HomeMy WebLinkAbout6.B.(1) Resolution No. 2559RESOI,UIION NO. 2559
A RESOLUTION APPROVING AN APPLICA"PION FOR
REAI. PROPERTY TAX DEDUCTION
WI II;REAS,I.C. 6-l .1-12.1-2(I) provides that an application for property tax deduction may
not be approved when the property is located in an allocation area as defined in LC. 36-7-14-39,
unless the Redevelopment Commission which designated that allocation area adopts a resolution
approving that application; and
WHEREAS, the South Bend Common Council has received a petition for up to (5) iivc years
oCreal property tax abatement consideration from Royal IIoldings, lac. d.b.a. Royal Adhesives for
real property located at 2001 West Washington Street in the Wesl Washington-Chapin Development
Area, the development area location and legal description of which are attached hereto, marked
F,xhibit "A" and incorporated herein; and
WHEREAS, this Commission declared the West Washington-Chapin Development Area by
Resolution No. 818, adopted October 23, 1987, and iu the same resolution declared the Wcst
Washington-Chapin Development Area Allocation Area (South Bend Allocation Area No. 7) and
WI-II~REAS, the property located at 2001 Wcst Washington Street is located within West
Washington-Chapin Development Area Allocation Area;
NOW, TIIEREFORE, BL; I'I' RESOLVED by the South Bend Redevelopment Commission
as follows:
1) The Commission finds that the application from Royal Holdings, Inc. d.b.a. Royal
Adhesives for up to (~) tivc years ofrcal property tas abatement consideration for property located at
2001 West Washington Street in the West Washington-Chapin Development Area Allocation Arca
should be and is hereby approved.
2) That a copy of this resolution be forwarded to the South Bend Common Council to
indicate the Commission's approval of the petition ic~r real property tax abatement for Royal
IIoldings, Inc. d.b.a. Royal Adhesives .
Approved this 6th day of February; 2009.. at the regular meeting of the South I3cnd
Redevelopment Commission.
SOLD"1~1I BEND RI~,DEVEI,OPMENT COMMISSION
A"l~"LEST:
EXHIBIT A
LEGAL DESCRIPTION
DESCRIPTION:
PARCEL I: Lots Numbered Sixty-seven (67), Sixty-eight (68), Sixty-nine (69), Seventy (70),
Seventy-one (71), Seventy-two (72), Seventy-three (73) Seventy-four (74), Seventy-five (75),
Seventy-six (76) and Seventy-seven (77) as shown on the recorded Plat of Clement Studebaker's
Oak Grove Subdivision in the City of South Fiend, recorded in Plat Book 7, page 4 in the Office
of the Recorder of St. Joseph County, Indiana.
PARCEL Il: Lots Numbered One (1), Two (2), Three (3), Fow- (4) and Five (5) as shown on the
recorded Plat of I losinski's Subdivision of Lot Numbered 43 in College Grove Addition to the
City of South Bend, recorded April 6, 1920 in Plat Book 10, page 103 in the Office of the
Recorder of St .Ioseph County, Indiana.
PARCEL III: hots Numbered 'hwenty-eight (28), 'twenty-nine (28), Thirty (30), Thirty-one (3l ),
7~hirty-two (32), Thirty-three (33), inclusive and Lots Numbered Forty-four (44), forty-five (45),
I~ orty-six (46), Forty-seven (47) and Forty-eight (48) as shown on the recorded Plat of College
Grove and Addition to the "town, now City of South Bend and Lot `'A" as shown on the recorded
Plat of Clement Studebakcr's Oak Grove Subdivision in the City of South Bcnd, recorded in Plat
Book 7, page 4 in the Office of the Recorder of St Joseph County, Indiana.
PARCEL IV: The vacated Grant, Johnson and Brookfield Streets running from the North Line of
Washington Avenue and the South line of Orange Strcct; also the vacated Colfax Avenue
running li-om the West line of Jackson Street to the West line of Lot 48 in Collcgc Grove
Addition extended North; also the vacated alley lying Wcst and adjacent to Lots 1, 2, 3 and 5
Hosinski's Subdivision.
PARCEL V: An easement for ingress and egress in, upon and over the following described real
estate: Beginning at a point 4-1/2 feet West of the Northeast corner of Lot Thirty (30) in College
Grove Addition: thence North on a line parallel to the East line of Lot 30 a distance of 10.00 feet;
thence East on a line parallel with the North lines of Lots 29 and 30 a distance of 105.00 feet;
thence South on a line parallel to the Wcst lot line of Lot 29 a distance of 10.00 feet to a point on
the North line of Lot 29, said point being 37.00 feet East of the Northwest corner of Lot 29;
thence West on and along the North line of Lot 29, extended across vacated Johnson Street, and
the I~Iorth Line of Lot 30, a distance of 105.00 feet to the point of beginning.
TAX IDENTIFICATION NUMBER:
18-2003-003?
STREET ADDRESS:
2001 W. Washington Street
South Bcnd, Indiana 46628
2-Feb-09
Royal Holdings, Inc.
