HomeMy WebLinkAboutDesignating Tax Abatement - Parrish Machine, Inc. & Associates Leasing Inc. 3702 W. Progress Dr. (5 Year Personal Property)Attest:
RESOLUTION
NO. 2859 -00
Passed by the Common Council of the City of South Bend, Indiana
April 10,
2000
Presented by me to the Mayor of the City of South Bend, Indiana
April 11, 20 00
City Clerk
President of Common Council
Approved and signed by me April 11, 20 00 .
City Clerk
1T1.- ..
RESOLUTION NO. Z � S \-06
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN
THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3702 WEST PROGRESS DRIVE
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
PARRISH MACHINE, INC.
and
ASSOCIATES LEASING, INC.
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 3702 West Progress Drive,
South Bend, Indiana, and which is more particularly described as follows:
A parcel of land in the East half of Section Thirty-three (33), Township
Thirty -eight (38) North, Range Two (2) East, and part of the City of South Bend,
St. Joseph County, Indiana, more particularly described as follows:
Commencing at a brass plug at the center of Section Thirty -three (33), Township
Thirty-eight (38) North, Range Two (2) East; thence North Zero Degrees, Zero
Minutes, Zero Seconds East (N 0 degrees 00' 00" E) along the center line of said
Section Thirty -three (33) a distance of One Hundred Thirty-five and Eighteen
Hundredths (135.18) feet to the South line of Progress Drive, extended West;
thence South Eighty -nine Degrees, Forty Minutes, Nine Seconds East
(S 89 degrees 40' 09 "E) along said South line of Progress Drive a distance of
Four Hundred Forty and Zero Hundredths (440.00) feet to the point of beginning,
said point being the Northeast corner of a tract heretofore conveyed to Canteen
Corporation, Inc.; thence South Zero Degrees, Nineteen Minutes, Fifty -one Seconds
West (S 0 degrees 19' 51" W) a distance of Two Hundred Forty and Zero Hundredths
(240.00) feet; thence South Eighty-nine Degrees, Forth Minutes, Nine Seconds East
(S 89 degrees 40' 09" E) a distance of Four Hundred Twenty-nine and Eighty-seven
Hundredths (429.87) feet to a point on the West line of a tract heretofore conveyed to
Woodworth Storage and Transfer, Inc.; thence North Zero Degrees, Eighteen Minutes,
Fifty -one Seconds East (N 0 degrees 18' 51" E) a distance of Two Hundred Forty and
Forth -three Hundredths (240.43) feet to the South line of Progress Drive; thence North
Eighty-nine Degrees, Forty Minutes, Nine Seconds West (N 89 degrees 40' 09" W) a
Distance of Four Hundred Thirty and Zero Hundredths (430.00) feet to the point of
Beginning.
and which has Key Number 18 2184 693809 and 25 1006 0299, be designated as an
Economic Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 eg seq.,
and South Bend Municipal Code Sections 2 -76 et sea., 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 sew., and South Bend Municipal Code Sections
2 -76, et sea., 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
Qualifi es as an Economic Revitalization Area.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
South Bend, Indiana, as follows:
SECTION 1. The Common Council hereby determines and finds pursuant to Indiana
Code 6- 1.1- 12.1 -4.5 et se .,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 that will be employed or whose
employment will be retained by the Petitioner can reasonably be expected to result from
the proposed installation of new manufacturing equipment;
c. That the estimate of the annual salaries of those individuals that 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 II. 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 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 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 of the Common un
Flied �i2 Clark's Office
APR 0 5 2000
PRESENTED
NOT APPROVED
ADOPTED q ^1D-(