HomeMy WebLinkAbout4692-18 South Bend Ethanol, LLC Confirming Tax Abatement RESOLUTION
No. 4692-18
Passed by the Common Council of the City of South Bend, Indiana
November 12, 20 18
Attest: to City Clerk
reemah N. o er
Attest President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
November 12, 20 18 .
City Clerk
Kar: :mah N. F• er
Approved and signed by me 1.\.w mbeir 20 I
United States of America
* **
111
RN
�•�.•� I Nov '21 201B
• T ' '-'-'-
LAU ►.TOR
ST JOSEPH. COUNTY
Certificate
STATE OF INDIANA, COUNTY OF ST. JOSEPH, ss:
I, Kareemah N. 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 4692-18
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3201 W CALVERT
STREET, SOUTH BEND, INDIANA 46613 AS AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE(5)YEAR PERSONAL
PROPERTY TAX ABATEMENT FOR SOUTH BEND ETHANOL, LLC
ADOPTED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA, NOVEMBER 12, 2018.
PRESENTED TO, APPROVED AND SIGNED BY MAYOR PETE BUTTIGIEG,
NOVEMBER 13, 2018.
ATTEST: TIM SCOTT, PRESIDENT OF THE COMMON COUNCIL
ATTEST: KAREEMAH N. FOWLER, CITY CLERK
----_ _ • .
r - -
i
"u: 12018
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 set my hand and affixed the official Seal of the City
of South Bend, St. Joseph County, Indiana, this �, day of WVevnl1 20 fU
Kareemah N. Fowler
Clerk of the City of South Bend
St. Joseph County, Indiana
By: itA14„eAtil /ie�,vi. i
Kareemah N. owler
BILL NO. 18-67
RESOLUTION NO. 4692-18
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS
3201 W Calvert Street, South Bend, Indiana 46613
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A FIVE (5) YEAR PERSONAL
PROPERTY TAX ABATEMENT FOR
South Bend Ethanol, LLC
WHEREAS, the Common Council of the City of South Bend, Indiana, has
adopted a Declaratory Resolution designating certain areas within the City as Economic
Revitalization Areas for the purpose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known as
3201 W Calvert Street, South Bend, Indiana 46613 and which is more particularly
described as follows:
Business Personal Property
and which has Key Numbers to be assigned, be designated as an Economic Revitalization
Area; and
WHEREAS, notice of the adoption of a Declaratory Resolution and the public
hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5;
and
WHEREAS, the Council held a public hearing for the purposes of hearing all
remonstrances and objections from interested persons; and
WHEREAS, the Council has determined that the qualifications for an economic
revitalization area have been met.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
South Bend, Indiana, as follows:
SECTION I. The Common Council hereby confirms its Declaratory Resolution
designating the area described herein as an Economic Revitalization Area for the
purposes of tax abatement. Such designation is for personal property tax abatement only
and is limited to two (2) calendar years from the date of adoption of the Declaratory
Resolution by the Common Council.
SECTION II. The Common Council hereby determines that the property owner is
qualified for and is granted personal property tax deduction for a period of five (5) years
as shown by the attachment pursuant to Indiana Code 6-1.1-12.1-17 and further
determines that the petition, the Memorandum of Agreement between the Petitioner and
the City of South Bend, and the Statement of Benefits 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- 90%
Year 3- 80%
Year 4- 70%
Year 5- 60%
SECTION III. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approved by the Mayor.
Tim Scott, Council President
South Bend Common Council
.ffS NT l t2 mol
kirkDOVT5t 1'I 61/,(/)