HomeMy WebLinkAboutDesignating Tax Abatement - Bowne of South Bend, Inc. & BSB's Wholly Owned LLC Subsidiaries 5021 F. Jay Nimtz Pkwy. (5 Year Personal Property)Attest:
RESOLUTION
3017 -01
Passed by the Common Council of the City of South Bend, Indiana
June 25,
01
20_.
Presented by me to the Mayor of the City of South Bend, Indiana
June 26,
Approved and signed by me
01
June 27
City Clerk
President of Common Council
20 01 .
City Clerk
RESOLUTION NO.
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN
THE CITY OF SOUTH BEND COMMONLY KNOWN AS
5021 F. JAY NIMTZ PARKWAY, SOUTH BEND, INDIANA
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
BOWNE OF SOUTH BEND, INC. (`BSB "), and
BSB'S WHOLLY OWNED LLC SUBSIDIARIES (collectively, `Bowne ")
WHEREAS, a petition for personal property tax abatement consideration has been filed
with the City Clerk for consideration by the Common Council of the City of South Bend,
Indiana, requesting that the area commonly known as 5021 F. Jay Nimtz Parkway, South Bend,
Indiana, and which is more particularly described as follows:
Part of the Southeast Quarter (SE %4) of Section 20, Township 38 North, Range 2
East, situate in German Township, St. Joseph County, State of Indiana, and being
more particularly described as follows:
Commencing at a one inch iron pipe with a cap stamped "M &B 13" marking the
Northwest corner of the Southeast Quarter (SE' /4) of said Section 20; thence South
00 degrees 19 minutes 53 seconds East along the West line of the Southeast
Quarter (SE' /4) of said Section 20 a distance of 427.00 feet to a drill hole set in
concrete, said point being the Southwest corner of land conveyed to the State of
Indiana in Deed Record 538, Page 72; thence continuing South 00 degrees 19
minutes 53 seconds East along the West line of the Southeast Quarter (SE' /4) of
said Section 20 a distance of 44.25 feet to a drill hole set in concrete on the North
right -of -way line of the F. Jay Nimtz Parkway; thence North 89 degrees 40
minutes 07 seconds East along the North right -of -way line of said F. Jay Nimtz
Parkway (80 foot right -of -way) a distance of 786.63 feet to the place of beginning
of this description; thence continuing North 89 degrees 40 minutes 07 seconds
East along the North right -of -way line of said F. Jay Nimtz Parkway (80 foot
right -of -way) a distance of 477.78 feet to a one inch pipe with a cap stamped
"M &B 13" marking the point of curvature of a tangent curve to the right having a
radius of 1640.00 feet and a central angle of 21 degrees 47 minutes 52 seconds;
thence Eastwardly and Southeastwardly along the North right -of -way line of said
F. Jay Nimtz Parkway and along said curve a distance of 623.93 feet; thence
North 00 Degrees 19 minutes 53 seconds West parallel with the East line of land
conveyed to the Board of Aviation Commissioners of St. Joseph County, Indiana
in Deed Record 246, Page 274 a distance of 540.72 feet; thence North 89 degrees
47 minutes 15 seconds West parallel with the North line of the Southeast Quarter
(SE %4) of said Section 20 and the North line of said Commissioners Land a
distance of 1082.81 feet; thence South 00 degrees 11 minutes 51 seconds West
parallel with the East line of land conveyed to the State of Indiana in Deed Record
538, Page 72 a distance of 433.76 feet to the place of beginning of this
description;
and which has Key Number 25- 1018 - 0628.03 be designated as an Economic Revitalization Area
under the provisions of Indiana Code 6 -1.1- 12.1 -1 et sec., and South Bend Municipal Code
Sections 2 -76 et seq., and;
WHEREAS, the Department of Community and Economic Development has concluded
an investigation and prepared a report with information sufficient for the Common Council to
determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1-
12.1, et sue., and South Bend Municipal Code Sections 2 -76 et seq., and has further prepared
maps and plats showing the boundaries and such other information regarding the area in question
as required by law; and
WHEREAS, the Community and Economic Development Committee of the Common
Council has reviewed said report and recommended to the Common Council that the area
qualifies as an Economic Revitalization Area.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South
Bend, Indiana, as follows:
SECTION I. The Common Council hereby determines and finds pursuant to Indiana Code 6-
1.1- 12.1 -4.5 et sea., that:
a. the estimate of the cost of the new manufacturing equipment is reasonable for
equipment of that type;
b. That the estimate of the number of individuals who will be employed or whose
employment will be retained by the Petitioner can be reasonably expected to result from the
proposed installation of new manufacturing equipment;
C. That the estimate of the annual salaries of those individuals who will be employed
or whose employment will be retained by the Petitioner can be reasonably expected to result
from the proposed installation of new manufacturing equipment;
d. any other benefits about which information was requested are benefits that can be
reasonably expected to result from the proposed new manufacturing equipment; and
e. the totality of benefits is sufficient to justify the deduction requested.
SECTION H. The Common Council hereby determines and finds that the proposed new
manufacturing equipment can be reasonably expected to yield the benefits identified in the
Statement of Benefits as set forth in Sections 1 through 3 of the Petition for Personal Property
2
Tax Abatement Consideration and that the Statement of Benefits Form completed by the
petitioner, said form being prescribed by the State Board of Accounts, are sufficient to justify the
deduction granted under Indiana Code 6 -1.1- 12.1 -4.5.
SECTION III. The Common Council hereby accepts the report and recommendation of the
Department of Community and Economic Development, and the Community and Economic
Development Committee's favorable recommendation, that the area herein described be
designated as an Economic Revitalization Area for purposes of personal property tax abatement
and hereby makes such a designation.
SECTION IV. The Common Council determines that such designation is for personal property
tax abatement only and shall be limited to two (2) calendar years from the date of the adoption of
this Resolution by the Common Council.
SECTION V. The Common Council hereby determines that the property owner is qualified for
and is granted property tax deduction for a period of five (5) years.
SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption of
this Declaratory Resolution for Personal Property Tax Abatement to be published pursuant to
Indiana Code 5 -3 -1, said publication providing notice of the public hearing before the Common
Council on the proposed confirming of said declaration.
SECTION VII. This Resolution shall be in full force and effect from and after its adoption by
the Common Council and approval by the Mayor.
Member ofthe Common Council
PRISENTE6
190T APPROVED
%LDOPTED ( ---),54
Filed in Clerks Office
JUN 19 2009
LORETfA J. DUDA
CITY CLERK, SO. SEW. RN.
COMMITTEE REPORT
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
01 -58 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH
BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH
BEND COMMONLY KNOWN AS 5021 F. JAY NIMTZ PARKWAY, SOUTH
BEND, INDIANA AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX
ABATEMENT FOR BOWNE OF SOUTH BEND, INC. (`BSB "), AND BSB'S
WHOLLY OWNED LLC SUBSIDIARIES (COLLECTIVELY, `BOWNE ")
Respectfully report that they have examined the matter and that in their opinion, this bill is being
recommended to the full Council with a favorable recommendation.
Andrew Udjak
Chairman