HomeMy WebLinkAboutDesignating Tax Abatement - 7055 Cleveland Road - Patterson Logistics Services, Inc. 5 Year Personal PropertyRESOLUTION
4013-10
Passed by the Common Council of the City of South Bend, Indiana
February 8, 2d 10
Attest:
City Clerk
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
February 9,
2010
Approved and signed by me February 10 , 2010
City Clerk
RESOLUTION NO. ~-~~ 3 ~~.~
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN
THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
7055 CLEVELAND ROAD
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
PATTERSON LOGISTICS SERVICES, INC.
WHEREAS, a petition for personal property tax abatement consideration has been
filed with the City Clerk for consideration by the Common Council of the City of South
Bend, Indiana, requesting that the area commonly known as 7055 Cleveland Road, South
Bend, Indiana, and which is more particularly described as:
Lot numbered Two (2) as shown on the recorded plat of Kidder's Olive Road
Minor Subdivision, recorded April 17, 1998 as Document Number 9818752 in the Office
of the Recorder of St. Joseph County, Indiana.
and which has Key Number 71-03-19-300-003-000-009 or 025-1011-018601, be
designated as an Economic Revitalization Area under the provisions of Indiana Code 6-
1.1-12.1 et sec ., and South Bend Municipal Code Sections 2-76 et sec ., and;
WHEREAS, the Department of Community and Economic Development has
concluded an investigation and prepared a report with information sufficient for the
Common Council to determine that the area qualifies as an Economic Revitalization Area
under Indiana Code 6-1.1-12.1, et sue., and South Bend Municipal Code Sections 2-76, et
seg., and has further prepared maps and plats showing the boundaries and such other
information regarding the area in question as required bylaw; and
WHEREAS, the Community and Economic Development Committee of the
Common Council has reviewed said report and recommended to the Common Council
that the area qualifies as an Economic Revitalization 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 determines and finds pursuant to Indiana
Code 6-1.1-12.1-4.5 et sec ., that:
a. the estimate of the cost of the new manufacturing equipment is reasonable
for equipment of that type;
b. That the estimate of the number of individuals that will be employed or
whose employment will be retained by the Petitioner can reasonably be expected to result
from the proposed installation of new manufacturing equipment;
c. That the estimate of the annual salaries of those individuals that will be
employed or whose employment will be retained by the Petitioner can be reasonably
expected to result from the proposed installation of new manufacturing equipment;
d. any other benefits about which information was requested are benefits that
can be reasonably expected to result from the proposed new manufacturing equipment;
and
e. the totality of benefits is sufficient to justify the deduction requested.
SECTION II. The Common Council hereby determines and finds that the proposed new
manufacturing equipment can be reasonably expected to yield the benefits identified in
the Statement of Benefits as set forth in Sections 1 through 3 of the Petition for Personal
Property Tax Abatement Consideration and that Statement of Benefits form completed by
the petitioner, said form being prescribed by the State Board of Accounts, are sufficient
to justify the deduction granted under Indiana Code 6-1.1-12.1-4.5.
SECTION III. The Common Council hereby accepts the report and recommendation of
the Department of Community and Economic Development, and the Community and
Economic Development Committee's favorable recommendation, that the area herein
described be designated as an Economic Revitalization Area for purposes of personal
property tax abatement and hereby makes such a designation.
SECTION IV. The Common Council determines that such designation is for personal
property tax abatement only and shall be limited to two (2) calendar years from the date
of the adoption of this Resolution by the Common Council.
SECTION V. The Common Council hereby determines that the property owner is
qualified for and is granted property tax deduction for a period of five (5) years; provided
however, the Petitioner may not receive an economic revitalization area deduction if it
receives an enterprise zone investment deduction under I.C. 6-1.1-45 for the same
property.
SECTION VI. The Common Council directs the City Clerk to cause notice of the
adoption of this Declaratory Resolution for Personal Property Tax Abatement to be
published pursuant to Indiana Code 5-3-1, said publication providing notice of the public
hearing before the Common Council on the proposed confirming of said declaration.
SECTION VII. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approval by the Mayor.
i
Me er of the Common Council
PRESENTED Z-~-~~
HOT APP~?OVED
ADOPTED ~ p ~ l0
Filed In Clerk'S O~~ice
FEB - 2 2010,
JOHPJ VOORDE
CITY CLERK, S0. DEFlD, IN.
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
10-06 A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA,
COMMONLY KNOWN AS 7055 CLEVELAND ROAD AN
ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
A FIVE (5) YEAR PERSONAL PROPERTY TAX
ABATEMENT FOR PATTERSON LOGISTICS SERVICES
INC.
Respectfully report that they have examined the matter and that in their opinion,
this bill is being recommended to the full Council with a favorable
recommendation.
Ann Puzzello
Chairperson, Committee of the Whole