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RESOLUTION NO. <br />A RESOLUTION WAIVING THE REQUIRED FILING DATE OF MAY 10, 2013 <br />AND ACCEPTANCE OF THE DEDUCTION APPLICATION OF THE LATE <br />FILING OF DEDUCTION APPLICATION FOR THE NEW MANUFACTURING <br />EQUIPMENT LOCATED IN AN ECONOMIC REVITALIZATION AREA FILED <br />UNDER RESOLUTION 4198 -12 FOR THE TIRE RACK LOCATED AT 7101 <br />VORDEN PARKWAY <br />Whereas, The State of Indiana, County of St. Joseph, Adopted by the Common Council <br />of the City of South Bend, Indiana commonly known as 7101 Vorden Parkway, South <br />Bend, Indiana had adopted RESOLUTION 4198 -12, pursuant to Indiana Code 6 -1.1- <br />12.1 to be an economic revitalization area for purposes of a five (5) year real tax <br />abatement for the Tire Rack. <br />Whereas, Resolution 4198 -12 was presented and adopted by the Common Council on <br />August 13, 2012. <br />Whereas, Mr. Joseph lams states that the Application for Deduction fi•om Assessed <br />Valuation for New Manufacturing Equipment in Economic Revitalization area ( Form <br />322) was not filed by the Company by the due date. <br />Whereas, the Auditor's Office states that it has never received the required Form 322. <br />Whereas, the tax bill which was to have been abated results in a tax being due of <br />$95,333.24. With the abatement, the tax bill would be $5,583.03. <br />Now, therefore be it resolved by the Common Council of the City of South Bend, Indiana <br />as follows: <br />SECTION 1. The petitioner has presented testimonial evidence of the following facts in <br />support of this resolution: <br />A.The petitioner states that they were unaware that the Form 322 needed to be filed with <br />the Auditors Office. <br />B. The stated property cannot afford this large tax bill at the present time. <br />C. The Tire Rack has met the project cost goal stated in their original petition for a tax <br />abatement. The initial cost of the project was estimated to be $4,700,000 and the actual <br />cost was $5,459,792. Thirty new positions have been created with a payroll of <br />$1,755,220. The new payroll goal was $1,600,000. <br />E. The project is an outstanding asset to this community <br />