HomeMy WebLinkAboutConfirming Tax Abatement - Alliedsignal, Inc. 3520 Westmoor St. (5 Year Personal Property)Attest
RESOLUTION
NO. 2449 -97
Passed by the Common Council of the City of South Bend. Indiana
April 14, 97
Clerk
Attest: � C� E' _President of Common Council.
Presented by me to the Mayor of the City of South Bend,
April 15, 19 97
City Clerk
Approved and signed by me April 16, _ 19 97 _.
Mayor
RESOLUTION NO. o9,271yq- -/ 7
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3520 WESTMOOR STREET
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
ALLIEDSIGNAL, 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 3520
Westmoor Street and which is more particularly described as follows:
NESE 4 37 2E TRACT 2, CONT 39.32 AC
and which has Key Number 18- 2193 -7255, 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 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 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 III. This Resolution shall be in full force and effect from and after its adoption
by the Common Council and approved by the Mayor.
H:\H OME\NMEITZINIWP\TAXABATEWBATES97W .UED2.RES
PRESENTED /./-/I/ - Cl 7
NOT APPROVED
ADOPTED Ll - ItJ- T7 tq 5 6 i) I
Member of the Common Co ncil
Filed in Clerk's Office
APR 1 5 1997
LORETTA J. DUOk
CRY CLERK, BO. BEND. IN.