HomeMy WebLinkAboutConfirming Tax Abatement - Photochrome, Inc. 511 Lincoln Way West (5 Year Personal Property)Attest:
RESOLUTION
3022 -01
Passed by the Common Council of the City of South Bend,
July 23,
2001 .
Presented by me to the Mayor of the City of South Bend, Indiana
July 24, 2001
City Clerk
President of Common Council
Approved and signed by me July 24, 202-1.
City Clerk
0
RESOLUTION NO. 302Q-- O k
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
511 LINCOLN WAY WEST
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
PHOTOCHROME, 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 511
Lincoln Way West and which is more particularly described as follows:
W14 1/z of lot 21 EX 40'N end all of 22 & S 22' of 23
with said real estate having the following Key Number 18- 1027 -0893, 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
NOT APPROVED
ADOPTED 1 -2-3-O%
Member of the Common Cou it
Filed In Clerk's Of'' >;
2 l U 0 2001
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