HomeMy WebLinkAboutDesignating Tax Abatement - Syscon International Inc. 1108 S. High St. (5 Year Personal Property)Attest
RESOLUTION
NO. 2630 -98
Passed by the Common Council of the City of South Bend. Indiana
June 8, 98
19
Clerk
Attest
Presented by me to the Mayor of the City of South Bend. Indiana
June 9, 98
19
of Common Council.
Approved and signed by me Tune `9 _ 19gg_.
Clerk
Mayor
RESOLUTION NO. o2%36' lg
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
1108 S. High Street
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
Syscon International, 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 1108 S. High Street, South
Bend, Indiana, and which is more particularly described as follows:
PARCEL I: A part of the Northeast Quarter of Section 13, Township 37 North,
Range 2 East, in the City of South Bend, Indiana, which part is bounded by a line
running as follows, viz: Beginning at a point where the East line of High Street in
Martin L. Wenger's Third Addition to the City of South Bend intersects the South
boundary line of the right -of -way of the New York Central Railway Company
(formerly the Lake Shore and Michigan Southern Railway Company); thence running
due South on the East line of High Street (312.36) feet; thence North (89) degrees
(38) minutes East (96.75) feet; thence North parallel to the East line of High Street
(7) feet (3 -1/2) inches; thence North (89) degrees (38) minutes East a distance of
(110.16) feet to the Westerly line of a wall; thence North (42) feet along the Westerly
line of said wall; thence West (0.9) feet along the South line of a wall; thence North
(83.3) feet along the West line of a wall; thence East (0.9) feet along the North line
of a wall; thence North along West line of a wall and its projection to the
Northeasterly boundary (25.37) feet and which point is (209.35) feet due East of the
East line of High Street; thence Northwesterly (158.92) feet to a point on the South
boundary line of the New York Central Railroad Company; thence Norhtwesterly
along said South Boundary (99.86) feet, more or less, to the place of beginning.
Also, a permanent nonexclusive easement for egress and ingress described as follows:
Beginning at a point on the East line of High Street which is (312.36) feet South of
the intersection of the East line of High Street and the Southerly right -of -way line of
the New York Central Railroad in the City of South Bend, Indiana; thence North (89)
degrees and (38) minutes East, a distance of (96.75) feet; thence South (16) feet;
thence South (89) degrees and (38) minutes West, a distance of (96.75) feet, to the
East line of High Street; thence North along the East line of High Street (16) feet to
the place of beginning.
and which has Key Number 18- 7017 -0724, be designated as an Economic Revitalization Area
under the provisions of Indiana Code 6 -1.1 -12.1 gt 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 se ., and South Bend Municipal Code Sections 2 -76, et 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 q., 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
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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.
Member of the Common Council
Filed in Clerk's Office
MAY 2 9 t998
LORETFAJ. DUDA
CITYCLERK, 80. BEND, IN.
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