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HomeMy WebLinkAboutConfirming Tax Abatement - Total Enterprises, LTD 3333 W. Lathrop Dr. (5 Year Personal Property)Attest RESOLUTION NO. 2568 -98 Passed by the Common Council of the City of South Bend, Indiana March 12, 19 98 . Attest Presented by me to the Mayor of the City of South Bend, Indiana March 13, 19 98 . Clerk of Common Council. Approved and signed, by me March 16, _ 199_. Clerk Mayor RESOLUTION NO. cN HE A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3333 WEST LATHROP DRIVE, SOUTH BEND, INDIANA, TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR TOTAL ENTERPRISES, LTD. 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 3333 West Lathrop Drive, South Bend, Indiana, and which is more particularly described as follows: PARCELI: 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 trail 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 (3 8) North, Range Two (2) East, 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 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 -2- 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. with said real estate having Parcel Key No. 25 -1010 -0409, 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; and WHEREAS, the Council has received a completed Form SB -1 Statement of Benefits from Total Enterprises, Ltd. proposing installation of new manufacturing equipment; and WHEREAS, upon review of the Petitioner's Form SB -1 Statement of Benefits, the Council finds that (i) the estimate of the cost of the new manufacturing equipment is reasonable for equipment of the type described in the Statement of Benefits; (ii) the estimate of the number of individuals who will be employed or whose employment will be retained can reasonably be expected to result from the installation of new manufacturing equipment described in the Statement of Benefits; (iii) the estimate of annual salaries of those individuals who will be employed or whose employment will be retained can reasonably be expected to result from the proposed installation of new manufacturing equipment; (iv) other benefits about which information was requested are benefits which can reasonably be expected to result from the proposed installation of new manufacturing equipment; and (v) the totality of benefits to be derived from the proposed installation of new manufacturing equipment is sufficient to justify the deduction sought by the applicant. 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 -3- the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et seg. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. SBD= ICS 135231 PRESENTED J.1) -�e NOT APPROVED ADOPTED 3-Id qg Ge-� Corn Member of the Common Council 13 Filed ir, Clerk's Office FEB :1 8 1498 LONE" 7T.A J. DUDA CITY CLERK, 90. SEND, IN.