02-12-90 Council Meeting Minutes

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16 REGULAR MEETING RESOLUTIONS FEBRUARY 12, 1990 RESOLUTION NO. 1766 -90 RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA COMMONLY KNOWN AS 2629 Foundation Drive AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR TOTAL COMPOSITES, INC. WHEREAS, the Common Council of the City of South Bend, Indiana has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 2629 Foundation Drive which is more particularly described as follows: A parcel of real property in St. Joseph County, Indiana, being 316.80 feet North and South by 450.00 feet East and West, being a parcel of real property which is 211.27 feet West and 1,590.40 feet North of the Southeast corner of the Southwest Quarter of Section 28, Township 38 and Range 2 East. This property has Key No.: 25 -1010- 040012. as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an Economic Revitalization Area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for personal property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted personal property tax deduction for a period of five (5) years. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Thomas Zakrzewski Member of the Common Council A public hearing was held on the resolution at this time. Ernest Szarwark, Attorney Barnes & Thornburg, 100 North Michigan, South Bend, made the presentation on the bill. He indicated that the equipment which is proposed to be purchased will be utilized in the development and production of a complete facility for thermoset composite manufacturing, a process by which various resins and sheets of resin materials are molded to suit the needs of certain manufacturers. He stated that these products are used in the appliance and automobile industry and many other industries. Council Member Niezgodski made a motion to adopt this resolution, seconded by Council Member Duda. The resolution was adopted by a roll call vote of eight ayes RESOLUTION NO. 1767 -90 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2820 VIRIDIAN STREET, SOUTH BEND INDIANA,.TO BE AN ECONOMIC REVITALIZATION AREA FOR THE PURPOSES OF A THREE YEAR REAL PROPERTY TAX ABATEMENT FOR MACK TOOL & DIE, INC. WHEREAS, the Common Council of the City of South Bend, Indiana has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 2820 Viridian Street, South Bend, Indiana, and which is more particularly described as follows: The following described real estate located in St. Joseph County, in the State of Indiana: