HomeMy WebLinkAboutConfirming Tax Abatement - South Bend Form Tool Co Inc. 408 W. Indiana Ave. (5 Year Personal Property)RESOLUTION
NO. 2525 -97
Passed by the Common Council of the City of South Bend, Indiana,
November 24, 19 97
Attest:
Presented by me to the Mayor of the City of South Bend,
November 25, 19 97
Approved and signed by me
November 26,
Clerk
of Common Council.
19 97
Cify Clerk
Mayor
RESOLUTION NO. Z) &V
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
408 W Indiana Avenue.
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
South Bend Form Tool Co., 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 4085 Ralph Jones Dr.
and which is more particularly described as follows:
LOTS 55 &56 &57
STULLS 4`h
and which has Key Number 18 8027 1122, 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 H. 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 et sea.
SECTION M. This Resolution shall be in full force and effect from and after its adoption by the Common
Council and approved by the Mayor.
PRESENTED
NOT APPROVED
ADOPTED —ll-7
Member of the Common Council
Filed in Clerk's Office
0 C T 2 1 1991
LORETTAJ. OODA
CITY CLERK, 80. BEND, @L