Confirming Tax Abatement - Midwest Embroidery Inc. 3431 William Richardson Dr. (5 Year Personal Property)

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RESOLUTION NO. 6�� JU- % A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR MIDWEST EMBROIDERY, INC. (DESIGNATING A NEW ADDRESS OF 3431 WILLIAM RICHARDSON DRIVE) WHEREAS, the Common Council of the City of South Bend, Indiana, adopted a Declaratory Resolution, No. 2103 -94, designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, the Common Council of the City of South Bend, Indiana, adopted a Confumatory Resolution, No. 2105 -94, confirming the designation that certain areas within the City be an Economic Revitalization Area for the purpose of tax abatement consideration; and WHEREAS, the Petitioner has now installed the equipment at 3431 William Richardson Drive (as opposed to the original address of 3600 McGill Street); and WHEREAS, the Common Council of the City of South Bend, Indiana, now wishes to amend the Declaratory and Confirmatory Resolutions, Nos 2103 -94 and 2105 -94 respectively, striking the address of 3600 McGill Street, wherever it appears, and replacing it with 3431 William Richardson Drive, and which is more particularly described as follows: Toll Road Industrial Park, Section 6, Lot 15 and which has Key Number 25- 1013 - 0212.02, to be an Economic Revitalization Area; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met in resolutions 2103 -94 and 2105 -94, and further determines that the petitioner has met all such qulifications for the new address. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby reconfirms and hereby ratifies its Declaratory and Confirmatory Resolutions, as amended, designating the area described as 3431 William Richardson Drive 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 substantially complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et sea. SECTION III. The Council further exercises its authority pursuant to Indiana Code 6-1.1-12.1 - 11.3(c) and waives certain compliance requirements with such waiver taking place after public hearing. The Council further finds that each of the additional findings required pursuant to Indiana Code 6 -1.2- 12.1 -4.5 have been met, and that Midwest Embroidery's property located at 3431 William Richardson Drive is declared an Economic Revitalization Area.