HomeMy WebLinkAboutDesignating Tax Abatement - General Sheet Metal Works, Inc. 1902 S. Main St. (5 Year Personal Property)Attest:
RESOLUTION
3248 -03
Passed by the Common Council of the City of South Bend, Indiana
September 22,
20 03
Presented by me to the Mayor of the City of South Bend, Indiana
September 23, 20 03
Approved and signed by me September 23
City Clerk
President of Common Council
20 03 .
City Clerk
Lm
RESOLUTIONNO.
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN
THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1902 S. MAIN STREET
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
GENERAL SHEET METAL WORKS, 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 1902 S. Main Street, South
Bend, Indiana, 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 %2 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 %2 VAC ALLEY W & ADJ & E -W VAC ALLEY BET
LOTS 18 & 19 STOVER & WITWER ADD
and this property has Key Numbers 18- 8010 -0451; 18- 8010- 46601; 18- 8010 -0453; 18 -8011-
048901; 18- 8012 -0567; 18- 8012- 056701, be designated as an Economic Revitalization Area
under the provisions of Indiana Code 6 -1.1 -12.1 et seq., and South Bend Municipal Code
Sections 2 -76 et seq., and;
WHEREAS, the Department of Community and Economic Development has
concluded an investigation and prepared a report with information sufficient for the
Common Council to determine that the area qualifies as an Economic Revitalization Area
under Indiana Code 6 -1.1 -12.1, et seq., and South Bend Municipal Code Sections 2 -76, et
Leg., and has further prepared maps and plats showing the boundaries and such other
information regarding the area in question as required by law; and
WHEREAS, the Community and Economic Development Committee of the
Common Council has reviewed said report and recommended to the Common Council that
the area qualifies as an Economic Revitalization Area.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
South Bend, Indiana, as follows:
SECTION I. The Common Council hereby determines and finds pursuant to Indiana Code
6 -1.1- 12.1 -4.5 gt sea., that:
a. the estimate of the cost of the new manufacturing equipment is reasonable for
equipment of that type;
b. That the estimate of the number of individuals that will be employed or whose
employment will be retained by the Petitioner can reasonably be expected to result from the
proposed installation of new manufacturing equipment;
C. That the estimate of the annual salaries of those individuals that will be
employed or whose employment will be retained by the Petitioner can be reasonably
expected to result from the proposed installation of new manufacturing equipment;
d. any other benefits about which information was requested are benefits that
can be reasonably expected to result from the proposed new manufacturing equipment; and
e. the totality of benefits is sufficient to justify the deduction requested.
SECTION II. The Common Council hereby determines and finds that the proposed new
manufacturing equipment can be reasonably expected to yield the benefits identified in the
Statement of Benefits as set forth in Sections 1 through 3 of the Petition for Personal
Property Tax Abatement Consideration and that the Statement of Benefits form completed
by the petitioner, said form being prescribed by the State Board of Accounts, are sufficient
to justify the deduction granted under Indiana Code 6 -1.1- 12.1 -4.5.
SECTION III. The Common Council hereby accepts the report and recommendation of the
Department of Community and Economic Development, and the Community and Economic
Development Committee's favorable recommendation, that the area herein described be
designated as an Economic Revitalization Area for purposes of personal property tax
abatement and hereby makes such a designation.
SECTION IV. The Common Council determines that such designation is for personal
property tax abatement only and shall be limited to two (2) calendar years from the date of
the adoption of this Resolution by the Common Council.
SECTION V. The Common Council hereby determines that the property owner is qualified
for and is granted property tax deduction for a period of five (5) years.
SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption
of this Declaratory Resolution for Personal Property Tax Abatement to be published
pursuant to Indiana Code 5 -3 -1, said publication providing notice of the public hearing
before the Common Council on the proposed confirming of said declaration.
SECTION VII. This Resolution shall be in full force and effect from and after its adoption
by the Common Council and approval by the Mayor.
PRESENTED
NOT APPROVED
ADOPTED 6�-I -L -03
Member of the Common Council
Filed In Clark's Office
SEP l � 2003
LORETTA J. DUDA
WYCLERK, 80. BEM ltd.
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
03 -105 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF
SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY
OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1902 S.
MAIN STREET AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX
ABATEMENT FOR GENERAL SHEET METAL WORKS, INC.
Respectfully report that they have examined the matter and that in their opinion, this bill is
being recommended to the full Council with a favorable recommendation.
Karl King
Chairman