HomeMy WebLinkAboutDesignating Tax Abatement - Adapto-Indiana Inc. 4401 W. Cleveland Road Extension (5 Year Personal Property)Attest
RESOLUTION
NO. 2793 -99
Passed by the Common Council of the City of South Bend, Indiana
September 27,
Attest:
Presented by me to the Mayor of the City of South Bend,
September 27, 9 99
Clerk
of Common Council.
Approved and signed by me September 29,
..
City Clerk
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
4401 WEST CLEVELAND ROAD EXTENSION
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
ADAPTO- INDIANA, 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 4401 West Cleveland Road Extension,
South Bend, Indiana, and which is more particularly described as follows:
A part of the Northwest Quarter of Section 21, Township 38 North, Range 2 East described
as follows: Commencing at an iron pipe marking the North Quarter Section corner of said
Section 21; thence West, on the North line of said Section and the centerline of Brick Road,
1322.04 feet; thence South 530 feet; thence West, parallel with the North line of said
Section, 138.98 feet; thence South 445 feet, more or less to the place of beginning; thence
continuing South 1218 feet more or less to a point on the Northerly right of way line on the
new Cleveland Road; thence Westerly along said Northerly right of way 550.29 feet to the
Southeast corner of Trans Tech Properties Minor Subdivision, recorded as Document
Number 8614287; thence North 795.17 feet to the Northeast corner of said Subdivision;
thence West along the North line of said Plat 561.72 feet to the Northwest corner of said
Subdivision; thence North 260 feet, more or less; thence East to the place of beginning.
and this property had Key Number 25- 1013 - 020704, be designated as an Economic
Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et sea., 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 seq., and South Bend Municipal Code Sections 2 -76, gt 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
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 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 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 Ot -Z-1 - 9 I
NOT APPROVED
ADOPTED q -Z-I
Member of the Common Council
Filed In Clerk's Nice
SEP
LOBBTTA J. DUDA
0"CL"K, BO. BWD,1h,