HomeMy WebLinkAboutDesignating Tax Abatement - New Carbon Company Inc. 4101 William Richardson Dr. (5 Year Personal Property)Attest
RESOLUTION
NO. 2811 -99
Passed by the Common Council of the City of South Bend, Indiana
November 8, ,e 99
Attest
�1
Presented by me to the Mayor of the City of South Bend, Indiana
November 9, 19 99
Clerk
of Common Council.
City Clerk
Approved and signed by me November 91 _ 193__•
Mayor
RESOLUTION NO. Z
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
4101 WILLIAM RICHARDSON DRIVE
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
NEW CARBON COMPANY, 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 4101 William Richardson Drive, South Bend, Indiana, and which is
more particularly described as follows:
Lot numbered eight (8) as shown on the recorded Plat of West Cleveland Road Industrial Park,
Section One, recorded November 6, 1997 as Document Number 9746182 in the Office of the
Recorder of St. Joseph County, Indiana
and which has Key Number 25 -1013- 0207.02, be designated as an Economic Revitalization Area under
the provisions of Indiana Code 6 -1.1 -12.1 et seq., and South Bend Municipal Code Sections 2 -76 et seq.,
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 seq., and
South Bend Municipal Code Sections 2 -76, et seq., 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 qualifies as an
Economic Revitalization Area.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South
Bend, Indiana, as follows:
SECTION I. The Common Council hereby determines and finds pursuant to Indiana Code 6- 1.1 -12.1-
4.5 et seq., 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 property 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.
2
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.
PRESENTED I k-Y-AI
HOT APPROVED
kr�-.,�
RDOPTED -IA
of the Common Council
Filed In Clerk's Office
EM 0 s 1999
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