HomeMy WebLinkAboutConfirming Tax Abatement - Total Enterprses, LTD. 3333 W. Lathrop Dr. (5 Year Personal Property)Attest:
RESOLUTION
3192 -03
Passed by the Common Council of the City of South Bend, Indiana
May 27, 20 03
Presented by me to the Mayor of the City of South Bend, Indiana
May 28, 20 03
Approved and signed by me May 2
City Clerk
President of Common Council
20 03.
City Clerk
RESOLUTION NO. 3 t� 2- 0 3
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3333 WEST LATHROP DRIVE
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
TOTAL ENTERPRISES, LTD.
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 3333
West Lathrop Drive and which is more particularly described as follows:
PARCEL I:
A tract of land in the Southeast Quarter of Section Twenty-eight (28), Township Thirty -
Eight (38) North, Range Two (2) East, German Township, St. Joseph County, Indiana.
PARCEL II:
A part of the Southeast Quarter of Section Twenty-eight (28), Township Thirty -eight (38)
North, Range Two (2) East, German Township, St. Joseph County, Indiana.
PARCEL III:
A part of the Southeast Quarter of Section Twenty-eight (28), Township Thirty -eight (38)
North, Range Two (2) East, St. Joseph County, Indiana.
with said real estate having the following Key Number 25- 1010 -0409, 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.
1/1 '
Mdmber of the fion ltoircciI
2
PRESENTED 5- -21-03
NOT APPROVED
4
ADOPTED
Filed In Clerk's Office
APR 3 0 2003
LCRETTAJ. DUDA
CRY CLERK, 80. BEND, K
1200 COUNTY -CITY BUILDING
SOUTH BEND, INDUNA 46601 -1830
PHONE 574 /235 -9371
FAx 5741235 -9021
TDD 574/ 235 -5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY & ECONOMIC DEVELOPMENT
April 29, 2003 JON R. HUNT
EXECUTIVE DIRECTOR
Council Member Karl G. King, Chairperson
Community & Economic Development Committee
South Bend Common Council
RE: Personal Property Tax Abatement Petition for:
Total Enterprises, Ltd.
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 petitioner intends to install new
machinery and equipment at the company's facility at 3333 W. Lathrop Street and is seeking a five year
personal property tax abatement. 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 petitions. Total Enterprises is a
manufacturer of tooling for the automotive and office furniture industries. Products such as office and
automotive seats, arm rests, head rests, fire walls, floor pans, and head liners are mode from tools and
molds produced by Total Enterprises. The company needs to purchase new foundry, pattern shop and
engineering machinery and equipment in order to produce tooling more competitively. The total cost of
the new equipment is estimated at $350,000. The project is expected to create 4 new jobs within the first
year. Total Enterprises 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, May 12, 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 -5835.
45 . rely,
Michael Beitzinger
Assistant Director, Economic Development
Attachments
c: South Bend Common Council Members
Mayor Stephen Luecke
Don Inks
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM
PAMELA C. METER DONALD E. INKS MANAGEMENT
5741235 -9660 574/235 -9371 ELIUBSTH LEONARD
FAx: 574/235 -9697 574/235 -9371