HomeMy WebLinkAboutConfirming Tax Abatement - Curtis Products, Inc. 702 S. Carroll St & 722 S. Carroll St. (5 Year Personal Property)Attes
RESOLUTION
3359 -04
Passed by the Common Council of the City of South Bend, Indiana
July 26,
04
20_.
Presented by me to the Mayor of the City of South Bend, Indiana
July 27,
Approved and signed by me
PA.]
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City Clerk
dent of Common Council
2004 .
City Clerk
RESOLUTION NO.
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS
702 SOUTH CARROLL STREET AND 722 SOUTH CARROLL
STREET
AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
CURTIS PRODUCTS, 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 declared an area commonly known as 702
South Carroll Street and 722 South Carroll Street, South Bend, Indiana, and which is
more particularly described as follows:
Lot A Monroe Sample Replat
Lot B Monroe Sample Replat
Lot G Monroe Sample Replat
Lot E Monroe Sample Replat
Lot F Monroe Sample Replat
and which has Key Numbers 18- 3025 -0910, 18- 3025 -0912, 18- 3021 -0793, 18 -3024-
090101, 18- 3092 -3513, and 18- 3025- 090401 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, the Memorandum of Agreement between the
Petitioner and the City of South Bend and the Statement Of Benefits comply with
Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code
6- 1.1 -12 et se Mc.
SECTION III. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approval by the Mayor.
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PRESENTED
NOT APPROVED 1
XDOPTED J- Z�A-O -1
reTaTmone acs
Flied In Clerk's Office
1200 COUNTY -CITY BUILDING
227 W. JEFFERSON BOULEVARD
SOUITi BEND, INDIANA 46601 -1830
July 6, 2004
PHONE 574/235 -9371
Fax 574/235 -9021
TDD 574/ 235 -5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY & ECONOMIC DEVELOPMENT
SHARON T. KENDALL
EXECUTIVE DIRECTOR
Council Member Roland Kelly, Chairperson
Community & Economic Development Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
RE: Personal Property Tax Abatement Petition for:
Curtis Products, Inc.
702 and 722 South Carroll Street
Dear Council Member Kelly:
Please find attached the Department of Community & Economic Development's report on a commercial
personal property tax abatement petition for the above referenced petitioner for new manufacturing
equipment to be located at 702 and 722 South Carroll Street, South Bend, Indiana. Also attached is a copy
of the petition, Statement of Benefits form and supporting information.
The report contains the Department's findings relative to the above petition. The petitioner, Curtis Products,
Inc., proposes to purchase manufacturing equipment to add additional production capacity to allow the
company to meet new contracts. The total cost is estimated to be $350,000. Curtis Products meets the
qualifications for a five (5) year tax abatement. A representative of Curtis Products will be available to meet
with the Committee on Monday, July 12, 2004.
Should you or any of the other Council members have questions concerning the report or need additional
information, please feel free to call me at 235 -5828.
Sincerely,
l
Terry J. O'Brien
Economic Development Specialist
Attachments
c: South Bend Common Council Members
Mayor Stephen Luecke
Filed In Cleric': Office
JUL - 0 2004
JOHNYOORDE
CITY CLERK, SO. BEND, I
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT
574/235 -9660 574/235 -9371 ELIZABETH LEONARD
FAx: 574/235 -9697 574/235 -9371