HomeMy WebLinkAboutDesignating Tax Abatement - Clark Equipment Corp. 2301-2303 Bendix Dr. (5 Year Real Property) RESOLUTION
NO. 1199-84
Passed by the Common Council of the City of South Bend, Indiana,
September 10 , 19 84 .
Attest: 4-' °' K• /r—'-1-"I'^"J City Clerk
Attest: . / , I L, — President of Common Council.
/
Presented by me to the Mayor of the City of South Bend, Indiana
September 11, 1984 .
° r . /fo-- �/ City Clerk
Approved and signed by me )4D/01h1777JAC/7 , /1, 19 ri
, if C ;'—�/i t1 - Mayor
RESOLUTION NO. ‘ Ok(k -g '1
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF
SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE
CITY COMMONLY KNOWN AS 2301-2303 Bendix Drive
AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF REAL PROPERTY TAX ABATEMENT.
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 area commonly known as 2301-2303 Bendix Drive
South Bend, Indiana, and which is more particularly described by a
line drawn as follows :
LEGAL DESCRIPTION
A part of the South east Quarter of Section 28, Township 38
North, Range 2 East, German Township, St . Joseph County, Indiana
described as follows :
Commencing at the southeast corner of said Section; thence North
90 degrees 00 minutes 00 seconds West 470 feet along the south
line of said section; thence North 0 degrees 00 minutes 00 seconds
West 40 feet to a point on the north boundary of Lathrop Street,
said point being the point of beginning of this description:
thence North 0 degrees 00 minutes 00 seconds West 749 . 36 feet ;
thence Southeasterly 540 .34 feet along an arc to the right having a
radius of 506.47 feet and subtended by a long chord having a
bearing of South 56 degrees 32 minutes 00 seconds East and a
length of 515. 09 feet to the West boundary of Bendix Drive; thence
South 0 degrees 02 minutes 06 seconds East 435. 34 feet along said
boundary; thence South 44 degrees 54 minutes 22 seconds West 42 .43
feet to the north boundary of Lathrop Street; thence North 90
degrees 00 minutes 00 seconds West 400 . 00 feet along said north
boundary to the point of beginning and containing 6.545 acres , more
or less .
The above described tract of land is subject to a perpetual ease-
ment 40 feet in width off the entire northeast side in favor of
Chicago South Shore and South Bend Railroad. Also, a perpetual
easement 10 feet in width lying adjacent to and south of the above
described 40 foot wide easement in favor of Indiana Bell Telephone
Company.
The bearing of the south line of the southeast quarter of Section
28 is assumed North 90 degrees 00 minutes 00 seconds West .
be designated as an Economic Revitalization Area under the provisions of
Indiana Code 6-1.1-12 .1-1, et seq. ; and
WHEREAS, the Redevelopment Commission has concluded an investi-
gation and prepared a report with information sufficient for the Common
Council to determine that the area qualifies as an Economic Revitaliza-
tion Area under Indiana Code 6-1. 1-12 .1-1, et seq. , and has further
prepared maps and plats showing the boundaries and such other information
as required by law of the area in question; 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 accepts the report and
recommendation of the Human Resources and Economic Development Commit-
tee that the area herein described be designated an Economic Revitali-
zation Area and hereby adopts a resolution designating this area as
an Economic Revitalization Area for purposes of real property tax abate-
ment.
SECTION II. That this designation shall be limited to five ( 5 )
calendar years from the date of the adoption of this resolution by the
Common Council.
SECTION III. That the Common Council directs the City Clerk to
cause notice of the adoption of this resolution to be published, said
publication providing notice of the public hearing before the Common
Council on said declaration.
SECTION IV. This Resolution shall be in full force and effect
from and after its adoption by the Common Council and approval by
the Mayor.
/7/
er • -r of t e C pin Council
,AILED IN MESS OFFICE
PRESENTEQ\ 9-/0 SEP 51984
NOT APPROVED
ADOPTED 9-/p -7/ Irene gammon
CITY CLtRh,oUu i; a),IND.
The
Holladay •
Corporation
404 S. Columbia, Suite 230 219-234-2073 South Bend, Indiana 46601
August 21, 1984
The South Bend Common Council
County-City Building
South Bend, IN 46601
Re: Application for Tax Abatement for
2301-2303 Bendix Drive
Dear Members of the Council:
By this letter, we respectfully submit application for 10 year
tax abatement on real estate to be purchased by this applicant
more commonly known as 2301-2303 Bendix Drive. This property
is located in the Airport Industrial Park which has been
declared a designated tax abatement impact area. The proposed
improvements to be constructed will consist of two structures with a
gross square footage of approximately 60, 000 square feet of
industrial office and warehousing space. The project is expected
to cost an estimated $1, 900, 000 with approximately $1, 700, 000
funded with Economic Development Bonds .
The anchor tenant for the project will be Clark Equipment
Corporation. As I 'm sure you are aware, Clark has recently announced
plans to move a great number of jobs into our City and the proposed
development is yet another step in this direction. Tax abate-
ment is a benefit which will accrual directly to the tenant
and will make continued moves such as this by Clark increasingly
more likely due to cost justification.
When completed and totally occupied, this project is expected to
generate 32 new permanent jobs representing a new annual payroll
of approximately $451, 000 . It will, of course in addition, create
a number of temporary jobs through the construction of the
buildings .
Should you desire further documentation or have any questions
concerning this application, please feel free to contact the
undersigned. Thank you for your careful consideration of this
application.
Sincerely,
Thomas C. Gibson, General Partner
South Bend Industrial Assoc i ate
ease reply to: KO. box 1331 , South Bend, Indiana 46624