HomeMy WebLinkAboutDesignating Tax Abatement - Uniroyal Technology Corporation 2001 W. Washington St. (5 Year Personal Property)Attest
RESOLUTION
NO. 2615 -98
Passed by the Common Council of the City of South Bend, Indiana
April 27, 98
19
Attest:
Presented by me to the Mayor of the City of South Bend,
April 28,
Clerk
of Common Council.
City Clerk
Approved and signed by me April 29. _ 198_.
Mayor
RESOLUTION NO. a 054
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
2001 WEST WASHINGTON STREET
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
UNIROYAL TECHNOLOGY CORPORATION
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 2001 West Washington Street,
South Bend, Indiana, and which is more particularly described as follows:
1711RO i1
Lots Numbered 67, 68, 69, 70, 71, 72, 73, 74, 75, 76 and 77 as shown on the
recorded plat of Clement Studebaker's Oak Grove Subdivision in the City of South
Bend, recorded in Plat Book 7, page 4 in the Office of the Recorder of St. Joseph
County, Indiana.
EXCEPTION TO PARCEL I
A part of Lots Numbered 67 and 68 as shown on the recorded plat of Clements
Studebaker's Oak Grove Subdivision in the City of South Bend, which part is
bounded by a line running as follows: beginning at a point 35 feet West of the
Northeast corner of said Lot Numbered 67; thence running West 36 feet: thence
South to the South line of said Lot Numbered 68, thence East on said South line 36
feet; thence Noth to the place of beginning.
PARCEL II
Lots Numbered 1, 2, 3, 4, and 5 as shown on he recorded plat of Hosinski's
Subdivision of Lot Numbered 43 in College Grove Addition to the City of South
Bend, recorded April 6, 1920 in plat book 10, page 103 in the Office of the Recorder
of St. Joseph County, Indiana.
PARCEL III
Lots Numbered 28, 29, 30, 31, 32, 33, inclusive and Lots Numbered 44, 45, 46, 47
and 48 and Lots Lettered A as shown on the recorded plat of College Grove, an
addition to the Town Now City of South Bend.
PARCEL IV
The vacated Grant, Johnson and Brookfield Streets running from the North line of
Washington Avenue and the South line of Orange Street; also the vacated Colfax
Avenue running from the West line of Jackson Street to the West line of Lot 48 in
College Grove Addition extended North; also the vacated alley lying West and
adjacent to Lots 1, 2, 3 and 5 Hosinski's Subdivision.
PARCEL V
An easement from ingress and egress in, upon and over the following described real
estate: beginning at a point 4 1/2 feet West of the Northeast corner of Lot 30 in
College Grove Addition; thence North on a line parallel to the East line of Lot 30 a
distance of 10.00 feet; thence East on a line parallel with the North lines of Lot 29
and 30 a distance of 105.00 feet; thence South on a line parallel to the West lot line
of Lot 29 a distance of 10.00 feet to a point on the North line of Lot 29, said point
being 37.00 feet East of the Northwest corner of Lot 29; thence West on and along
the North line of Lot 29, extended across vacated Johnson Street, and the North line
of Lot 30, a distance of 105.00 feet to the point of beginning.
and which has Key Number 18- 2003 -0032, 18- 2020 -0590, 18- 2020 -0592, 18 -2020-
0596, 18- 2020 -0599, 18- 2020 -0591, 18- 2020 -0602, 18- 2020 -0605, 18- 2020 -0608, 18-
2020 -0611, 18- 2020 -0618, 18- 2020 -0619, 18- 2020 -0620, be designated as an
Economic Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et
sec., 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 seq., 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 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
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
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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 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.
22-6�ca&wv�
Member of the Common Council
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PRESENTED ` -2� - / 0
NOT APPROVED
ADOPTED