HomeMy WebLinkAboutNo. 1743 approving an application for personal property tax deduction (Curtis Products, Inc., 702 and 722 S. Carroll St.)RESOLUTION NO. 1743
A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6- 1.1- 12.1 -2(1) provides that an application for
property tax deduction may not be approved when the property is located in
an allocation area as defined in I.C. 36- 7- 14 -39, unless the Redevelopment
Commission which designated that allocation area adopts a resolution
approving that application; and
WHEREAS, the South Bend Common Council has received a petition
for five (5) years of personal property tax abatement consideration from
Curtis Products, Inc. for personal property located at 702 and 722 South
Carroll Street in the South Bend Central Development Area, the legal
description of which is attached hereto, marked Exhibit "A" and incorporated
herein; and
WHEREAS, this Commission declared the South Bend Central
Development Area by Resolution No. 737, adopted May 10,1985, and in the
same resolution declared the South Bend Central Development Area,
Allocation Area No. 1 A; and
WHEREAS, the properties located at 702 and 722 South Carroll Street
is located within the South Bend Central Development Area, Allocation Area
No. 1 A;
NOW, THEREFORE, BE IT RESOLVED by the South Bend
Redevelopment Commission as follows:
1) The Commission finds that the application from Curtis Products,
Inc. for five (5) years of personal property tax abatement consideration for
properties located at 702 and 722 South Carroll Street in the South Bend
Central Development Area, Allocation Area No. 1 A, should be and is hereby
approved.
2) That a copy of this resolution be forwarded to the South Bend
Common Council to indicate the Commission's approval of the petition for
personal property tax abatement for Curtis Products, Inc.
Approved this 3rd day of March 2000 at the regularly scheduled
meeting of the South Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Robert W. Hunt, President
ATTEST:
IC Phil J. Fa e a, ecretary
vb:Res 1743
EXHIBIT A- PETITION FOR CONSIDERATION
CURTIS PRODUCTS, INC.
Lot A Monroe Sample Replat
Lot B Monroe Sample Replat
Lot G Monroe Sample Replat
Lot E Monroe Sample Replat
Lot F Monroe Sample Replat
L01
Attachment to Form SB -1, page 1, Section 2
Description of New Manufacturing Equipment
Curtis Products, Inc.
The Company is presently planning an expansion with the following new personal
property being purchased:
Electric Tube Bending for the Ford Bed Extender Project $250,000
Hautau C 30 Single -End Tube Finishing Machine 60.000
Total Cost $310,000
Attachment to Form SB -1, page 1, Section 5 Page: 1
Other Benefits
------------------- - - - - -- ---- - - - - -- - - -- WrIS PFDXVM for Curtis R. Heckman by Lease Agreement
1) The proposed new business will bring approx. $400,000 /annually in to the
local economy.
2) Jobs created will be available to any qualified minority laborer
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