HomeMy WebLinkAbout4740-18 Modifying and reconfirming resolution for Imagineering Enterprises RESOLUTION
No. 4740-18
Passed by the Common Council of the City of South Bend, Indiana
September 10, 2018
Attest: City Clerk
Kareemah N. Fowler
Attest President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
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City Clerk
Kareemah N. Fowler
Approved and signed by me °41 em �O� 20 1 .
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STATE OF INDIANA, COUNTY OF ST. JOSEPH, ss:
I, Kareemah Fowler, Clerk of the City of South Bend, County of St.Joseph, Indiana, hereby
certify that the attached and foregoing is a full,true, and correct copy of
RESOLUTION 4740-18
A RESOLUTION MODIFYING AND RECONFIRMING THE ADOPTION OF
DECLARATORY RESOLUTION NO. 4596-16 DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3722
FOUNDATION CT, SOUTH BEND, IN 46628 AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX
ABATEMENT FOR IMAGINEERING ENTERPRISES, INC.
ADOPTED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA, SEPTEMBER 10, 2018
PRESENTED TO, APPROVED AND SIGNED BY MAYOR PETE BUTTIGIEG,
SEPTEMBER 12,2018
ATTEST: TIM SCOTT, PRESIDENT OF THE COMMON COUNCIL
ATTEST: KAREEMAH N. FOWLER, CITY CLERK
the original of which is now on file in the office of the Clerk of the City of South Bend, St. Joseph
County, Indiana.
IN WITNESS WHEREOF, I have hereunto aet my hand and affixed the official SeakQf the City
of South Bend, St. Joseph County, Indiana, this day of i L-ec 20
Kareemah Fowler
Clerk of the City of South Bend
St. Joseph County, Indiana
By:
Laffid"It Deputy
BILL NO. 18-47
RESOLUTION NO. 4740-18
A RESOLUTION MODIFYING AND RECONFIRMING THE ADOPTION OF
DECLARATORY RESOLUTION NO. 4596-16 DESIGNATING CERTAIN
AREAS WITHIN
THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3722 Foundation Ct, South Bend, IN 46628
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
Imagineering Enterprises, Inc.
WHEREAS, the Common Council of the City of South Bend has adopted Declaratory
Resolutions designating certain areas within the City as Economic Revitalization Areas for the
purpose of tax abatement consideration.
WHEREAS, Declaratory Resolution No. 4596-16 designated the area located at 3722
Foundation Ct., South Bend, IN 46601 and certain business personal property therein, as more
specifically set forth in Declaratory Resolution No. 4596-16, which has Key Numbers to be
assigned, as an Economic Revitalization Area under the provisions of Indiana Code 6-1.1-12.1 et
and South Bend Municipal Code Sections 2-76 et seq.; and
WHEREAS, upon proper notice, a public hearing was held, after which the Common
Council issued a Confirming Resolution No. 4597-16 confirming the adoption of a Declaratory
Resolution No. 4596-16 on September 28, 2016; and
WHEREAS, the Petitioner was granted a two-year designation period in the Confirming
Resolution No. 4597-16, which will expire on September 13, 2018; however, the project will not
be completed until September 2019.
WHEREAS, the Petitioner has requested an additional one year to complete the project.
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 that the extension of the
designation is appropriate and meets the requirements of Indiana Code § 6-1.1-12.1 et seq.
SECTION I1. The Common Council hereby reconfirms its Declaratory Resolution No. 4596-16
and its Confirming Resolution No. 4597-16 designating the area described herein as an Economic
Revitalization Area for the purpose of a personal property tax abatement. Such designation is
limited to three (3) calendar years from the date of adoption of the Declaratory Resolution No.
4596-16 by the Common Council.
SECTION III. 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 as shown below and further
determines that the petition, the Statement of Benefits and the Memorandum of Agreement
between the Petitioner and the City of South Bend comply with Chapter 2, Article 6, of the
Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et seq.
Year 1 — 100%
Year 2—80%
Year 3 —60%
Year 4—40%
Year 5 —20%
SECTION IV. This Resolution shall be in full force and effect from and after its adoption by the
Common Council and approval by the Mayor.
Tim Scott, Council President
South Bend Common Council
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