HomeMy WebLinkAbout4964-22 Adoption of Declaratory Resolution No. 4833-19 Five-Year Tax Abatement for Toyo Seiko North America • United States of America
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NOV p 1 2022
Certificate
ST JOSEPH COUNTY
. -RECEIVES_
STATE OF INDIANA, COUNTY OF ST JOSEPH, ss:
NOV 0 1 2022
I, Dawn M. Jones, Clerk of the City of South Bend, County of St. Joseph, I Sdiae OR NTY
certify that the attached and foregoing is a full, true, and correct copy of . • ,
RESOLUTION 4964-22
A RESOLUTION MODIFYING AND RECONFIRMING THE ADOPTION
OF DECLARATORY RESOLUTION NO. 4833-19 DESIGNATING
CERTAIN AREAS WITHIN
THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3585 Moreau Ct, South Bend, IN 46628
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
Toyo Seiko North America, Inc.
ADOPTED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA,JUNE 27, 2022
PRESENTED TO, APPROVED AND SIGNED BY MAYOR JAMES MUELLER,
JUNE 27, 2022
ATTEST: SHARON L. MCBRIDE, PRESIDENT OF THE COMMON COUNCIL
ATTEST: DAWN M. JONES, CITY CLERK
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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 tt e official Seal of the City
of South Bend, St. Joseph County, Indiana, this 5/44' day of 0 20�,--.
- ` ` `'
Dawn M. Jones
Clerk of the City of South Bend
_ St. Joseph County, Indiana
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RESOLUTION
No. 4964-22
Passed by the Common Council of the City of South Bend, Indiana
June 27, 20 22 .
Attest: / V4 ) City Clerk
Dawn M. Jones /11
SAWthik -M C-3/4/-
Attest; President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
June 27, 20 22
City Clerk
Dawn M. Jones
Approved and signed byme 20 ZPP 9 lAnt
Mayor
BILL NO. 22-29
RESOLUTION NO. 4964-22
A RESOLUTION MODIFYING AND RECONFIRMING THE ADOPTION OF
DECLARATORY RESOLUTION NO. 4833-19 DESIGNATING CERTAIN
AREAS WITHIN
THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3585 Moreau Ct, South Bend, IN 46628
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
Toyo Seiko North America, 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. 4833-19 designated the area located at 3585
Moreau Ct., South Bend, IN 46628 and certain business personal property therein, as more
specifically set forth in Declaratory Resolution No. 4833-19, 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 sec.; and
WHEREAS, upon proper notice, a public hearing was held, after which the Common
Council issued a Confirming Resolution No. 4834-19 confirming the adoption of a Declaratory
Resolution No. 4833-19 on December 9, 2019; and
WHEREAS, the Petitioner was granted a three-year designation period in the Confirming
Resolution No. 4834-19, which will expire on November 25, 2022; however, the project will not
be completed until November 2024.
WHEREAS, the Petitioner has requested additional two years 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 II. The Common Council hereby reconfirms its Declaratory Resolution No. 4833-19
and its Confirming Resolution No. 4834-19 designating the area described herein as an Economic
Revitalization Area for the purpose of a personal property tax abatement. Such designation is
limited to five (5) calendar years from the date of adoption of the Declaratory Resolution No.
4833-19 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 -95%
Year 3 —90%
Year 4-85%
Year 5 —80%
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.
„SA4Afrik M CL
Sharon L. McBride, Council President
South Bend Common Council
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