Tax Abatement Waiving Noncompliance 7250 Vorden Pkwy Olive Cleveland Partners LLC

Home Browse Search

.�. RESOLUTION NO. 2 OUH A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA CONFIRMING THE GRANT OF CERTAIN REAL PROPERTY TAX ABATEMENT DEDUCTIONS AND WAIVING NONCOMPLIANCE FOR PROPERTY COMMONLY KNOWN AS 7250 VORDEN PARKWAY FOR OLIVE CLEVELAND PARTNERS, LLC WHEREAS, on July 12, 2010, the Common Council of the City of South Bend (the "Council") adopted Resolution No. 4036-10 (the "2010 Resolution"), approving a five (5) year real property tax abatement for the proposed construction of a new industrial design-built warehouse/distribution facility containing approximately 80,000 square feet (the "Building Project") to be constructed by Olive Cleveland Partners, LLC ("Taxpayer") within an area designated an economic revitalization area in the City of South Bend in accordance with IND. CODE § 6-1.1-12.1-1, et seq.; and WHEREAS, the Taxpayer described for the Council that the Building Project (also known as the Invacare Building)had multiple purposes and benefits, including that it would: (a) accommodate the relocation of Invacare Corp. and expansion of its facilities within South Bend, into a new building with new investment/construction costs of no less than $2,400,000; (b) facilitate Invacare Corp.'s consolidation of its Midwest regional distribution operations in South Bend; (c) result in Invacare Corp. retaining its business in South Bend, including its employee base of 23 employees with payroll over $670,000; and (d) be completed in the Spring of 2011, in order to relocate Invacare Corp. out of a facility at 7055 Cleveland Road (the "Cleveland Road Site") and to facilitate Patterson Logistics' remaining in South Bend and expanding into the Cleveland Road Site (which was desired by Patterson Logistics as part of its decision to locate its Midwest operations in South Bend); and WHEREAS, as contemplated as part of the Building Project, the Taxpayer (a) successfully completed its construction of a new 80,000 square foot warehouse/distribution facility at a cost in excess of$2,400,000, (b) was instrumental in relocating Invacare Corp. to the 1