HomeMy WebLinkAboutDesignating Tax Abatement - South Bend Brewery 337 N. Niles Ave. (5 Year Personal Property)RESOLUTION
N0. 2669 -98
Passed by the Common Council of the City of South Bend, Indiana,_
August 24, 19 98
Presented by me to the Mayor of the City of South Bend, Indiana
August 26, 19 98.
Clerk
ident of Common Council.
Approved and signed by me August 27,
City Clerk
Mayor
RESOLUTION NO. 6A99
9
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
337 N. Niles Avenue
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
SOUTH BEND BREWERY
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 337 N. Niles Avenue, South
Bend, Indiana, and which is more particularly described as follows:
Tract of Land beginning 132.91' W of NW corner of Madison and Niles and being
part of lots 13, 15, and 16, and part of N/S vac alley cottrells 2nd to Lowell cont.
145ac +-
and which has Key Number 185022076306, 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 SeMc ., and South Bend Municipal Code Sections 2 -76, et se g.,
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 sea., 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
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
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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.
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PRESENTED � �2y / 8
NOT APPROVED �j�
ADOPTED 8' �'7 f 0 �"� AM eNbCry
sewyy
Member of the Common Council
Filed in Cierk`e Office
EUG � 1998
3
LCREWA J. WiM
CITY CLERK, 94. SEND,