HomeMy WebLinkAboutConfirming Tax Abatement - Schafer Gear Works, Inc. 4701 Nimtz Parkway (5 Year Personal Property)Attest:
RESOLUTION
3055 -02
Passed by the Common Council of the City of South Bend, Indiana
January 14,
20 02
Presented by me to the Mayor of the City of South Bend, Indiana
January 16,
20 02
Approved and signed by me January 16,
City Clerk
President of Common Council
r� 1
City Clerk
11` ..
RESOLUTION NO. 36SS - O2,
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
4701 NIMTZ PARKWAY
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
SCHAFER GEAR WORKS, 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 4701
Nimtz Parkway and which is more particularly described as follows:
A part of the Southeast Quarter (SE1 /4) of Section 20 and part of the Southwest Quarter
(SW1 /4) of Section 21, Township 38 North, Range 2 East, situated in German Township,
St. Joseph County, State of Indiana, and being more particularly described as follows:
Lots numbered ten (10) and eleven (11) as shown on the recorded plat of H.G. Baus
Centre - Phase One, recorded March 16, 1995 as document Number 9507104 in the Office
of the Recorder of St. Joseph County, Indiana.
with said real estate having the following Key Number 25 -500- 23829, 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.
Member of the Common Council
2
PRESENTED l -1 \ -02"
NOT APPROVED`
ADOPTED 1- kkA-0Z
Filed In Clerk's Office
EDEC:10 4 2001 R
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