HomeMy WebLinkAboutDesignating Tax Abatement - Adapto-Indiana, Inc. 3722 Foundation Ct. (5 Year Personal Property)Attest:
RESOLUTION
3284 -04
Passed by the Common Council of the City of South Bend, Indiana
January 12, 04
20_.
City Clerk
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
January 13, 20 04
Approved and signed by me January 14 20 04 .
City Clerk
0
RESOLUTION NO. 3 Z p i -64
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3722 Foundation Court, South Bend, Indiana 46628
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
Adapto- Indiana, 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 3722
Foundation Court, South Bend, Indiana 46628 and which is more particularly described as
follows:
A parcel of land located in the Metro -Aledo Minor Subdivision, Lot 2, German
Township, St. Joseph, County, Indiana...
and which has Key Number 251010 040018, 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
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
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 sea.
SECTION III. This Resolution shall be in frill force and effect from and after its adoption by the
Common Council and approved by the Mayor.
Member
PRESENTED
NOT APPROVED
ADOPTED H2--0%
DEC Q % ZUB
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CM CLEUK, SO. ' —IFND, :;<.