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BILL NO. 22-08 <br />RESOLUTION NO. ______________ <br />A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN <br />THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3820 W <br />CALVERT, SOUTH BEND IN 46613 AN ECONOMIC REVITALIZATION AREA FOR <br />PURPOSES OF A (5) FIVE-YEAR PERSONAL PROPERTY TAX ABATEMENT FOR <br />GREENLEAF HOLDCO <br />WHEREAS, a petition for personal property tax abatement consideration has been filed <br />with the City Clerk for consideration by the Common Council of the City of South Bend, <br />Indiana, requesting that the area commonly known as 3820 W Calvert Street, South Bend IN <br />46613, and which is more particularly described as follows: <br />Business Personal Property <br />and which has Key Numbers to be assigned, be designated as an Economic Revitalization Area <br />under the provisions of Indiana Code 6-1.1-12.1 et seq., and South Bend Municipal Code <br />Sections 2-76 et seq., and; <br />WHEREAS, the Department of Community Investment has concluded an investigation <br />and prepared a report with information sufficient for the Common Council to determine that the <br />area qualifies as an Economic Revitalization Area under Indiana Code 6-1.1-12.1, et seq., and <br />South Bend Municipal Code Sections 2-76, et seq., and has further prepared maps and plats <br />showing the boundaries and such other information regarding the area in question as required by <br />law; and <br />WHEREAS, the Community Investment Committee of the Common Council has <br />reviewed said report and recommended to the Common Council that the area qualifies as an <br />Economic Revitalization Area. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <br />Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby determines and finds pursuant to Indiana Code 6- <br />1.1-12.1-4.5 et seq., that: <br />a. The estimate of the cost of the new logistical distribution equipment including but <br />not limited to conveyors, scanning and moving equipment, packaging equipment, <br />sorting and picking equipment is reasonable for equipment of that type; <br />b. That the estimate of the number of individuals that will be employed or whose <br />employment will be retained by the Petitioner can reasonably be expected to result <br />from the proposed installation of new logistical distribution equipment;