HomeMy WebLinkAboutReconfirming Tax Abatement - Exacto, Inc. 1137 S. Lafayette Blvd. (5 Year Personal Property)Attest:
RESOLUTION
3010 -01
Passed by the Common Council of the City of South Bend, Indiana
May 14, 01
20_.
Presented by me to the Mayor of the City of South Bend, Indiana
May 15, 20 01
City Clerk
President of Common Council
Approved and signed by me May 16. 20 Gi .
City Clerk
RESOLUTION NO. 3010 -01
A RESOLUTION RECONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1137 S. LAFAYETTE BOULEVARD
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
EXACTO, INC. OF SOUTH BEND
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 1137 S.
Lafayette Boulevard and which is more particularly described as follows:
BEGINNING AT THE SW CORNER OF LOT 7, STULL'S
EDITION; THENCE, N ALONG THE E RIGHT -OF -WAY OF AN
ALLEY A DISTANCE OF 336.06 FEET +OR- TO A POINT; SAID
POINT BEING THE NW CORNER OF THE S %2 OF LOT 64,
SOUTH BEND CITY EDITION; THENCE, E ALONG THE
NORTHERN BOUNDARY OF SAID 1/20F LOT 64 WHICH IS ON
THE WESTERN RIGHT -OF -WAY OF LAFAYETTE BLVD.;
THENCE, S A DISTANCE OF 275 FEET + OR - TO THE SE
CORNER OF LOT 6, STULL'S SECOND EDITION; THENCE, W
A DISTANCE OF 125 FEET TO A POINT; THENCE, S 66 FEET
TO A POINT; THENCE, W 40 FEET TO A POINT OF
BEGINNING. ALL BEING WITHIN THE CITY OF SOUTH
BEND, COUNTY OF ST. JOSEPH, STATE OF INDIANA
and which has Key Numbers 18 8006 0288,18 8002 0115,18 8006 0282,18 8006 028201, 18 8006
0285, 18 8006 028501, 18 8002 0116, as an Economic Revitalization Area: and
WHEREAS, notice ofthe 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 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; and
WHEREAS, the Council issued a Confirmatory Resolution confirming the adoption of the
Declaratory Resolution as Resolution No. 2760 -99 on July 12, 1999; and
WHEREAS, the Petitioner has requested an additional period oftime to complete acquisition
of the equipment for the planned project.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South
Bend, Indiana, as follows:
SECTION I. The Common Council hereby reconfirms its Declaratory Resolution and its
Confirmatory 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 three (3) 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. The Petitioner is hereby granted one (1) additional year for the Personal Property
abatement originally adopted on July 12, 1999.
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 S'�� f�S kw" o)
POT APPROVED cAVn4MxA
�DOPTED S"
Member of the Common Council
Filed in Clerk's Office
MA,V 1 � 2001
LORETTAJ. DUDA
WYCLERK, SO. BEND, Rd.
COMMITTEE REPORT
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
01 -50 A RESOLUTION RECONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1137 S. LAFAYETTE
BOULEVARD TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX
ABATEMENT FOR EXACTO, INC. OF SOUTH BEND
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 as amended as follows:
Section III becomes Section IV
Section III reads as follows: The Petitioner is hereby granted one (1) additional year for the
Personal Property abatement originally adopted on July 12, 1999.
Andrew Udjak
Chairman