HomeMy WebLinkAboutReconfirming Tax Abatement - Somaschini North America 4601 Nimtz Parkway Extending Abatement for 1 Year and Changing Ownership from South Bend GearAttes
RESOLUTION
4316 -14
Passed by the Common Council of the City of South Bend, Indiana
February 10, 20 14
Presented by me to the Mayor of the City of South Bend, Indiana
February 11, 20 14
City Clerk
dent of Common Council
Approved and signed by me rig N�f` �� /� 20 1� .
City Clerk
RESOLUTION NO. 'l3 � (O - L y
A RESOLUTION RECONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
4601 NIMTZ PARKWAY
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT AND
EXTENDING THE ABATEMENT FOR 1 YEAR AND CHANGING
OWNERSHIP FROM SOUTH BEND GEAR TO
SOMASCHINI NORTH AMERICA
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 4601
Nimtz Parkway, South Bend, Indiana, and which is more particularly described as follows:
This real estate is commonly described as: vacant land North of and adjacent to
4701 Nimtz Parkway, said property having frontage on Showerlux Drive, South
Bend, Indiana 46628 and is legally described as follows: that part of the
Southeast Quarter of Section 20 and the Southwest quarter of Section 21, both in
Township 38 North,
Range 2 East, German Township, City of South Bend, St. Joseph County, Indiana
which is described as: Lot # l0A as shown on the plat of "H.G. Baus Centre -
Phase One First Replat" subdivision recorded by Document No. 0746267 in the
records in the Office of the Recorder of St. Joseph County, Indiana. Containing
5.54 acres more or less. Subject to all legal highways, easements and restrictions
ofrecord,
and which has Key Number 71- 03 -21- 300 - 001.000 -009, 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 reconfirms 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 until February 15,
2015. The Common Council hereby confirms that Somaschini North America may assume the
tax abatement previously granted to South Bend Gear.
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 (5) five years, and further
determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the
City of South Bend and Indiana Code 6- 1.1 -12 et sect.
SECTION III. This Resolution shall be in full force
Common Council and approved by the Mayor.
PRESENTED -'L unJ��
NOT APPROVE6
'ADOPTED.
he
Filed In Clerk's
0 691
M41 x 4 i•t.
JOHN VCX)RCa
CITY CLERK, SOUTH 0"ENDI IN
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
14 -04 A RESOLUTION RECONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA,
COMMONLY KNOWN AS 4601 NIMTZ PARKWAY TO BE
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES
OF A FIVE (5) YEAR PERSONAL PROPERTY TAX
ABATEMENT AND EXTENDING THE ABATEMENT FOR 1
YEAR AND CHANGING OWNERSHIP FROM SOUTH
BEND GEAR TO SOMASCHINI NORTH AMERICA
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.
Valerie Schey
Chairperson, Committee of the Whole