Designating the Airport Industrial Park, Phase I through V as a Tax Abatement Impact Area

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RESOLUTION NO. 1025-83 A RESOLUTION OF THE SOUTH BEND COMMON COUNCIL DECLARING ITS GENERAL ATTITUDES AND INTENTIONS RELATED TO THE GRANTING OF TAX ABATEMENT AND THE DESIGNATION OF PHASE I THROUGH PHASE V OF THE AIRPORT INDUSTRIAL PARK, A TAX ABATEMENT IMPACT AREA. WHEREAS , the South Bend Common Council has made a continuing review of locations with the City which may qualify as tax abatement impact areas; and WHEREAS, through this review, the Council has found that there are certain areas which are blighted and non-productive with regard to their contribution to this Community's tax base and employment opportunities; and WHEREAS, the Council has established procedures through ordinance which call for the review of tax abatement petitions for real and personal property abatement consideration on a case by case basis; and WHEREAS, the Council agrees to continue this program and its goals and objectives of considering projects which would contribute to the public utility or public benefit of the area; and WHEREAS, the Common Council of the City of South Bend finds that an additional area meets the criteria and qualifies as a tax abatement impact area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows : SECTION I . The Common Council hereby finds that all property in Phase I through Phase V, inclusive, of the Airport Industrial Park owned by the Industrial Foundation, Inc. of South Bend, Indiana, as of this date, legal descriptions of which are attached as Exhibit A and are incorporated fully herein, has experienced underutiliza- tion, cessation of growth, and a lack of employment growth and productivity with regard to its contribution to this Community 's tax base and employment opportunities. SECTION II . Phases I , II , III, IV, and V of the Airport Industrial Park of South Bend, Indiana, shall be designated as a tax abatement impact area, and shall be governed by the following conditions which are in addition to the present state and local laws : (1) Requests for tax abatement within this area will be restricted to business uses which would operate within Major Groups 20 through 39 , and Major Group 42 of the Standard Instrial Classification Manual published by the Statistical Policy Division of the Office of Management and Budget. A copy is attached as Exhibit B and is incorporated fully herein. (2) Designation of this area as a tax abatement impact area qualifying for tax abatement consideration, shall expire on December 31, 11985 .