HomeMy WebLinkAboutBill 16-47 Confirming Appletree Associates AbatementRESOLUTION NO.
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS
1915 Bendix Drive, South Bend, IN 46628
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A TWO (2) YEAR VACANT BUILDING TAX
ABATEMENT FOR
Appletree Associates, LP
WHEREAS, the Common Council of the City of South Bend, Indiana, 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
1915 Bendix Drive, South Bend, IN 46628 and which is more particularly described as
follows:
295.33'X 661.97 BEG 40' W & 527.98'N SE COR NE SEC 33 -38 -2E 4.48 ACRES
and which has Key Numbers 025- 1006 - 030101 be designated as an Economic
Revitalization Area; and
WHEREAS, notice of the adoption of a Declaratory Resolution and the public
hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5;
and
WHEREAS, the Council held a public hearing for the purposes of hearing all
remonstrances and objections from interested persons; and
WHEREAS, the Council has determined that the qualifications for an economic
revitalization area have been met.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
South Bend, Indiana, as follows:
SECTION I. The Common Council hereby confirms its Declaratory Resolution
designating the area described herein as an Economic Revitalization Area for the
purposes of tax abatement. Such designation is for Real Property tax abatement only and
is limited to two (2) calendar years from the date of adoption of the Declaratory
Resolution by the Common Council.
SECTION II. The Common Council hereby determines that the property owner is
qualified for and is granted a real property tax deduction for a period of (2) two years as
shown by the attachment pursuant to Indiana Code 6 -1.1- 12.1 -17 and further determines
that the petition, the Memorandum of Agreement between the Petitioner and the City of
South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the
Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et seq.
SECTION III. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approved by the Mayor.
WSMED
MOT APPRO D
Member of the Common Council
Filet! in Clerk's Office
MAY C 4 2016
KAREEMAH FOWLER
CITY CLERK, SOUTH BEND, IN
227 W. JEFFERSON BOULEVARD
SUITE 1400 S.
SOUTH BEND, IN 46601 -1830
May 4, 2016
CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR
COMMUNITY INVESTMENT
Council Member Gavin Ferlic, Chairperson
Community Investment Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
RE: Vacant Building Tax Abatement Petition for:
Appletree Associates, LP
Dear Council Member Ferlic:
PHoNE: 574/235 -9371
FAX: 574/235 -9021
Please find the attached information pertaining to a vacant building tax abatement petition
for Appletree Associates, LP:
➢ Department of Community Investment's summary report
➢ Copy of the petition
➢ Statement of Benefits form
➢ Supporting information.
The report contains the Department's findings relative to the above petition. The project
meets the qualifications for a (2) two year vacant building tax abatement. A representative
from Appletree Associates, LP will be available to meet with the Committee on Monday,
May 9, 2016.
Should you or any of the other Council members have any questions concerning the report,
or need additional information, please feel free to call me at 235 -5823.
Sincerely,
Aaron Kobb
Director Economic Resources
Filed in Clerk's Office
MAY 0 4 2016
KAREEMAH FOWLER
CfTY CLERK, SOUTH BEND, IN
PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES
PAMELA C. MEYER BRIM PAWLOWSKI AARON KOBB
Filed in Clerk's Office
TAXABATEMENTREPOR MAY 0 4 7016
KAREEMAH FOWLER
LC17T1CLERK, SOUTH BEND, IN
TO: SOUTH BEND COMMON COUNCIL
FROM: AARON KOBB
SUBJECT: VACANT BUILDING PROPERTY TAX ABATEMENT PETITION FOR:
Appletree Associates, LP
DATE: May 4, 2016
On Wednesday, May 4, 2016, a substitute petition from Appletree Associates, LP was
received and subsequently filed with the City Clerk for vacant building property tax
abatement consideration for property to be located at 1915 Bendix Drive, South Bend, IN
46628. Pursuant to Chapter 2, Article 6, Section 2 -84.2 of the Municipal Code of the City
of South Bend, this petition was referred to the Department of Community Investment for
purposes of investigation and preparation of a report determining whether the area qualifies
as an Economic Revitalization Area pursuant to I.C.6 -1.1 -12.1 and whether all zoning
requirements have been met.
The Department of Community Investment has reviewed the petition (a copy of which is
attached), investigated the area, and makes the following report.
PROJECT SUMMARY
➢ This 64,500 sq. ft. facility includes production, warehouse, and office space on 4.45
acres adjacent to the South Bend Airport and has been vacant since 2007. Royal
Adhesive wishes to move into the facility in order to expand their current operations
and help revitalize the area.
