HomeMy WebLinkAboutConfirming Tax Abatement - Koontz-Wagner electric Co Inc. 3300 W. Sample St. (5 Year Personal Property)Attest:
RESOLUTION
NO. 2838 -00
Passed by the Common Council of the City of South Bend, Indiana
February 14,
00
20_.
Presented by me to the Mayor of the City of South Bend, Indiana
February 16, 20 00
City Clerk
President of Common Council
Approved and signed by me
February 17,
W 11
City Clerk
M.
RESOLUTION NO. 1$ 3'g- Da
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3300 WEST SAMPLE STREET
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL 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 3300
West Sample Street and which is more particularly described as follows:
657.7 On Sample Street 900 NE NE & 4.49 AC NE SEC 16 -37 -2E Cont. 16.63 Acres +.
and which has Key Numberl8- 8112 -4211, 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 seq.
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 2, -k' 0�
NOT APPROVED
ADOPTED
Member of the Common C&mcli