NOTICE Notice is hereby given that the Common Council of the City of Terre Haute, Indiana at a meeting thereof, held on the 8th day of September, 2016 adopted RESOLUTION NO. 14, 2016 AS AMENDED a resolution declaring an "Economic Revitalization Area" for the purpose of a ten (10) year real property tax abatement for an area commonly identified as 2420 5th Avenue, Terre Haute, Indiana, 1301 3rd Avenue, Terre Haute, Indiana, 1305 3rd Avenue, Terre Haute, Indiana, 1309 3rd Avenue, Terre Haute, Indiana, 2419 Buckeye Street, Terre Haute, Indiana, 2430 2nd Avenue, Terre Haute, Indiana, 902 S. 9th Street, Terre Haute, Indiana, 924 S. 9th Street, Terre Haute, Indiana, 427 South 14th Street, Terre Haute, Indiana, 2136 Elm Street, Terre Haute, Indiana, 109 Gilbert Avenue, Terre Haute, Indiana, 117 Gilbert Avenue, Terre Haute, Indiana, 423 S. 17th Street, Terre Haute, Indiana, 2109 Locust Street, Terre Haute, Indiana, 1429 Elm Street, Terre Haute, Indiana, and 2131 Elm Street, Terre Haute, Indiana, for Low Income Housing Development Corporation of Terre Haute and the City of Terre Haute Department of Redevelopment, on behalf of Warren Village II, L.P. (a to be formed entity). AMENDED RESOLUTION NO. 14, 2016 A Resolution of the Common Council of the City of Terre Haute, Indiana, Designating an Area(s) Within the City Commonly Identified as 2420 5th Avenue, Terre Haute, Indiana; 1301 3rd Avenue, Terre Haute, Indiana; 1305 3rd Avenue, Terre Haute, Indiana; 1309 3rd Avenue, Terre Haute, Indiana; 2419 Buckeye Street, Terre Haute, Indiana; 2430 2nd Avenue, Terre Haute, Indiana 902 S. 9th Street, Terre Haute, Indiana; 924 S. 9th Street, Terre Haute, Indiana; 427 South 14th Street, Terre Haute, Indiana; 2136 Elm Street, Terre Haute, Indiana 109 Gilbert Avenue, Terre Haute, Indiana; 117 Gilbert Avenue, Terre Haute, Indiana; 423 S. 17th Street, Terre Haute, Indiana; 2109 Locust Street, Terre Haute, Indiana; 1429 Elm Street, Terre Haute, Indiana; and 2131 Elm Street, Terre Haute, Indiana as an Economic Revitalization Area(s) for the Purpose of Ten (10) Year Real Property Tax Abatement WHEREAS, a petition for ten (10) year real property tax abatement has been filed with the Common Council of the City of Terre Haute requesting that the real property described therein be designated as Economic Revitalization Area for purposes of real property tax abatement; and WHEREAS, Low Income Housing Development Corporation of Terre Haute and the City of Terre Haute Department of Redevelopment, on behalf of Warren Village II, L.P. (a to be formed entity), the "Petitioners," have submitted a Statement of Benefits and provided all information and documentation necessary for the Common Council to make an informed decision, said information including a description of the real property which more particularly described in Exhibit A, and commonly known as: 2420 5th Avenue, Terre Haute, Indiana 1301 3rd Avenue, Terre Haute, Indiana 1305 3rd Avenue, Terre Haute, Indiana 1309 3rd Avenue, Terre Haute, Indiana 2419 Buckeye Street, Terre Haute, Indiana 2430 2nd Avenue, Terre Haute, Indiana 902 S. 9th Street, Terre Haute, Indiana 924 S. 9th Street, Terre Haute, Indiana 427 South 14th Street, Terre Haute, Indiana 2136 Elm Street, Terre Haute, Indiana 109 Gilbert Avenue, Terre Haute, Indiana 117 Gilbert Avenue, Terre Haute, Indiana 423 S. 17th Street, Terre Haute, Indiana 2109 Locust Street, Terre Haute, Indiana 1429 Elm Street, Terre Haute, Indiana 2131 Elm Street, Terre Haute, Indiana WHEREAS, Petitioners have represented that the project itself will create the equivalent of one (1) full time job with an annual payroll of $25,000.00 as that the cost of the project will be $5,220,000.00 for real property improvements. WHEREAS, the Common Council of the City of Terre Haute is authorized under the provisions of I.C. 6-1.1-12.1-1 et. seq. to designate areas of the City as economic revitalization areas for the purpose of tax abatement; and WHEREAS, the Common Council of the City of Terre Haute has considered the petition and Statement of Benefits and has conducted a complete and proper investigation of the subject property and neighborhood to determine that the area qualifies as an economic revitalization area under Indiana statutes; and WHEREAS, the Common Council has found the subject property to be an area where facilities that are technologically, economically, or energy obsolete are located and where the obsolescence may lead to a decline in employment and tax revenues and has become undesirable for or impossible of normal development and occupancy because of a lack of development, cessation of growth, deterioration of improvements, character of occupancy, age, obsolescence, substandard buildings and other factors which prevent normal development or use; NOW, THEREFORE, IT IS FOUND, DETERMINED AND RESOLVED by the Common Council of the City of Terre Haute that: 1. The Petitioner's estimate of the value of the redevelopment and rehabilitation and the project to be constructed on the subject real property is reasonable for projects of that nature in order to maintain, expand, update and improve efficiency and capabilities for providing low and moderate income residences to the community. 