HomeMy WebLinkAboutDesignating Tax Abatement - Hoosier Tank & Manufacturing, Inc. 2502 W. Lawton St & 201 N. Olive St. (5 Year Personal Property)Attest:
RESOLUTION
3213 -03
Passed by the Common Council of the City of South Bend, Indiana
July 28, 20 03 .
Presented by me to the Mayor of the City of South Bend, Indiana
July 29, 20 03 .
City Clerk
President of Common Council
Approved and signed by me July 30 2003
City Clerk
M.
RESOLUTION NO. 32-0-03
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
2502 West Lawton Street
and 201 North Olive Street
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
HOOSIER TANK & MANUFACTURING, 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 2502
West Lawton Street and 201 North Olive Street and which is more particularly described as
follows:
Lots located at 2502 West Lawton Street numbered sixty (60), sixty-one (61), sixty-two (62),
sixty-three (63), sixty-four (64), sixty-five (65), sixty-six (66), and sixty-seven (67) as shown
on the recorded Plat of West End Subdivision, within and part of the City of South Bend,
recorded August 20,1901 in Plat Book 8, page 46.
Lots located at 201 North Olive numbered North 57.39 F +on Olive x 257" of Lots 11 & 12
& P + S of 33, 32, 31,30 & all of 29 & 14" Vacant Alley West End Subdivision. 60.37 Ft on
Olive Street x 261 Foot on Orange being Lot 10 and parts of 11- 30- 31 -32 -33 & 14 Foot
Alley West End Subdivision.
with said real estate having the following Key Numbers 18- 2038 - 1313,18- 2081- 1325,18-
2038 -1328, 18- 2038 - 1300,18- 2038 - 1303,18- 2038 -1306, 18- 2038 -1306, 18- 2038 -1315, 18-
2038 -1318, 18- 2038 - 1327,18 -2038- 128701, and 18- 2038 -1289, 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 se g.
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.
Member of the Common ouncil
2
PRESENTED
NOT APPROVED
ADOPTED 3 03
Filed in Clerk's Office
JUL 14 2003
LONITLAJ. DUDA
CITYCLEM, 8D. SEND, IN,
1200 Couvn -C1rr BUILDING
SOUTH BEND, INDIANA 46601 -1830
July 8, 2003
PHONE 574/235 -9371
FAx 574/235 -9021
TDD 574/ 235 -5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY & ECONOMIC DEVELOPMENT
Council Member Karl King, Chairperson
Community & Economic Development Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
RE: Personal Real Property Tax Abatement Petition for:
Hoosier Tank & Manufacturing, Inc.
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 acquisition
and installation of new machinery and equipment at the company's facility at 2502 West Lawton Street.
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. Hoosier Tank &
Manufacturing, Inc. is continuing to grow and gain market share in the trailer industry with the production
of air pressure reservoirs. The company needs to purchase 9 %" and 12" head die tooling, Sciaky resistance
welder, Carrell Roller, new test set -up, punch presses, and a cut to length line. The total cost of the
equipment is estimated at $ 250,000. The project is expected to create 12 new jobs within the first year.
Hoosier Tank meets the qualifications for a five year personal property tax abatement, and a representative
of the company will be available to meet with the Committee on Monday, July 14, 2003.
Should you or any of the other Council members have any questions concerning the report or need additional
information, please feel free to call me at 235 -5828.
in rely,
Michael Beitzinger
Economic Development Specialist
Attachments
c: South Bend Common Council Members
Mayor Stephen Luecke
Don Inks
filed In Clerk's Office
JUL 0 8 2003
LCRETTAd. mm
CtrYCL6 K,SO.B6fOD.iK
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL A PROGRAM
NMEU C. MEYER DONALD E. NEs MANAGEMENT
574/235 -9660 574/235 -9371 ELIZABETH L..ARD
FAx: 574/235 -9697 574/235 -9371