HomeMy WebLinkAboutConfriming Tax Abatement - Triangle Machine, Inc. 3702 W. Sample St. Suite 1125 (5 Year Personal Property)RESOLUTION
NO. 2583 -98
Passed by the Common Council of the City of South Bend, Indiana,
March 23, I9 98 .
Attest: ��� Pres
Presented by me to the Mayor of the City of South Bend, Indiana
March 25, 19 98 .
Clerk
of Common Council.
City Clerk
Approved and signed by me March 26 _ 1998 _
Mayor
RESOLUTION NO.5�3 -i�
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3702 W. Sample Street, Suite 1125
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
Triangle Machine, 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 3702 W. Sample
Street, Suite 1125 and which is more particularly described as follows:
Parcel of land, North West of North East Section 1637 2E. Containing 5.4021 2E acre or less
and which has Key Number 188112421507, 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 Il. 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 gt 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 31,23 -�b
NOT APPROVED
ADOPTED3,a3- %
H:\WPDATA\TAXABATE\RESOLUT\TMI2.WPD
Member of the Common Council
Filed in Clerk's Office
MAR - 3 1998
CRYCLERit. M SM. RL