HomeMy WebLinkAboutConfirming Tax Abatement - Koontz-Wagner Electric Co. Inc. 3801 Voorde Dr. (6 Year Real Property)Attest:
RESOLUTION
2992 -01
Passed by the Common Council of the City of South Bend, Indiana
April 23,
2001 .
Presented by me to the Mayor of the City of South Bend, Indiana
April 24, 20 01
City Clerk
President of Common Council
Approved and signed by me APRIL 24,
20 01 .
City Clerk
III
RESOLUTION NO. M U1_ I
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3801 VOORDE DRIVE
TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A SIX (, YEAR REAL
PROPERTY TAX ABATEMENT FOR
KOONTZ - WAGNER ELECTRIC 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 3801
Voorde Drive, South Bend, Indiana, and which is more particularly described as follows:
A portion of the Southeast Quarter of Section Thirty-three (33), Township Thirty -eight
(38) North, range Two (2) East, in and part of the City of South Bend, St. Joseph County,
Indiana.
and which has Key Number 18- 2184 - 693814, 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 pursuant to Section 2 -84 of the South Bend Municipal
Code finds the six (6) years is the appropriate and rational time period for this tax abatement in
light of the following:
1. The petitioner is an 80 year old South Bend based business, currently
employing 294 with an annual payroll in excess of $11,500,000.
2. The company completed an expansion of their facility in 2000 and has
already more than doubled the 10 new jobs promised in their previous
abatement granted in 1999.
3. The proximity of the previous project with this project is within two
years and the square footage of each project, when combined, exceed the
requirements for a 6 year abatement.
SECTION II. 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 Real property tax abatement only and is limited to two (2)
calendar years from the date of adoption of the Declaratory Resoiution by the Common
Council.
SECTION III. The Common Council hereby determines that the property owner is qualified
for and is granted Real property tax deduction for a period of six () 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 IV. This Resolution shall be in full force and effect from and after its adoption by
the Common Council and approved by the Mayor.
PRESENTED '�—Z,3"0J
NOT APPROVED
ADOPTED,
Member of the Common unctl
Filed In Clerk's Office
A�� 0 9 200
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