HomeMy WebLinkAbout4765-19 SWGS Properties, LLC Designating Personal Property Tax Abatement REP/7141.910N
Passed by the Common Council of the City of South Bend, Indiana
January 28, 20 19
Attest: - � � � � City Clerk
Kareemah P . Fowler
Attest =—fta _ President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
January 28, 20 19.
City Clerk
K_reemah N. Fowler
Approved and signed by me I elh q 2019
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United States of America
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FILED
Certificate FEB2n 201C.
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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 4765-19
FEB 2 0 2019
A RESOLUTION OF THE COMMON COUNCIL OF THE C TY OF SOUTH' `
BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH ------i
BEND, INDIANA, COMMONLY KNOWN AS 2920 W SAMPLE STREET,
SOUTH BEND, INDIANA 46619 AN ECONOMIC REVITALIZATION AREA
FOR PURPOSES OF A (5) FIVE-YEAR PERSONAL PROPERTY TAX
ABATEMENT FOR SWGS PROPERTIES, LLC
ADOPTED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA,JANUARY 28, 2019.
PRESENTED TO,APPROVED AND SIGNED BY MAYOR PETE BUTTIGIEG,
FEBRUARY 4,2019.
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 set my hand and affixed the official Seal of the City
of South Bend, St. Joseph County, Indiana, this6 - day of 20 161
Kareemah N. Fowler
Clerk of the City of South Bend
St. Joseph County, Indiana
' f,24.-ze.-..e.4,L11 -- /-1„,-(.4A--
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Kareemah N. Fowler
BILL NO. 19-11
RESOLUTION NO. 4765-19
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
2920 W Sample Street, South Bend, Indiana 46619
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
(5) FIVE-YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
SWGS Properties, LLC
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 2920 W Sample Street,South Bend,Indiana 46619,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 under
the provisions of Indiana Code 6-1.1-12.1 et seq.,and South Bend Municipal Code Sections 2-76 et
seq., and;
WHEREAS,the Department of Community Investment 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 seq.,and South Bend
Municipal Code Sections 2-76, et seq., and has further prepared maps and plats showing the
boundaries and such other information regarding the area in question as required by law; and
WHEREAS,the Community Investment 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 seq., 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;
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 Investment, and the Community Investment 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(5) five years as shown below pursuant to Indiana
Code 6-1.1-12.1-17.
Year 1-100%
Year 2- 90%
Year 3- 80%
Year 4- 70%
Year 5- 60%
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 . •. - ' : us and after its adoption by the
Common Council and approval by the Mayor.
Tim Scott, Couw'resident
South Bend Common Council