Laserfiche WebLink
(d) any other benefits about which information was requested are benefits <br />that can be reasonably expected to result from the proposed installation of <br />new manufacturing equipment; and <br />(e) the totality of benefits is sufficient to justify the deduction requested. <br />SECTION II. The Common Council hereby determines and finds that the proposed <br />new manufacturing equipment can be reasonably expected to yield the benefits <br />identified in the Statement of Benefits as set forth in Section 1 through 3 of the <br />Petition for Personal Property Tax Abatement Consideration and that the Statement <br />of Benefits Form completed by the Petitioner, said form being prescribed by the State <br />Board of Accounts, are sufficient to justify the deduction granted under Indiana <br />Code 6- 1.1- 12.1 -4.5. <br />SECTION III. The Common Council hereby accepts the report and recommendation <br />of the Department of Economic Development, and the Human Resources and <br />Economic Development Committee's favorable recommendation, that the area <br />herein described be designated as Economic Revitalization Area for purposes of <br />personal property tax abatement and hereby makes such a designation. <br />SECTION IV. The Common Council determines that such designation is for <br />personal property tax abatement only and shall be limited to two (2) calendar years <br />from the date of the adoption of this Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the property owner is <br />qualified for and is granted property tax deduction for a period of five (5) years. <br />SECTION VI. The Common Council directs the City Clerk to cause notice of the <br />adoption of this Declaratory Resolution to be published pursuant to Indiana Code 5- <br />3-1, said publication providing notice of the public hearing before the Common <br />Council on said declaration. <br />SECTION IX. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approval by the Mayor. <br />r <br />Member of the Cormnon Council <br />MINTED lv - 1�1 q` V 2 <br />NOT APPROVM <br />!ADOPTED Cn — ,2'u- / l <br />Filed in Clerk's Office <br />MAY 3 1 1991 <br />