HomeMy WebLinkAboutDesignating Tax Abatement - General Sheet Metal Works Inc. 1902 South Main St. (5 Yr. Personal Property) RESOLUTION
4244-13
Passed by the Common Council of the City of South Bend, Indiana
March 11, 13
20
Meat City Clerk
Attest 1 1.1 V' ;
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
March 12, 20 13
CCC
City Clerk
Approved and signed by me Q-e H lZ 20 13
Mawr
RESOLUTION NO. E Z-4
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
1902 SOUTH MAIN STREET
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
(5) FIVE-YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
GENERAL SHEET METAL WORKS,INC.
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 1902 South Main Street, South Bend, Indiana, and
which is more particularly described as follows:
PARC OF LAND BEG APPROX 140' E OF CENTERLINE OF CALVERT &
LAFAYETTE ST&BEING PT OF W 1/2 SW 1/4 SEC 13-37-2E CONT 1.94 AC+-
573' ON E SIDE LAFAYETTE ST ETC BEG SE COR CALVERT ST CONT APPX 1.2216
ACRS SEC 13-37-2E
LOTS 35, 36 &N 18' VAC BOWMAN ST & 14' VAC ALLEY W& ADJ & S 1/2 VAC
ALLEY N&ADJ TO LOT 35 BOWMAN'S 1ST ADDN
LOT 10 & VAC ALLEY BET LOTS 10 11 LOT 11 & EX 15 FT FOR ST STOVER &
WITWER ADD
LOT 34&E %2 VAC ALLEY W&ADJ&N 1/2 VAC ALLEY SO&ADJ BOWMANS 1ST
ADD
LOTS 18 THRU 22&E 1/2 VAC ALLEY W&ADJ&E-W VAC ALLEY BET LOTS 18&
19 STOVER&WITWER ADD
and which has Key Numbers 18-8010-0451, 18-8010-046601, 18-8010-0453, 18-8011-048901, 18-
8012-0567, 18-8012-056701,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 sec., and;
WHEREAS,the Department of Community and Economic Development 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 and Economic Development 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;
d. Any other benefits about which information was requested are benefits that can be
reasonably expected to result from the proposed new 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
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 and Economic Development, and the Community and Economic
Development 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
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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.
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.
k A I A,
Member of the Common Council
Filed iii—Cierk's Office
flAK 4014
3 -f t-l3 Joen�� � a :
NOT APPROVED
3
DOPTE{2.;
3 -4 (--�3
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
13-20 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 1902 SOUTH MAIN STREET AN
ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
A (5) FIVE-YEAR PERSONAL PROPERTY TAX
ABATEMENT FOR GENERAL SHEET METAL WORKS,
INC.
Respectfully report that they have examined the matter and that in their opinion,
this bill is being recommended to the full Council with a favorable
recommendation.
This bill was heard by the Community Investment Committee.
Karen L. White
Chairperson, Committee of the Whole