HomeMy WebLinkAboutDesignating Tax Abatement - Haldex Garphyttan Corp. 4404 Nimtz Parkway (5 Year Personal Property)RESOLUTION
NO. 2772 -99
Passed by the Common Council of the City of South Bend,
Attest
July 26, ,a 99
Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
July 27, 19 09
City Clerk
Approved and signed by me July 27, _ 19_99_.
Mayor
RESOLUTION NO.
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
,IITIU�uYW�7.�7�Ci.l:�
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
HALDEX GARPHYTTAN CORPORATION
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 4404 Nimtz Parkway, South Bend,
Indiana, and which is more particularly described as follows:
Lots 16 and 17 of the H. G. Baus Centre Industrial Park which are a part of:
The Southwest Quarter (1/4) of Section 21, Township 38 North, Range 2 East, excepting
therefrom the following two tracts:
Tract 1: Commencing at the Northwest comor of the Southwest 1/4 of Section 21,
Township 38 North, Range 2 East, thence in an Easterly direction along the North line of
said Quarter Section a distance of 650.41 feet to the point of beginning, thence continuing
along the said North line in an Easterly direction, on the arc of a circular curve to the
right of 0 °58'28.1 ", a distance of 983.65 feet to the East line of said Quarter Section;
thence in a Southerly direction along said East line a distance of 350.36 feet; thence in a
Northwesterly direction on the arc of a circular curve to the left of 01 °01'36.8" a distance
of 2148.26 feet to the point of beginning.
Tract 2: A part of the Southwest 1/4 of Section 21, Township 38 North, Range 2 East, St.
Joseph County, Indiana, described as follows: Beginning at the Northeast comor of said
Quarter Section; thence South 00 °52'00" East 424.89 feet along the East line of said
Quarter Section to the Northern Boundary of the Indiana East -West Toll Road; thence
along said Northern boundary northwesterly 989.03 feet along an arc to the left having a
radius of 5,879.58 feet and subtended by a long chord having a bearing of North
65'33'44" West and a length of 987.87 feet to the North line of said Quarter Section;
thence North 88 °57'48" East 893.08 feet along said North line to the point of beginning.
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.
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 1 -Zb -9 1
NOT APPROVED
ADOPTED 1 -Z` -q
Member of the Common Council
JUL 1 6 1999
Crrf CLEAN, So. BEUD, IN.