Waiving the required Filing Date of the Late Filing of Deduction Application for O-T-D Corporation 3722 Foundation Court

Home Browse Search

RESOLUTION NO. 3S q �-o S- A RESOLUTION WAIVING THE REQUIRED FILING DATE OF MAY 15, 2002 AND ACCEPTANCE OF THE DEDUCTION APPLICATION OF THE LATE FILING OF DEDUCTION APPLICATION FOR THE NEW MANUFACTURING EQUIPMENT LOCATED IN AN ECONOMIC REVITALIZATION AREA FILED UNDER RESOLUTION 2621 -98 FOR O -T -D CORPORATION LOCATED AT 3722 FOUNDATION COURT Whereas, The State of Indiana, County of St. Joseph, Adopted by the Common Council of the City of South Bend, Indiana commonly known as 3722 Foundation Court, South Bend, Indiana had adopted RESOLUTION 2621 -98, pursuant to Indiana Code 6-1.1 - 12.Ito be an economic revitalization area for purposes of five (5) year personal tax abatement for O -T -D Corporation. Whereas, Resolution 2621 -98 was presented and adopted by the Common Council May 11, 1998. Mr. William Guinn as petitioner representative was in attendance. Whereas, the Application for Deduction from Assessed Valuation for New Manufacturing Equipment in Economic Revitalization area was prepared and mailed on May 29, 2002 and filed by the city clerk's office on June 3, 2002. Whereas, the Petitioner has presented substantial evidence to the Common Council that exigent circumstances existed to prepare the Application for Deduction from Assessed Valuation for New Manufacturing Equipment in Economic Revitalization Area Now, therefore be it resolved by the Common Council of the City of South Bend, Indiana as follows: SECTION 1. The petitioner has presented testimonial evidence of the following facts in support of this resolution: A. The deduction application was received by the Clerks Office on June 3, 2002, having been due on May 15th, 2002, was late due to unusual circumstances and under Indiana code 6 -1.1- 12.1 -4.8 be accepted. B. In 2001, O -T -D Corporation purchased a new accounting and manufacturing software program. C. O -T -D Corporation had lost key personnel in accounting and other levels due to downsizing, including but not limited to the Chief Operation Officer, Mr. William Guinn. D. Mr. Don Ureel, Chief Financial Officer, having suffered a stroke December 1999 had retained asset documentation in the Hinsdale, IL office.