2. The Petitioner's estimate of the number of individuals who will be employed and retained, and the benefit thereby, can reasonably be expected to result from the project and the redevelopment and rehabilitation. 3. The Petitioner's estimate of the annual salaries or wages of the individuals who will be employed and retained, and the benefit thereby, can reasonably be expected to result from the project and the redevelopment and rehabilitation. 4. That the other benefits about which information has been requested can be expected to result from the project and the redevelopment and rehabilitation. 5. The totality of the benefits of the proposed redevelopment and rehabilitation can reasonably be expected to result from the project and are sufficient to justify a ten year real property tax deduction from assessed valuation under Indiana statutes, and each such deduction should be, and they are hereby, allowed. 6. That the petition for designating the subject property as an economic revitalization area for the purposes of ten (10) year real property tax abatement and the Statement of Benefits copies of which were submitted with the petitions are hereby approved and the Real Estate described hereinabove is hereby designated as an Economic Revitalization Area pursuant to I.C. 6-1.1-12.1-1 et. seq., and Petitioners is entitled to the ten year real property tax abatement provided therein for the proposed redevelopment and rehabilitation. 7. That the project is a qualified for tax abatement as a residential project as defined by I.C. 6-1.1-12.1-3 (e) (11) (a). 8. That notice hereof should be published according to law stating the adoption and substance hereof, that a copy of the description of the affected area is available for inspection in the County Assessor's Office and stating a date on which the Council will hear and receive remonstrances and objections and take final action, all as required by law. Presented by: Karrum Nasser, Councilperson Passed in open Council this 8th day of September, 2016. Todd Nation, President Common Council of Terre Haute, Indiana ATTEST: Charles P. Hanley, City Clerk Presented by me to the Mayor this 9th day of September, 2016. Charles P. Hanley, City Clerk Approved by me this 9th day of September, 2016. Duke A. Bennett, Mayor City of Terre Haute, Indiana ATTEST: Charles P. Hanley, City Clerk EXHIBIT A Legal Description The following described real estate situated in Vigo County, Indiana, to wit: Parcel I: Lots 111 and 112 in Patrick's Subdivision, as shown by recorded plat thereof, recorded June 6, 1872, in Plat Record 2, Page 6, records of the Recorder's Office of Vigo County, Indiana. Parcel II: Lots 113 and 114 in Patrick's Subdivision, as shown by recorded plat thereof, recorded June 6, 1872, in Plat Record 2, Page 6, records of the Recorder's Office of Vigo County, Indiana. Parcel III: Lot 115 Patrick's Subdivision, as shown by the recorded Plat thereof recorded June 6, 1872, in Plat Record 2, Page 6, records of the Recorder's Office of Vi go County, Indiana. Parcel IV: Lots 116 and Lot 117 except 40' off the East side thereof, in Patrick's Subdivision, as shown by the recorded Plat recorded June 6, 1872, in Plat Record 2, Page 6, records of the Recorder's Office of Vigo County, Indiana. Parcel V: 40' East side of Lot 117, in Patrick's Subdivision, as shown by the recorded Plat thereof recorded June 6, 1872, in Plat Record 2, Page 6, records of the Recorder's Office of Vigo County, Indiana. Commonly known as 2420 5th Avenue, Terre Haute, Indiana 47803 AND 40 feet off the West side of Lot 11 in Block No. [2] in Tuell and Usher's subdivision of part of the Southeast Quarter of Section 15, Township 12 North, Range 9 West, in Terre Haute, Vigo County, Indiana. Commonly known as 1301 3rd Avenue, Terre Haute, Indiana 47807 AND 20 feet off the East side of Lot 11 and 20 feet off the West side of Lot 12, in Block No. 2 in Tuell and Usher's subdivision of part of the Southeast Quarter of Section 15, Township 12 North, Range 9 West, in Terre Haute, Vigo County, Indiana. Commonly known as 1305 3rd Avenue, Terre Haute, Indiana 47807 AND 40 feet off the East side of Lot 12, in Block No. 2 in Tuell and Usher's subdivision of part of the Southeast Quarter of section 15, Township 12 North, Range 9 West, in Terre Haute, Vigo County, Indiana. Commonly known as 1309 3rd Avenue, Terre Haute, Indiana 47807. AND Lots Numbered 430 and 431 in Maple Avenue Place, a Subdivision of the North half of the Northwest Quarter of Section 14, Township Twelve (12) North, Range Nine (9) West, and of Lots 225 and 226 in Glass Park, a subdivision of the Southwest Quarter of the Northwest Quarter of said Section 14, an addition to the City of Terre Haute, Vigo County, Indiana. Commonly known as 2419 Buckeye Street, Terre Haute, Indiana 47804. AND Lots 148 and 149 in Locust Street Subdivision of a part of the Southwest Quarter of Section 14, Township 12 North, Range 9 West, Vigo County, Indiana, as per recorded plat of the same Recorded in the Recorder's Office of Vigo County, Indiana in Plat Record 6A, Page 79. Commonly known as 2430 2nd Avenue, Terre Haute, Indiana 47807. AND Lot Number Forty Five (45) in the Administrator of Charles Cruft's Estate Subdivision of lot number Fourteen (14) and the South Half of Lot Number Twelve (12) in Raymond's Subdivision of the North West quarter of Section 27, Township 12 North, Range 9 West in the City of Terre Haute, Indiana, as shown by the plat recorded September 19, 1883 in Plat Record 3 page 133, records of the recorder's office of Vigo County, Indiana. Also Two (2) feet and Four (4) inches off the North side of Lot Number Forty-six (46) and the South Half of Lot Number Twelve (12) in Raymond's Subdivision of the Northwest quarter of Section 27, Township 12 North, Range 9 West in the City of Terre Haute, Indiana, as shown by the plat recorded September 19, 1883 in Plat Record 3 page 133, records of the recorder's office of Vigo County, Indiana. Commonly known as 902 S. 9th Street, Terre Haute, Indiana 47807. AND Lot Number Forty Nine (49) in the Subdivision of Lot 14 in the South Half (S 1/2) of Lot Number 12 in Raymond's Subdivision of the Northwest Quarter (NW 1/4) of Section 27, Township 12 North, Range 9 West. Commonly known as 924 S. 9th Street, Terre Haute, Indiana 47807. AND Lot Seven (7) in the William Paddock's Subdivision of 175 feet off the East side of Lot One (1) of Nathaniel Preston's Subdivision of the West Half of the Northeast Quarter (NE 1/4) of Section 27, Township 12 North, Range 9 West. Commonly known as 427 South 14th Street, Terre Haute, Indiana 47807. AND Lot Numbers thirty four (34) and thirty five (35) and thirty six (36) feet off of the West side of Lot No. Thirty three (33) in Peoples Addition to the City of Terre Haute, Indiana, as per recorded plat of the same recorded in Plat Record 2 page 1 of the Recorder's Office of Vigo County, Indiana. Commonly known as 2136 Elm Street, Terre Haute, Indiana 47807. AND Lot number 10 in the Subdivision of a Lot of land in the 2nd survey of Gilbert Place, lying between 14th and 15th Street and between Ohio and Orchard Streets as the same appears upon the recorded plat thereof, recorded in plat record 2, page 74, records of the Recorder's office of Vigo County, Indiana. Commonly known as 109 Gilbert Avenue, Terre Haute, Indiana 47807. AND Lot Number Eleven (11) and eight (8) feet off the North side of Lot Number Twelve (12) of the subdivision of a lot of land in Gilbert Place, in the City of Terre Haute Indiana, bounded on the West by Fourteenth Street, on the South by Ohio Street, on the East by Fifteenth Street, now Gilbert Avenue, and on the North by Orchard Street. Commonly known as 117 Gilbert Avenue, Terre Haute, Indiana 47807. AND Lot Number 28 in James N. Shepherd's Subdivision of Lot 2 in Nathaniel Preston's Subdivision of the East half of the Northeast Quarter of Section 27, Township 12 North, Range 9 West. Commonly known as 423 S. 17th Street, Terre Haute, Indiana 47807. AND Lot number Twenty Five (25) in Peoples addition to Terre Haute, as per recorded plat of the same, in Plat Record 2, Page 1 in the office of the recorder of Vigo County Indiana. Commonly known as 2109 Locust Street, Terre Haute, Indiana 47807. AND Lot 27 in T.B. Johns Subdivision of Lot No. 16 in Chases Subdivision of 100 acres off the North end of the North East Quarter of Section 22, Township 12 North, Range 9 West. Commonly known as 1439 Elm Street, Terre Haute, Indiana 47807. AND Lots 92 and 93 in People's Addition to Terre Haute as shown by the plat thereof recorded in Plat Record 2, Page 1, of the records in the Record's Office of Vigo County, Indiana. Commonly known as 2131 Elm Street, Terre Haute, Indiana 47807. Notice is hereby given that on the 6th day of October, 2016 and the 13th day of October, 2016; both meetings at 6:00 o'clock P.M. at the City Hall Court Room, said Common Council will meet for the purpose of hearing and considering any remonstrances filed or presented by persons interested in or affected by said RESOLUTION NO. 14, 2016 AS AMENDED and taking final action with respect to RESOLUTION NO. 14, 2016 AS AMENDED determining whether the qualifications for an economic revitalization area have been met, and confirming, modifying and confirming, or rescinding the resolution. Charles P. Hanley, City Clerk 171951 TS 9/20/16 hspaxlp
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