HomeMy WebLinkAbout4982-22 Confirming the Adoption of a Declaratory Resolution Steel Warehouse Tax Abatement RESOLUTION
No. 4982-22
Passed by the Common Council of the City of South Bend, Indiana
October 24, 20 22
Attest: /*e9?e /t City Clerk
Dawn M. Jones
Attest aot. fir 1/ - President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
October 25, 20 22
/(-) 72t- City Clerk
Dawn M. Jones
Approved and signed by me `/ c'L L 2 c 20 2 L
Mayor
BILL NO. 22-48
RESOLUTION NO. 4982-22
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS
2722 W. Tucker Drive, South Bend, IN 46619
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A FIVE (5) YEAR PERSONAL
PROPERTY TAX ABATEMENT FOR
Steel Warehouse Company 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
2722 W. Tucker Drive, South Bend, IN 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; 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 three (3) 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 below 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- 95%
Year 3- 90%
Year 4- 85%
Year 5- 80%
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.
(.31 , . ,
8,-,. "/ i if
Sharon L. Mc ride, Council President
South Bend Common Council
Attest:
d,,,,,,,, ?-k • 0),„„)
Dawn M. Jones, City Clerk
Office of the City Clerk
Presented by me, the undersigned Clerk of the City of SoAh Bend, to the Mayor
of the City of South Bend, Indiana on the 0 6- day of �Y1.t{
M .) ,
2021, at 2 o'clock e . m.
lote- 72/(_-, it
Dawn M. Jones, City Clerk
Office of the City Clerk
Approved and signed by me on the Z" day of °JAL,L, , 2021, at 5-
o'clock
-.m.
Jame ueller, Mayor
City of South Bend, Indiana