HomeMy WebLinkAboutConfirming Tax Abatement - Key Plastics, Inc. 3603 Progress Dr. (5 Year Personal Property)RESOLUTION
NO. 2627 -98
Passed by the Common Council of the City of South Bend, Indiana,
May 26,
%3
se, co,
Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
May 27, 98
19
Approved and signed by me
29,
City Clerk
Mayor
RESOLUTION NO. A)1-79
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3603 Progress Drive
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
Key Plastics, 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 3603
Progress Drive and which is more particularly described as follows:
4.73 AC BEG 195'N OF SE COR SW NE 4.73 AC SEC 33 -38 -2E
and which has Key Number 25- 1006 -0296, 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 5-2 (0'5g
NOT APPROVED
ADOPTED _5-2(0'9 D
Filed in Cleric's Ot>fict- Member of the Common Council
APR 2 1958
LORETTAJ. WDA
CITYCLERK, 80. BEND, IN.