➢ Private investment of approximately $182,000 towards building improvements and
$133,000 towards new machinery and equipment and other upgrades
➢ Total project taxes during two year abatement period — $62,932
➢ Estimated taxes being abated during two year abatement period — $39,188
➢ Total taxes to be paid during two year abatement period — $23,744
EMPLOYMENT IWACT
Per the petition, it is estimated that the total project will:
➢ Create three (3) permanent, full -time during the two year abatement period,
representing a new annual payroll of $121,805
PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMic RESOURCES
PAMELA C. MEYER BRIAN PAWLOWSKI AARON KOBB
ABATEMENT QUALIFICATION
A review of the tax abatements previously granted, finds that the petitioner has not
been granted or associated with any previous abatements.
2. The Building Commissioner has reviewed the petition and finds the property to be
properly zoned for the proposed project.
3. A review of the South Bend Redevelopment designation areas finds that the property
is located in the River West Development Area.
4. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner
meets the qualifications for a two (2) vacant building tax abatement under section
IC. 6 -1.1- 12.1 -4.8.
SUBSTITUTE PETITION
FILED MAY 04 2016
CITY CLERK KAREEMAH FOWLER
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11/23/2015
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Horne» Properties >> For Sale or Lease >> Industrial Properties » Bendix Dr 1915
1q:j-5 Bendlx Dr
South Bend, Indiana
Well Maintained, Clean High -Tech Manufacturing Facility
v
Property Snapshot
Building;
64,500 SF
Office SF:
31700 SF
Warehouse SF:
20,600 SF; 40,200 SF (Production)
Land:
4.49 Acres
Year Built:
1975 (Production & Office), 2002 (Warehouse)
Zoning:
LI (Light Industrial)
Parking:
137 Surface Spaces
OHDoors:
1 -10' x 12'
Docks/Levelers:
3 — 8'x 8'
Lighting: Fluorescent & Metal Halide
http:tlwww,cressyandeverett.com /properties/ for - sale- or- lea$eJihdustrlaIM915- bandix -dri 113
11/23/2015 1915 Bendix Dr;:
Newmark Grubb Cressy & Everett
Signage:
Building
Ceilings:
13.5' -18'
Power:
1200 Amp /480 Volt 3- Phase, 4 -Wire
Sprinklered,
Yes
Security:
Yes
Utilities:
Municipal Water & Sewer; Gas & Electric
HVAC:
Gas Forced Air Heat & A/C
Annual Taxes:
$38,538.88
Reduced Price:
$1,500,000
Rate:
$2.60 PSF NNN
$1.95 PSF NNN*
*In addition to base rent, tenantpays utilities, jan itoria /,trash and snow removal, lawn
services, insurance, realestate taxes, and phone%omputer /data.
Property Details
High -tech manufacturing facility consisting of 64,500 SF on 4.49 acres. The building is
steel frame structure with masonry covered block and metal siding. In 2002 the entire
facility was updated including all new mechanicals, new electric sei vice and a new roof
overthe production area. The building is divided into a warehouse, production and
office areas.
The warehouse offers 20,60.0 SF (116' x 162') with two (2) docks with electric openers
(one with leveler), 55' x 25' bay spacing, 13.5' to 18' ceiling height and metal halide
lighting. The warehouse is heated and cooled with two (2) gas forced air heat and two (2)
central air units.
The production area offers 40,200 SF (100' x 402') with one (1)10' x 12' overhead door,
one (1) 8' x 8' dock, 50' x 24' bay spacing, airlines, buss ducts, fluorescent lighting and
four (4) restrooms. The production area is heated and cooled with eight (8) gas forced air
heat and eight (8) central air conditioning units.
The 3,700 SF office area consists of classroom/training room, file storage areas, four (4)
private offices, a large open area, reception area, kitchenette, and men's and women's
restrooms.
For More Information Please Contact
hUp:llwww.cressyandeverett.com /properties/ for- saIL- or- lesselindus(rial /1915- bendix -dr/ 2/3
11/23/2015 1915 Bendix Dr Newmark Grubb Cressy & Everett
Tony Davey
SeniorBroker
574.485.1536
:LorI.Ydaye _ ReI-assyglydeyere t.eo111 -VRL: mtiihro7 tonvil rrvey�ticr- cssaarrcleucrell.cnni5
Rick Doolittle
Chief Operations Officer
574.485.1535
aickiioolii'lle a.are SyculdeverelL:com < UR. L:• innlltem— Le' hduc�l ill lc' cr.cr't'SSY +IIAGiL'V<1'LI %COt77>
Home I Contact Us I Site Map
4100 Edison Lakes Parkway, Suite 350 Mishawaka, Indiana 46545 - Phone:574,271.4060 • in 16 nderessyundvemuxom
http:// www ,cressyandeverett.com /propertl as /far -sal e- or- leasefiindustri al /1915- bendix -dr/ 313