HomeMy WebLinkAboutDesignating Tax Abatement - Chase Plastics 5233 Dylan Dr. (5 Year Personal Property)Attes
RESOLUTION
4397 -14
Passed by the Common Council of the City of South Bend, Indiana
October 27,
14
20
Presented by me to the Mayor of the City of South Bend, Indiana _
October 28, 20 14
City Clerk
dent of Common Council
Approved and signed by me QD - ^ . -?$ 20 y.
City Clerk
RESOLUTION NO. 3 41—
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
5233 Dylan Drive
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
(5) FIVE -YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
CHASE PLASTICS
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 5233 Dylan Drive, South Bend, Indiana, and which
is more particularly described as follows:
613.6' E.n. N.e. & 613.6'
E Side S.e.n.e Ex: 4.718 Ac to
State and Ex Irr Tract Nel /4 Nel /4
And ex Irr tract cont 5.26 ac +/-
18-38N-2E 9.155 ac tot
12/13 split to 025- 1010 - 017002
Per 1111301/08/09 missed and fixed in 2013
Split to 04- 1010 - 017001
00 -01 Split Trans 12204 2/9/1998
Annxd 06 -07 per Ord 9587 -05
09/10 Pt to Ptg Prairie Manor #2
10 /11 pt to ptg Prairie Minor #3
Beg 910.31' from the NW '/o of
38 2e thence Ne 345.46'
Thence Se 919.19 thence SW 958.27'
Thence Nw 731.96 thence Ne 445.17'
Thence Nw 187.23' thence Ne 167.04
To point of Beg cont 5.26 Ac +/-
Lot 1 Portage Prairie
Minor #2
RP 1732 04 -03 -08
09/10
and which has Key Numbers 025-1010-016902,025-1010-017002,025-1010-0170, be designated
as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et SeMc ., 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 M., 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 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 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 as shown by the attachment
pursuant to Indiana Code 6 -1.1- 12.1 -17.
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 yifull
Common Council and approval by the yor.
NOT APPRO,Wd
effect from and after its adoption by the
Council
File in Clerk's Office
ACT Z 2 2014
JOHN VOOR ®E
CITY CLERK, SOUTH SEND, IN
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
14 -97 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 5233 DYLAN DRIVE AN
ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
A (5) FIVE -YEAR PERSONAL PROPERTY TAX
ABATEMENT FOR CHASE PLASTICS
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