Public Benefit Points Summary
Q ualify Earned Available
Public B enefit Item: Y or N Points Points
Proiec[ Related:
1 A. Redevelop a Site that has Special Needs N 0 49
B. Develop Based on Local University Research N 0 35
C. Achieve a Physical Element of a Plan N 0 36
Sub-total Project Related: 0 120
2 Super Size Projects (point values are cumulative):
A. 100% to 199% N 0 25
B. 200% to 299% N 0 68
G 300% to 399°/ N 0 65
D. 400%, and Over N 0 52
Sub-total Super Size Projects: 0 210
3. Construction Related:
A Employ Local Companies N 0 20
B. Purchase Materials from Local Companies N 0 20
C. Require Employees vs. Independent Contracts N 0 19
D Require Target Wage Levels N 0 22
E Require Health Benefits N 0 22
F Require Pension Benefits N 0 18
G. Maintain Affrmative Action Plan N 0 20
Sub-total Construction Related: 0 141
4. Waue & Benefit Related:
A. Pay Target Wage Levels Y 33 33
B. Provide Health Benefits Y 34 34
C. Provide Pension Benefits Y 29 29
D. Provide Training Y 28 28
E. Provide Child Care N 0 15
F. Provide Transportation Assistance N 0 14
G. Provide Employer Assisted Housing program N 0 9
Sub-total Wage & Benefit Related: 124 162
5. Workforce Related:
A Create New Jobs Y 42 42
B. Retain Existing Jobs Y 41 41
C. Maintain Affirmative Action Plan N 0 35
D. Provide Targeted Hiring Preference N 0 34
Sub-total Workforce Related: 83 152
6. Pay for Municipal Infrastructure: (point values are cumul ative):
A. Pay for Oversizing or Upgrading N 0 14
B. Pay for 26-50% of Extension Cost N 0 26
C Pay for 51-75°ro of Extension Cost N 0 39
D. Pay for 76-100 % of Extension Cost N 0 52
Sub-total Infrastructure Related: 0 131
7. Support a Municipal Facility:
A. Support a Municipal Facility N 0 84
Total Public Benefit Points: 207 1000
` Qualification for each Public Benefit Item based on best available information at time of application or
good faith determination if no information available.
Royal Holdings, Inc.
Additional Years of Abatement
Multi-family Development Projects:
From To Additional Years
0 141 0
142 183 1
184 225 2
226 267 3
268 309 4
310 351 5
352 393 6
394 & over 7
Other Development Projects:
From To Additional Years
0 300 0
301 357 1
358 414 2
415 471 3
472 528 4
529 585 5
586 642 6
643 1000 7
Subtotal from Points Summary: 207
Base Years of Abatement
Additional Years of Abatement
Total Years of Abatement: 3
2-Feb-09
Royal Holdings, Inc.
Public Benefit Points Summary
Q ualify Earned Available
Public B enefit Item: Y or N Points Points
Project R elated:
1. A. Redevelop a Site that has Special Needs N 0 49
B- Develop Based on Local University Research N 0 35
C Achieve a Physical Element of a Plan N 0 36
Sub-total Project Related: 0 120
2 Super Size Projects (Point values are cumulative):
A. 100% to 199% N 0 25
B 200% (0 299% N 0 68
C. 300`/ to 399% N 0 65
D. 400% and Over N 0 52
Sub-total Super Size Projects: 0 210
3. Construction Related:
A. Employ Local Companies Y 20 20
B. Purchase Materials from Local Companies Y 20 20
C. Require Employees vs. Independent Contract Y 19 19
D. Require Target Wage Levels Y 22 22
E Require Health Benefits Y 22 22
F Require Pension Benefits Y 18 18
G Maintain Affrmative Action Plan Y 20 20
Sub-total Construction Related: 141 141
4. Wage & Benefit Related:
A. Pay Target Wage Levels Y 33 33
B Provide Health Benefds Y 34 34
C. Provide Pension Benefits Y 29 29
D. Provide Training Y 28 28
E. Provide Child Care N 0 15
F. Provide Transporta [ion Assistance N 0 14
G Provide Employer Assisted Housing program N 0 9
Sub-total Wage & Benefit Related: 124 162
5. Workforce Related:
A Create New Jobs Y 42 42
B. Retain Existing Jobs Y 41 41
C. Maintain Affirmative Action Plan N 0 35
D Provide Targeted Hiring Preference N 0 34
Sub-total Workforce Related: 83 152
6. Pav for Municipal Infrastructure: (point values are cumul ative):
A. Pay for Oversizing or Upgrading N 0 14
B. Pay for 26-50% of Extension Cost N 0 26
C. Pay for 51-75% of Extension Cost N 0 39
D. Pav for 76-100°'0 of Extension Cost N 0 52
Sub-total Infrastructure Related: 0 131
7 Support a Municipal Facility:
A. Support a Municipal Facility N 0 84
Total Public Benefit Points: 348 1000
' Qualification for each Public Benefit Item based on best available information a[ time of application or
good faith determinatlon If no information available.
Royal Holdings, Inc.
Additional Years of Abatement
Multi-family Development Projects:
From To Additional Years
0 141 0
142 183 1
184 225 2
226 267 3
268 309 4
310 351 5
352 393 6
394 & over 7
Other Development Proiects:
From To Additional Years
0 300 0
301 357 1
358 414 2
415 471 3
472 528 4
529 585 5
586 642 6
643 1000 7
Subtotal from Points Summary: 348
Base Years of Abatement
Additional Years of Abatement:
Total Years of Abatement: 4
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