Confirming Tax Abatement - South Bend Tribune Corp. 213 & 225 W. Colfax Ave. (5 Year Personal Property)

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WHEREAS, the Petitioner has proceeded in good faith to complete the project and has provided those benefits which served as the basis for the original grant of abatement by the City; and WHEREAS, Petitioner has just recently been made aware of the date of completion of the project, and not the date on the property is physically within the Economic Revitalization Area will determine the availability of tax abatement; and WHEREAS, Indiana Code § 6 -1.1- 12.1 -11.3 permits the Common Council to grant the relief requested by Petitioner; and WHEREAS, the Petitioner has requested an additional period of time to complete installation of the equipment. 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 and its Confirmatory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of property tax abatement. Such designation is for personal property tax abatement only and is limited to three (3) calendar years from the date of adoption of the Confirmatory Resolution by the Common Council, covering all new manufacturing equipment installed within the declared Economic Revitalization Area on or before April 28, 1995. SECTION R. The Common Council hereby waives compliance with the requirements of Indiana Code § 6 -1.1- 12.1 -1 et seq., as permitted by Indiana Code § 6 -1.1- 12.1 -11.3, to the extent necessary to give affect to this Resolution. Without limiting the general scope of this waiver, the Common Council hereby approves the amended Form SB -1 Statement of Benefits attached hereto as Exhibit A, and specifically waives the Petitioner's failure to submit said Statement of Benefits to the Common Council before the installation of new manufacturing equipment, in accordance with Indiana Code § 6 -1.1- 12.1- 11.3(a)(2). SECTION III. The Common Council hereby determines that the property owner is qualified for and is granted personal property tax deductions for a period of five (5) 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- 12.1 -1 et seq. SECTION IV. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. Member of the Common Council EIS 93074 -3- PRESENTED NOT APPROVED ADOPTED 7, �- 2 —q6 Filed in Clerk's Office MAY 2 8 1996 LORETTAd. DUDA MY OLEIK BO. BEND. IN.