HomeMy WebLinkAboutReconfirming Tax Abatement - Hoosier Tank & Manufacturing Inc. 1710 N. Sheridan St. (5 Year Personal Property)Attest:
RESOLUTION
3483 -05
Passed by the Common Council of the City of South Bend, Indiana
June 27,
05
20_.
Presented by me to the Mayor of the City of South Bend, Indiana
June 28,
05
Approved and signed by me June 29
City Clerk
President of Common Council
20..2-5.
City Clerk
0
RESOLUTION NO. 314 N— Or
A RESOLUTION RECONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS
1710 North Sheridan Street
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
EXTENDING THEIR FIVE (5) YEAR PERSONAL PROPERTY TAX
ABATEMENT FOR
HOOSIER TANK & MANUFACTURING, INC.
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, the Common Council of the City of South Bend, Indiana, adopted a
Reconfirmatory Resolution, No. 3443 -05, confirming the designation that certain areas
commonly known as 1710 North Sheridan Street, South Bend, Indiana, and which is
more particularly described as follows:
Parcile of land begging approximately 889.84' South & 40' East of NW 'V4 SE 1/4 and
known as Gibbs Wire & Steel Co Inc minor sub section 33 -38 -2E cont
approximately AC
with said real estate having the following Key Numbers 18- 2184- 693803, 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 r
evitalization area have been met; and
WHEREAS, the Council issued a Confirmatory Resolution confirming the adoption of
the Declaratory Resolution as Resolution No. 3213 -03 on July 28, 2003; and
WHEREAS, the Petitioner will exceed the two year designation period granted in the
Confirmatory resolution, which will expired on July 28, 2005; and
WHEREAS, the Petitioner has requested an additional period of time to complete
construction of the planned 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 confirms 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 to two (2) calendar years from the date of adoption of the Declaratory
Resolution by the Common Council.
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 five (5) 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 seq.
SECTION III. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approved by the Mayor.
PRESENTED
NOt APPROVED �
ADOPTED �o-2:1 -OS
Member of the Common Qouncil
Office
79005]
CITY 6cEk' sD. BEND, IN.
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
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.
05 -77 A RESOLUTION RECONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA,
COMMONLY KNOWN AS 1710 NORTH SHERIDAN STREET
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES
OF EXTENDING THEIR FIVE (5) YEAR PERSONAL PROPERTY
TAX ABATEMENT FOR HOOSIER TANK & MANUFACTURING,
INC.
Roland Kelly
Chairman