HomeMy WebLinkAboutConfirming Tax Abatement - Mack Tool & Engineering Inc. 2820 Viridian Dr. (5 Year Personal Property)Attes
RESOLUTION
3361 -04
Passed by the Common Council of the City of South Bend, Indiana
July 26,
04
20_.
Presented by me to the Mayor of the City of South Bend, Indiana
July 27, 20 04
Approved and signed by me Jul; 28
City Clerk
dent of Common Council
2004 .
City Clerk
0
RESOLUTION NO. 331+04
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS
2820 VIRIDIAN DRIVE
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
MACK TOOL & ENGINEERING, 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 declared an area commonly known as 2820
Viridian Drive, South Bend, Indiana, and which is more particularly described as follows:
A part of the Southeast Quarter of Section 28, Township 38 North, Range 2 East,
of the Second Principal Meridian, City of South Bend, St. Joseph County, Indiana and
described as follows:
Commencing at the Northeast corner of the Southeast Quarter of said Section 28, said
point being at the intersection of Bendix and Boland Drives; thence South 8958'56" West
(bearing assumed) along the Southerly right -of -way line of Boland Drive 1242.51 feet to
the Point of Beginning; thence South 0021'33" West, 293.00 feet; thence South 8958'56"
West, 260.00 feet; thence North 0021'33" East, 293.00 feet; thence North 8958'56" East,
260.00 feet to the Point of Beginning and containing 1.75 acres, more or less; and is
subject to all easements, restrictions and/or covenants of record.
and which has Key Number 25- 1010 - 040029 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,
and further determines that the petition, the Memorandum of Agreement between the
Petitioner and the City of South Bend and the Statement Of Benefits comply with
Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code
6- 1.1 -12 et se q.
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.
PRESENTED �'Zk°-oy
NOT APPROVED
ADOPTEO. o, ,2b ,O
Filed In CIONS OfftG
CITY CLERK, SO.
1200 COUNTY -CITY BUILDING
227 W. JEFFERSON BOULEVARD
SOUTH BEND, INDIANA 46601 -1830
July 6, 2004
PHONE 574 /235 -9371
FAx 574/235 -9021
TDD 574/ 235 -5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY & ECONOMIC DEVELOPMENT
SHARON T. KENDALL
EXECUTIVE DIRECTOR
Council Member Roland Kelly, Chairperson
Community & Economic Development Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
RE: Personal Property Tax Abatement Petition for:
Mack Tool & Engineering, Inc.
2820 Viridian Drive
Dear Council Member Kelly:
Please find attached the Department of Community & Economic Development's report on a personal
property tax abatement petition for the above referenced petitioner for new manufacturing equipment to be
located at 2820 Viridian Drive, South Bend, Indiana. Also attached is a copy of the petition, Statement of
Benefits form and supporting information.
The report contains the Department's findings relative to the above petition. The petitioner, Mack Tool &
Engineering, Inc., proposes to purchase manufacturing equipment to add additional production capacity.
The total cost is estimated to be $1,000,000. Mack Tool & Engineering meets the qualifications for a five
(5) year tax abatement. A representative of Mack Tool & Engineering will be available to meet with the
Committee on Monday, July 12, 2004.
Should you or any of the other Council members have questions concerning the report or need additional
information, please feel free to call me at 235 -5828.
Sincerely,
Terry J. O'Brien
Economic Development Specialist
Attachments
c: South Bend Common Council Members
Mayor Stephen Luecke
FilE--.— d in Clerk's office
6 2004
.MnnE
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT
574/235 -9660 574/235 -9371 ELIZABETH LEONARD
FAX: 574/235 -9697 574/235 -9371