HomeMy WebLinkAboutConfirming Tax Abatement - Gibbs Wire & Steel Company, Inc. 3751 Olive Rd. (5 Year Personal Property)Attes
RESOLUTION
3193 -03
Passed by the Common Council of the City of South Bend, Indiana
May 27, 20--2-3
Presented by me to the Mayor of the City of South Bend, Indiana
May 28, 20 03 .
City Clerk
dent of Common Council
Approved and signed by me May 28, 2001 .
City Clerk
0
RESOLUTION NO. 3H3-D3
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3751 OLIVE ROAD
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
GIBBS WIRE AND STEEL COMPANY, 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 3751
Olive Road and which is more particularly described as follows:
Lot numbered one (1) as shown on the recorded plat of Gibbs' Olive Road Minor
Subdivision recorded June 2, 2000 as document number 0026450 in the office of the
Recorder of St. Joseph County, Indiana
with said real estate having the following Key Number 25 -1011- 018602, 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 S'2 -)"U
NOT APPROVED
ADOPTED S: _'Zl - 03
ember of the Common C uncil
Filed In Clerk's OffiC0
2 SPA 3 CITY CLERM, SC: