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RREGULAR MEETING MAY 8, 1995 <br />SECTION II. The Common Council hereby determines and finds that the proposed <br />new manufacturing equipment can be reasonably expected to yield the benefits <br />identified in the State of Benefits as set forth in Section 1 through 3 of the <br />Petition for Personal Property Tax Abatement Consideration and that the Statement of <br />Benefits form completed by the Petitioner, said form being prescribed by the State <br />Board of Accounts, are sufficient to justify the deduction granted under Indiana Code <br />6 -1.1- 12.1 -4.5. <br />SECTION III. The Common Council hereby accepts the report and recommendation of <br />the Department of Economic Development, and the Human Resources and Economic <br />Development Committee's favorable recommendation, that the area herein described be <br />designated as Economic Revitalization Area for purposes of personal property tax <br />deduction for a period of five (5) years. <br />SECTION IV. The Common Council determines that such designation is for personal <br />property tax abatement only and shall be limited to two (2) calendar years from the <br />date of the adoption of this Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the property owner is <br />qualified for and is granted property tax deduction for a period of five (5) years. <br />SECTION VI. The Common Council directs the City Clerk to cause notice of the <br />adoption of this Declaratory Resolution to be published pursuant to Indiana Code 5 -3- <br />1, said publication providing notice of the public hearing before the Common Council <br />on said declaration. <br />SECTION VII. This resolution shall be in full force and effect from and after <br />its adoption by the Common Council and approval by the Mayor. <br />4:,1- Eugene Ladewski <br />ber of the Common Council <br />A public hearing was held on the resolution. Council Member Kelly reported that the <br />Community and Economic Development Committee had met on these bills and recommended <br />them to the Council favorable. David Weisman, attorney, made the presentation for <br />the bills. He indicated the petitioner planned to construct a new facility for <br />office, manufacturing and warehousing, as well as purchase new equipment for assembly <br />and marking of containers, a new printing press, bailer, two forklifts, and <br />miscellaneous other equipment. Council Member Zakrzewski made a motion to adopt <br />Resolution No. 2237 -95, seconded by Council Member Coleman. The resolution was <br />adopted by a roll call vote of eight ayes. Council Member Puzzello made a motion to <br />adopt Resolution No. 2238 -95, seconded by Council Member Kelly. The resolution was <br />adopted by a roll call vote of eight ayes. <br />RESOLUTION NO. 2239 -95 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND <br />DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND <br />COMMONLY KNOWN AS 445 NORTH SHERIDAN AVENUE, SOUTH BEND, <br />INDIANA, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A <br />FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR BOLIDEN <br />METECH, INC. <br />WHEREAS, a petition for personal property tax abatement consideration has been <br />filed with the Common Council of the City of South Bend, requesting that the area <br />commonly known as 445 N. Sheridan, South Bend, Indiana, and which is more <br />particularly described as follows: <br />A tract of land in the southwest 1/4 of Section 4, Township 37 North, Range 2 <br />East located in Portage Township, City of South Bend, St. Joseph County, <br />Indiana, described as follows: <br />Beginning at a point on the West line of Sheridan Avenue (80 foot right -of -way) <br />420.19 feet North (assumed bearing) of the of the North line of Linden Avenue <br />(80 foot right -of -way) which point is also 307 feet West and 460.19 feet North <br />of the southeast corner of said Southwest 1/4 of Section 4; thence Northerly <br />along said West line of Sheridan Avenue 673.22 feet to the Southerly right -of- <br />away line of the Consolidated Rail Corporation (formerly the New York Central <br />Railroad); then North 79 18' 30" West along said Southerly right -of -way line of <br />the Consolidated Rail Corporation 429.83 feet; then south 00 08' 15" West <br />749.04 feet to a point 418.30 feet North 00 03' 15" East of the North line of <br />Linden Avenue; thence East perpendicular to the West line of Sheridan Avenue <br />370.56 feet to the point of beginning, containing 6.268 acres, more or less. <br />and this property has Key Numbers 18 8006 0288, 18 8002 0115, 18 8006 0282, 18 8006 <br />028201, 18 8006 0285, 18 8006 028501, 18 8002 0116, be designated as an Economic <br />Revitalization Area under the provisions of Indiana Code 6 -1,1- 12.1 -1 et seg., and <br />South Bend Municipal Code Section 2 -76 et seg.; and <br />WHEREAS, the Department of Economic Development has concluded an investigation <br />and prepared a report with information sufficient for the Common Council to determine <br />that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1- <br />12.1-1, et sea., and South Bend Municipal Code Sections 2 -76 et seq. and has further <br />prepared maps and plats showing the boundaries and such other information regarding <br />the area in question as required by law; and <br />WHEREAS, the Human Resources and Economic Development Committee of the Common <br />