Terminating Tax Abatement - Accuride International Inc. (10 Year Real Property)

Home Browse Search

RESOLUTION NO. 3� A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND TERMINATING THE TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR ACCURIDE INTERNATIONAL, INC. WHEREAS, the Common Council of the City of South Bend on October 26,1992 adopted Resolution No. 1980 -92 designating the real property commonly known as 4300 Quality Drive, South Bend, Indiana, 46628, as an economic revitalization area for purposes of a ten (10) year real property tax abatement, the full legal description of which real property is attached hereto and incorporated herein as Exhibit " 1 ", having key numbers 25 -1017 -0604; 25 -1017 -0602; and 25 -1017- 0602.01 ; and WHEREAS, the Common Council of the City of South Bend, on November 9, 1992 adopted Resolution No. 1983 -92 confirming the adoption of the declaratory resolution for this property; and WHEREAS, the Common Council believes that by the property owner's announced closing of its South Bend facility, Accuride International, Inc. has failed to comply with the wage and benefit levels it proposed in its petition for tax abatement and with other representations Accuride made to the Common Council; and WHEREAS, this Council has the power pursuant to I.C. 6- 1.1 -43 -3 to revoke a real property tax abatement in an economic revitalization area if a recipient fails to comply with the wage and benefit levels proposed or promised by the owner in its petition for tax abatement; and WHEREAS, the Common Council conducted a public hearing at its meeting on Monday, February 11, 2002, in order to determine whether the Petitioner has complied with its promised or proposed wage and benefit levels; and WHEREAS, the property owner was notified of this public hearing and of its opportunity to provide information to the Common Council as to whether the property owner has made reasonable efforts to substantially comply with its promised wage and benefit levels, and whether any failure to substantially comply was caused by factors beyond the control of the property owner. NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of South Bend, Indiana, as follows: Section I. The Common Council of the City of South Bend, Indiana, has conducted a public hearing for the purpose of determining whether Accuride International's real property tax abatement should be terminated and the property owner was duly notified of said public hearing. Section II. Accuride International has failed to comply with its promised wage and benefit levels and accordingly, the real property tax abatement heretofore granted to it is hereby revoked and terminated,as it affects taxes due 2002, payable in 2003; taxes due in 2003, payable in 2004; and taxes due in 2004, payable in 2005.