Reconfirming Tax Abatement - DSM Holdings, LLC 6661 Lonewolf Ct. (10 Year Real Property)

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WHEREAS, the Petitioner has requested an additional period of time to complete construction of the planned project. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Petitioner acknowledges that due to unforeseen problems that have occurred onsite and within the new building, it exceeded the two year designation period granted in the Confirmatory Resolution. Among the delays incurred by the petitioner: A. Custom made roofing material that did not properly form to the curve of the roof. New methods had to be developed and tested to deal with the difficulties of the installation. A solution was eventually found and the roof won the 2002 Excellence in Construction Award from the Michiana Builders Association. B. Custom material for the east canopy of the building were delivered to the job site with unacceptable manufacturing flaws. Specific design issues were identified as the problem and the manufacturer had to reproduce the entire order. C. Several equipment losses and related problems have occurred during the construction process resulting in various construction delays. The Common Council hereby finds that the extension of the designation is appropriate in light of the aforementioned delays incurred by the petitioner. SECTION II. The Common Council hereby reconfirms its Declaratory Resolution and its Confirmatory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. The Common Council pursuant to Section 2 -84 of the South Bend Municipal Code finds that such designation is for Real property tax abatement only and is limited to three and one half (3' /z) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION III. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of ten (10) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et sea. SECTION IV. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. PRESENTED , ^ Ll --'03 NOT APPROVED ADOPTED �--l'L'03 Member of the Common Council Filed in Cleric's Office MAY 0 7 2003 LORETTAJ. DUDA a. CITY CLERK, 80. BEND, IN.