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HomeMy WebLinkAboutConfirming Tax Abatement - Fulton Industries Inc. 4050 Ralph Jones Dr. (5 Year Personal Property)Attest: RESOLUTION 3417 -05 Passed by the Common Council of the City of South Bend, Indiana January 24, 20 05 City Clerk President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana January 25, 20 05 Approved and signed by me January 27, 20 05 City Clerk M RESOLUTION NO. 3y 17 -0,!;� A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 4050 RALPH JONES DRIVE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR FULTON INDUSTRIES, 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, a Declaratory Resolution designated the area commonly known as 4050 Ralph Jones Drive, South Bend, Indiana, and which is more particularly described as follows: Lots Numbered Sixteen (16) and Seventeen (17) as shown on the recorded Plat of Toll Road Industrial Park Section 6, recorded April 7, 1989 as Document Number 8908570 in the Office of the Recorder of St. Joseph County, Indiana and which has Key Numbers 25- 1013- 021107 and 25 -1013- 021201, 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 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 ss . 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 I - %i �l�06- NOT APPROVED ADOPTED \�'q Member of the Common Coun 41 Filed In Clerk's Office EE 2005 JOHN YOORDE CRY CLERK, S0. BEND, IN.