HomeMy WebLinkAboutConfirming Tax Abatement - General Sheet Metal Works, Inc. 1902 S. Main St. (5 Year Personal Property)Attest:
RESOLUTION
3251 -03
Passed by the Common Council of the City of South Bend, Indiana
October 13
20 03.
Presented by me to the Mayor of the City of South Bend, Indiana
October 14, 20 03
Approved and signed by me October 15
City Clerk
President of Common Council
20 03 .
City Clerk
RESOLUTION NO. - S [ - 03
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1902 S. MAIN STREET
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
GENERAL SHEET METAL WORKS, 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 1902
S. Main Street and which is more particularly described as follows:
PARC OF LAND BEG APPROX 140'E OF CENTERLINE OF CALVERT &
LAFAYETTE ST & BEING PT OF W' /: SW 1/4 SEC 13 -37 -2E CONT 1.94 ACt
573' ON E SIDE LAFAYETTE ST ETC BEG SE COR CALVERT ST CONT
APPX 1.2216 ACRS SEC 13 -37 -2E
LOTS 35,36 &18' VAC BOWMAN ST & 14' VAC ALLEY W & ADJ TO LOT 35
BOWMAN'S 1ST ADDN
LOT 10 & VAC ALLEY BET LOTS 10 & 11 EX 15 FT FOR ST STOVER &
WITWER ADD
LOT 34 & E %: VAC ALLEY W & ADJ & N %: VAC ALLEY SO & ADJ
BOWMANS 1ST ADD
LOTS 18 THRU 22 & E %: VAC ALLEY W & ADJ & E -W VAC ALLEY BET
LOTS 18 & 19 STOVER & WITWER ADD
with said real estate having the following Key Numbers 18- 8010 -0451; 18- 8010- 46601; 18-
8010 -0453; 18- 8011- 048901; 18- 8012 -0567; 18- 8012 - 056701, 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 sea.
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 ( 0 -13 -03
NOT APPROVED
ADOPTED `0 - 3 -03
st-�D��
Member of the Common Council
2
Filed in Clark's Office
FSEP 17 2003
LOF3ETTAJ. CU9A
WYCLEFW, S6. BEND.Im
1200 Coven -CITY BUILDING
Sourx BEND, INDIANA 46601 -1830
PHONE 574/ 235 -9371
FAx 5741235 -9021
TDD 5741235-5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY & ECONOMIC DEVELOPMENT
September 16, 2003
Council Member Karl G. King, Chairperson
Community & Economic Development Committee
South Bend Common Council
RE: Personal Property Tax Abatement Petition for:
General Sheet Metal Works, Inc.
1902 S. Main Street
Dear Council Member King:
Please find attached the Department of Community & Economic Development's report on a personal
property tax abatement petition for the above referenced petitioner. The project calls for the purchase and
installation of machinery and equipment. Also attached area copy of the petition, Statement of Benefits
form and supporting information.
The report contains the Department's findings relative to the above petitions. General Sheet Metal Works,
Inc. intends to purchase and install a Trumpf L5030 laser with Liftmaster automated load/unload system and
an 800 -ton Verson blanking press with 24" CWP coil line. The total cost for the new equipment has been
estimated at $1,026,000. The project is expected to create ten new jobs. General Sheet Metal Works, Inc.
meets the qualifications for a five year personal property tax abatement. A representative of the company
will be available to meet with the Committee on Monday, September 22, 2003.
Should you or any ofthe other Council members have any questions concerning the report or need additional
information, please feel free to call me at 235 -9337.
Sincerely,
(�t:U L
Cheryl Phipps
Economic Development Specialist
Attachments
Fred In Clark's �:-tflce
c: South Bend Common Council Members
Mayor Stephen Luecke
Don Inks
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL R. PROGRAM
PAMELA C. MEYER DONALD E. I \KS MANAGEMENT
574/235 -9660 5741235 -9371 ELILBET" LEONARD
FAR: 5741235 -9697 574/235 -9371