Loading...
HomeMy WebLinkAboutDesignating Tax Abatement - Total Enterprises LTD 3333 W. Lathrop Dr. (5 Year Personal Property)Attest RESOLUTION NO. 2564 -98 Passed by the Common Council of the City of South Bend, Indiana, February 23, 19 98 Attest: Clerk President of Common Council. Presented by me to the Mayor of the City of South Bend, Indiana February 24, 9 98 Approved and signed by mew/`' �"`— 19 9� City Clerk Mayor RESOLUTION NO. _21q " 9S A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 3333 WEST LATHROP DRIVE SOUTH BEND, INDIANA AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR TOTAL ENTERPRISES, LTD. WHEREAS, a petition for personal property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 3333 West Lathrop Drive, South Bend, Indiana, and which is more particularly described as follows: PARCEL I: A tract of land in the Southeast Quarter of Section Twenty-eight (28), Township Thirty -Eight (38) North, Range Two (2) East, German Township, St. Joseph County, Indiana, described as follows: Commencing at the Southeast comer of said Section Twenty-eight (28); thence South 90 degrees 00 minutes 00 seconds West on and along the South line of said Section Twenty -Eight (28), said line being also the center line of Lathrop Street (formerly Douglas Road) a distance of 990.00 feet; thence North 0 degrees 10 minutes 55 seconds East a distance of 20.00 feet to the North line of Lathrop Street (formerly Douglas Road) and the true place of beginning; thence continuing on a bearing of North 0 degrees 10 minutes 55 seconds East a distance of 620 feet; thence North 90 degrees 00 minutes 00 seconds East a distance of 447.97 feet; thence South 00 degrees 00 minutes 00 seconds West a distance of 620 feet to the North line of Lathrop Street (formerly Douglas Road); thence South 90 degrees 00 minutes 00 seconds West on and along the North line of said Lathrop Street (formerly Douglas Road) a distance of 449.94 feet to the place of beginning, EXCEPTING THEREFROM a tract of land in the Southeast Quarter of Section Twenty-eight (28), Township Thirty -eight (38) North, Range Two (2) East, German Township, St. Joseph County, Indiana, described as follows: Beginning at the Southeast corner of said Section Twenty-eight (28); thence Westerly on and along the South line of said Section Twenty-eight (28); said line also being the center line of Lathrop Street, a distance of 540.00 feet; thence North 00 degrees 00 minutes 00 seconds East a distance of 20.00 feet to the true place of beginning, said point also being on the existing North right -of -way of Lathrop Street; thence South 90 degrees 00 minutes 00 seconds West a distance of 449.94 feet; thence North 00 degrees 10 minutes 55 seconds East a distance of 20.00 feet; thence North 90 degrees 00 minutes 00 seconds East a distance of 449.88 feet, thence South 00 degrees 00 minutes 00 seconds West a distance of 20.00 feet to the place of beginning. Subject to legal highways. PARCEL II: A part of the Southeast Quarter of Section Twenty -eight (28), Township Thirty -eight (38) North, Range Two (2) East, German Township, St. Joseph County, Indiana, described as follows: Commencing at the Southeast corner of said Section; thence North 90 degrees 00 minutes 00 seconds West 540.00 feet along the South line of said Section; thence North 0 degrees 00 minutes 00 seconds West 640.00 feet to the point of beginning of this description; thence South 90 degrees 00 minutes 00 seconds West 447.97 feet; thence North 0 degrees 10 minutes 55 seconds East 151.26 feet; thence Southeasterly 34.57 feet along an arc to the left having a radius of 480.00 feet and subtended by a long chord having a bearing of South 87 degrees 58 minutes 20 seconds East and a length of 34.56 feet; thence South 90 degrees 00 minutes 00 seconds East 412.96 feet; thence South 0 degrees 00 minutes 00 seconds West 150.03 feet to the point of beginning. Subject to legal highways. PARCEL III: A part of the Southeast Quarter of Section Twenty -eight (28), Township Thirty -eight (38) North, Range Two (2) East, St. Joseph County, Indiana, described as follows: Commencing at the Southeast comer of said Section; thence North 90 degrees 00 minutes 00 seconds West 540.00 feet along the South line of said Section; thence North 00 degrees 00 minutes 00 seconds West 40.00 feet to the point of beginning of this description; thence North 00 degrees 00 minutes 00 seconds West 750.03 feet; thence North 90 degrees 00 minutes 00 seconds East 44.05 feet; thence Easterly 25.96 feet along an arc to the right having a radius of 506.47 feet and subtended by a long chord having a bearing of South 88 degrees 31 minutes 54 seconds East and a length of 25.96 feet; thence South 00 degrees 00 minutes 00 seconds West 749.36 feet; thence North 90 degrees 00 minutes 00 seconds West 70.00 feet to the point of beginning. Subject to legal highways. -2- and this property has Key Number 25 -1010 -0409, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et seq., and South Bend Municipal Code Sections 2 -76 et sue.; and WHEREAS, the Common Council has received a completed Form SB -1 Statement of Benefits from Total Enterprises, Ltd. proposing installation of the new manufacturing equipment; and WHEREAS, the Department of 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 -1, et s�Mc., and South Bend Municipal Code Sections 2 -76 et ss ., 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 Human Resources 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 L Upon review of the aforementioned Form SB -1 Statement of Benefits, the Common Council hereby determines and finds pursuant to Indiana Code 6 -1.1- 12.1 -4.5, that: (a) the estimate of the cost of the new manufacturing equipment is reasonable for equipment of that type; (b) the estimate of the number of individuals who 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; (c) the estimate of the annual salaries of those individuals who will be employed or whose employment will be retained 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 installation of new manufacturing equipment; and (e) the totality of benefits to be derived from the proposed installation of new manufacturing equipment 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 ofBenefits as set forth in Section 1 through 3 of the Petition for Personal Property Tax Abatement -3- 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 Economic Development, and the Human Resources and Economic Development Committee's favorable recommendation, that the area herein described be designated as 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 to be published pursuant to Indiana Code 5 -3 -1, said publication providing notice of the public hearing before the Common Council on 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. SBDM JCS 135M PRESENTED � -)3.9 9 NOT APPROVED ADOPTED � -23 -% me Member ofthe Common Council Filed it Clerk's Office FEB 1 B 198 LOAe Y!'k J. DDDA CITY CLERK, *3C. BEND, IN.