HomeMy WebLinkAboutConfirming Tax Abatement - Dynamic Industries Inc. 4747 & 4775 Ameritech Dr. (5 Year Resonal Property)RESOLUTION
NO. 2769 -99
Passed by the Common Council of the City of South Bend,
July 26, ,o 99
Attest:
Presented by me to the Mayor of the City of South Bend, Indiana
July 27, 1999
Approved and signed by me July 27,
Clerk
of Common Council.
..
City Clerk
Mayor
RESOLUTION NO. Z ��
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
4747 and 4775 AMERITECH DRIVE
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
DYNAMIC INDUSTRIES, 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 4747 and 4775
Ameritech Drive and which is more particularly described as follows:
ADDRESS LEGAL DESCRIPTION KEY NUMBER
4747 Ameritech Dr, LOT 7 OF U.S. 31 INDUSTRIAL 25- 1016 - 0600.10
PARK SECTION ONE RECORDED AS
INSTRUMENT 9743763 IN THE OFFICE
OF THE ST. JOSEPH COUNTY
RECORDER, INDIANA
4775 Ameritech Dr, LOT 8 OF U.S. 31 INDUSTRIAL 25- 1016 - 0600.11
PARK SECTION TWO RECORDED AS
INSTRUMENT 9846535 IN THE OFFICE
OF THE ST. JOSEPH COUNTY
RECORDER, INDIANA
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 sea.
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 I
NOT APPROVED
ADOPTED
G
Member of the Common Council
Filed In Clerk's Office
J u L 0 7 1999
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