HomeMy WebLinkAboutConfirming Tax Abatement - Value Productions, Inc. 2629 Foundation Dr. (5 Year Residential Property)Attes
RESOLUTION
3305 -04
Passed by the Common Council of the City of South Bend, Indiana
February 23,
zo 04 .
Presented by me to the Mayor of the City of South Bend, Indiana
February 24, 20 04
City Clerk
dent of Common Council
Approved and signed by me February 26 2044.
City Clerk
RESOLUTION NO. 33,15)S-61
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
2629 FOUNDATION DRIVE
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
VALUE PRODUCTION. INC.
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 2629 Foundation Drive, South Bend, Indiana, and
which is more particularly described as follows:
316.80'N &Sx450'E &W Beg 211.27'W & 1590.40 N SE Cor SW See
28 -38 -2E 3.27 Ac
and which has Key Number 25- 1010 - 010012 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 sec .
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.
r�;,A
Member of the Common Councill
PRESENTED
NOT APPROVED
t
ADOPTED 2-_z3 -09