02-27-95 Council Meeting Minutes

Home Browse Search

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 3636 Gagnon Road, South Bend, Indiana, and which is more particularly described as follows: A part of the northeast quarter of Section 28, Township 38 north, Range 2 East, City of South Bend, Indiana and described as follows: Commencing at the southeast corner of the northeast quarter of said Section 28 said point being at the intersection of the west (bearing assumed) along the south line of the northeast quarter of said Section 28 (being along the centerline of Boland Drive) 1150.09 feet to a point at the intersection of Boland Drive with centerline of Kenmore Street; thence north 00 00' 23" east along the said centerline of Kenmore Street, 579.86 feet; thence north 89 59'37" west, 640.00 feet to the point of the beginning; thence south 89 59' 56" west, 424.01 feet; thence north 00 02' 45" east, 784.81 feet; thence south 89 59' 37" east, 423.47 feet; thence south 00 00' 23" west, 784.63 feet to the point of the beginning and containing 17.634 acres more or less and is subject to easements, restrictions and or covenants of record. A part of the northeast quarter of Section 28, Township 38 north, range 2 east, City of South Bend, Indiana and described as follows: Commencing at the southeast corner of the northeast quarter of said Section 28 said point being at the intersection of the centerline of Boland and Bendix Drives, thence south 89 58' 56" west (bearing assumed) along the south line of the northeast quarter of said section 28 (being along the centerline of Boland Drive) 1150.09 feet to a point at the intersection of Boland Drive with Centerline of Kenmore Street; thence north 00 00' 23" east along the said centerline of Kenmore Street, 579.86 feet; thence north 89 59' 37" west 640 feet; thence south 89 58' 56" west 424.01 feet to the point of beginning; thence continuing south 89 58' 56" west, 100.00 feet; thence north 00 02' 45" east, 784.85 feet; thence south 89 59' 37" east, 100.00 thence north 00 02' 45" east, 784.25 feet thence south 89 59 37 east, 100.00 thence south 00 02' 45" west, 784.81 feet to the point of beginning and containing 1.802 acres more or less and it subject to restrictions and or covenants of record. and this property has Key Numbers 25 1010 - 038507, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1,1- 12.1 -1 et seq., and South Bend Municipal Code Section 2 -76 et seq.; and WHEREAS, the Department of Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1- 12.1-1, et seq., and South Bend Municipal Code Sections 2 -76 et seq. and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds pursuant to Indiana Code 6 -1.1- 12.1 -4.5, that: (a) the estimate of the cost of the new manufacturing equipment is reasonable for equipment of that type; (b) the estimate of the number of individuals that will be employed or whose employment will be retained by the Petitioner can be reasonably expected to result from the proposed installation of new manufacturing equipment; (c) the estimate of the annual salaries of those individuals who will be employed or whose employment will be retained can be reasonably expected to result from the proposed installation of new equipment; (d) any other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed installation of new manufacturing equipment; and (e) the totality of benefits is sufficient to justify the deduction requested. SECTION II. The Common Council hereby determines and finds that the proposed new manufacturing equipment can be reasonably expected to yield the benefits identified in the State of Benefits as set forth in Section 1 through 3 of the Petition for Personal Property Tax Abatement Consideration and that the Statement of Benefits form completed by the Petitioner, said form being prescribed by the State Board of Accounts, are sufficient to justify the deduction granted under Indiana Code 6 -1.1- 12.1 -4.5. SECTION III. The Common Council hereby accepts the report and recommendation of the Department of Economic Development, and the Human Resources and Economic Development Committee's favorable recommendation, that the area herein described be designated as Economic Revitalization Area for purposes of personal property tax