HomeMy WebLinkAboutConfirming Tax Abatement - GTA Containers, Inc. 4201 Linden Ave. (5 Year Personal Property)F -IV M
RESOLUTION
Passed by the Common Council of the City of South Bend, Indiana
March 24,
20_03
Presented by me to the Mayor of the City of South Bend, Indiana
March 25,
20 03
City Clerk
dent of Common Council
Approved and signed by me
March 25,
2003 .
City Clerk
RESOLUTION NO. '� M - U
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
4201 LINDEN AVENUE
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
GTA CONTAINERS, 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 4201
Linden Avenue and which is more particularly described as follows:
A Part of the East Half of the Southwest Quarter of Section 4, Township 37 North, Range 2
East, South Bend, Indiana
with said real estate having the following Key Number 18- 2193 -7257, 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 3 -2�V53
NOT APPROVED
ADOPTED 3' 2-
� a1
�Xenfber of the Common Council
2
Filed in Clerk's Office
MAP ® 5 2003
LORETTAJ. DUDA
CRYCLERK, go. gEND K