Laserfiche WebLink
WHEREAS, the Company timely remitted payment of$61,392.57 to St. Joseph <br /> County Treasurer prior to the May 10, 2017 due date for Spring Taxes; and <br /> WHEREAS, the Indiana General Assembly enacted Ind. Code § 6-1.1-12.1-11.3 <br /> as the expression of this State's policy authorizing a local designating body to waive <br /> tax abatement noncompliance events such as the untimely or erroneous filing of an <br /> application form; and <br /> WHEREAS, the Company is requesting this Common Council to exercise its <br /> authority as the designated body to waive compliance by adopting a resolution pursuant <br /> to Ind. Code § 6-1.1-12.1-11.3 to enable the Company to receive the benefit of the <br /> approved tax abatement for 2016 ( Pay 2017). <br /> WHEREAS, the noncompliance event has been corrected, and, pursuant to IC 6- <br /> 1.1-12.1-11.3(c), a public hearing of the Common Council has been held on the subject of <br /> this Resolution. <br /> NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br /> South Bend, Indiana, as follows: <br /> SECTION I. The above recitals are incorporated herein by reference, and the <br /> Common Council finds that petitioner has specifically presented supporting testimonial <br /> evidence of the following facts in support of this resolution: <br /> A. The petitioner states that while the Company did file a Form CF-1/Real <br /> Property Form with the City of South Bend, the Company mistakenly and <br /> inadvertently failed to file a Form 322/RE with the Auditor's office before May <br /> 10, 2016. <br /> B. Upon receipt of the 2016 Tax Bill in April 2017, the Company filed with the <br /> County Auditor the Form 322/RE on or about May 9, 2017. <br /> C. The Company exceeded the project cost stated in the original petition for tax <br /> abatement. The initial cost of the project was estimated to be$4,885,376.00 and <br /> the actual cost was $5,634,953.90, which sum is made up of a land acquisition <br /> cost of$484,663.38 and construction costs of$5,150,300.52. The project has <br /> met the employment representation stated in the original petition for tax <br /> abatement from when the project began operating, until the present date. <br /> D. The project is a positive development to this community. The Company <br /> continues to improve the project and the Parcel through an addition to the <br /> project of a patio constructed entirely with funds of the Company. <br /> E. All other required documentation has been received from the Company by the <br /> required dates. <br /> 3 <br />