04-11-94 Council Meeting Minutes

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Real Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of Indiana Code 6 -1.1- 12.1 -1 et seq., and qualifies under the relevant provisions of South Bend Municipal Code Sections 2 -76 et seq., for tax abatement. A. That the description of the proposed redevelopment or rehabilitation meets the applicable standards for such development. B. That the estimate of the value of the redevelopment or rehabilitation is reasonable for projects of this nature; C: That the estimate of the number of individuals who will be employed or whose employment will be retained by the Petitioner can reasonably be expected to result from the proposed described redevelopment or rehabilitation; E. 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 F. That the Totality of benefits is sufficient to justify the requested deduction, all of which satisfy the requirements of Indiana Code 6 -1.1- 12.1 -3. G. That the area is located in an Economic Development Target Area designated as such under Indiana Code 6 -1.1- 12.1 -7. SECTION III. The Common Council hereby determines and finds that the proposed described redevelopment or rehabilitation can be reasonably expected to yield benefits identified in the Statement of Benefits set forth as Sections I through II of the Petition for Real Property Tax Abatement Consideration and that the Statement of Benefits form prescribed by the State Board of Accounts are sufficient to justify the deduction granted under Indiana Code 6 -1.1- 12.1 -3. SECTION IV. 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. 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. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of ten (10) years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Ann Puzzello Member of the Common Council RESOLUTION NO. 211$ -94 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 4320 RALPH JONES COURT, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR DEARBORN CRANE AND ENGINEERING CO. WHEREAS, a petition for personal property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 4320 Ralph Jones Court, South Bend, Indiana, and which is more particularly described as follows: A parcel of land in the northeast quarter of Section 21, Township 38 North, Range 2 East, of German Township, St. Joseph County Indiana and described as follows: Commencing at the center of said Section 21; thence North 88 53'36" East, 450.58 feet; thence North 00 56157" West, 1660.16 feet to the Point of Beginning; thence continuing North 00 56157" West, 350.00 feet; thence North 88 53136" East, 877.01 feet; thence South 00 56157" East, 366.66 feet; thence South 88 53136" West, 394.20 feet Southwesterly along a curve to the right, 18.36 feet, having a radius of 60.00 feet, subtended by a chord, having a bearing of South 23 36'21" West, and a distance of 18.78 feet; thence Southwesterly along a curve to the left, having a radius of 60.00 feet, subtended by a chord, having a bearing of South 15 49'50" West, and a distance of 34.64 feet; thence South 89 09'21" West, 80.00 feet; thence Northwesterly along curve to the left, having a radius of 60.00 feet, subtended by a chord, having a bearing of North 17 43'37" West, and a distance of 34.64 feet thence Northwesterly along a curve to the right, having a radius of 60.00 feet, subtended by a chord, having a bearing of North 17 36118" West, and a distance of 34.88 feet; thence South 88 53136" West. 365.00 feet to the Point of Beginning and containing 7.3514 acres, more or less, and contains 2 lots numbered 20 and 11, and is subject to all rights -of -way, easements, restrictions and or covenants of record.