, Indiana; thence South 89°32 ' 00" East a
distance of 251.33 feet to a point; thence South 00°30 ' 46" West a
distance of 102.64 feet; thence South 89°29 ' 14" East a distance of 6 .40
feet to a point; thence South 00°30 ' 46" West a distance of 20. 30 feet to
a point; thence South 89°29 ' 14" East a distance of 0. 67 feet to a point;
thence South 00°30 ' 46" East a distance of 84.60 feet to a point; thence
South 89°29 ' 14" East a distance of 97.00 feet for a point of beginning;
thence South 24°46 ' 30" East a distance of 91.77 feet to a point; thence
South 00°12 ' 30" East a distance of 120. 87 feet to a point; thence North
89°36 ' 07" West a distance of 31.95 feet to a point; thence North
00°12 ' 30" West a distance of 120 . 53 feet to a point; thence North
24°46 ' 30" West a distance of 92. 22 feet to a point; thence South
89°29 ' 14" East a distance of 32.14 feet to the point of beginning.
ALSO, a non-exclusive easement to maintain on the surface and underground
storage of fuel oil reserved to the Grantor, Wood Brothers, Inc. , in a
Warranty Deed to South Bend Warehouse Corporation recorded in Deed Record
697, page 126 , described as follows:
A part of the Southeast Quarter of Section 11, Township 37 North, Range 2
East of the 2nd P.M. , more particularly described as follows: Beginning
at the Northwest corner of Tract No. 3 of the Studebaker Corporation
Replat, as recorded in Plat Book 11, page 184, in the office of the
Recorder of St. Joseph County, Indiana; thence South 89°32 ' 00" East a
distance of 251.33 feet to a point thence South 00°30 ' 46" West a
distance of 102.64 feet to a point; thence South 89°29 ' 14" East a
distance of 640 feet to a point; thence South 00°30 ' 46" West a distance
of 20 . 30 feet to a point; thence South 89°29 ' 14" East a distance of 0. 67
feet to a point; thence South 00°30 ' 46" West a .distance of 84.60 feet
for a point of beginning; thence South 89°29 ' 14" East a distance of
15 .00 feet to a point; thence South 00°30 ' 46" West a distance of 46.00
feet to a point; thence North 89°29 ' 14" West a distance of 48 .00 feet to
a point; thence North 00°30 ' 46" East a distance of 15. 00 feet to a
point; thence South 89°29 ' 14" East a distance of 33 .00 feet to a point;
thence North 00°30 ' 46" East a distance of 31.00 feet to the point of
beginning.
be designated as an Economic Revitalization Area under the provision of
Indiana Code 6-1.1-12. 1-1, et seq. and South Bend Municipal Code Section
2-76; 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 the Indiana Code 6-1.1-12 . 1-1, et seq. and South
Bend Municipal Code Section 2-76, 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. That the Common Council hereby determines and finds that
the estimate of the number of individuals that will be employed or whose
employment will be retained and the estimate of value of the redevelopment
or rehabilitation and any other benefits about which the body designating
the economic revitalization area requires information are benefits that
can be reasonably expected to result from the proposed described
redevelopment or rehabilitation.
SECTION II . That the Common Council hereby determines and finds the
following:
(A) If the proposed redevelopment or rehabilitation does not occur,
the approximate current year tax rate for the City would be 15.0781.
(B) If the proposed redevelopment or rehabilitation does occur and no
deduction is granted, the approximate current year tax rate for the
City would be 15.0740.
(C) If the proposed redevelopment or rehabilitation occurs, the
deduction is granted, and a deduction percentage of fifty percent
( 50%) is assumed, the approximate current year tax rate for the City
would be 15.0761.
SECTION III . That 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 1 through 3 of the Petition for Real Property Tax
Abatement Consideration and that the statement of benefits is sufficient
to justify the deduction granted under Section 6-1.1-12. 1-3 of the Indiana
Code.
SECTION IV. That 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. That 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 . That the Common Council hereby determines that the
property owner is qualified for and is granted property tax deduction for
a period of 10 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.
404 -014 41/,4 A
%mber 0 the .o on Cou;.i
red In Clerk's Office
OCT 71987
PRESENTED /0 - / °� - $ 2 I go h GAMM
NOT APPROVED 'T CLERK, S®, Brr3
ADOPTED