HomeMy WebLinkAbout5018-23 Designating Certain Areas: 3201 W. Calvert St. Personal Property Tax Abatement RESOLUTION
No. 5018-23
Passed by the Common Council of the City of South Bend, Indiana
May 8, 20 23
Attest: /e6::: j1.4) City Clerk
Dawn M. Jones
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Attest;
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President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
May 9, 23
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City Clerk
Dawn M. Jones
Approved and signed by me ill 6 P4/ 20 2 3
Mayor
BILL NO. 23-21
RESOLUTION NO. 5018-23
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
3201 W. Calvert Street, South Bend, IN 46613
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE-
YEAR (5) PERSONAL PROPERTY TAX ABATEMENT FOR
Verbio North America 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 3201 W. Calvert Street, South Bend, Indiana 46613,
and which is more particularly described as:
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 industrial and manufacturing equipment is
reasonable for equipment of that type;
B. The estimate of the number of individuals who will be employed or whose
employment will be retained by the Petitioner can reasonably be expected to result from the
proposed installation of new industrial and manufacturing equipment;
C. The estimate of the annual salaries of those individuals who will be employed or
whose employment will be retained by the Petitioner can be reasonably expected to result from
the proposed installation of new industrial and manufacturing equipment;
D. Any other benefits about which information was requested are benefits that can be
reasonably expected to result from the proposed new industrial and manufacturing equipment; and
E. The totality of benefits is sufficient to justify the deduction requested.
SECTION II. The Common Council hereby determines and finds that the proposed new industrial
and manufacturing equipment can be reasonably expected to yield the benefits identified in the
Statement of Benefits as set forth in Sections 1 through 3 of the Petition for Personal Property Tax
Abatement 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 expire on December 31, 2026.
SECTION V. 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 pursuant to
Indiana Code 6-1.1-12.1-17.
Year 1 - 100%
Year 2 - 100%
Year 3 - 90%
Year 4 - 80%
Year 5 - 70%
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 and effect from and after its adoption by the
Common Council and approval by the Mayor.
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Sharon Mc ride, Council President
South Bend Common Council
Attest:
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Dawn M. Jones, City Clerk
Office of the City Clerk
Presented by me, the undersigned Clerk of the Ci,y of South Bend, to the Mayor of the
-
City of South Bend, Indiana, on the 9 day of �% , 2023, at 1/
o'clock a .m. 0
teetaz ,t. pbxtei)
Dawn M. Jones, City Clerk
Office of the City Clerk
Approved and signed by me on the I 1}h day of yi7 ,2023, at 1-D o'clock
c .m.
Jes Mueller, Mayor
I:
City of South Bend