HomeMy WebLinkAboutDesignating Tax Abatement - South Bend Redevelopment on Behalf of Elumatec USA Inc. Lot 11 Toll Road Industrial Park (3 Year Real Property)RESOLUTION
NO. 2408 -96
Passed by the Common Council of the City of South Bend, Indiana,
September 23, 19 96
Attest:
Presented by me to the Mayor of the City of South Bend, Indiana
September 24, 19 96
Clerk
of Common Council.
City Clerk
Approved and signed by me J�L�� -O�'✓r �P� �s 19 /�.
Mayor
RESOLUTION NO. 2/09/ lb
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 LOT 11 - TOLL ROAD INDUSTRIAL PARK. AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY
TAX ABATEMENT FOR
SOUTH BEND REDEVEDOPMENT AUTHORITY ON BEHALF OF
ELUMATEC USA, INC.
WHEREAS, a petition for real property tax abatement 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 Lot 11 - Toll Road Industrial Park, South Bend,
Indiana, and which is more particularly described as follows:
A parcel of land in the northeast quarter of Section 21, Township 38 North, Range 2
East, German Township, St. Joseph County, Indiana, and described as being Lot 11 of
Toll Road Industrial Park - Section 6, as recorded under instrument number 8908570,
dated April 7, 1989, at the office of the recorder, St. Joseph county, Indiana, and
containing 3.7178 acres, more or less, and is subject to all easements, restrictions and
or covenants of record.
and which has Key Number 25- 1013 - 0211.08, be designated as an Economic
Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 at sea. and
South Bend Municipal Code Sections 2 -76 at seq., 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, at seq., and South Bend Municipal Code Sections 2 -76, et seq., 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 I. The Common Council hereby determines and finds that the Petition for
Real Property Tax Abatement and the Statement of Benefits form completed by the
Petitioner meet the requirements of Indiana Code 6 -1.1- 12.1 -1 at seq., and qualifies
under the relevant provisions of South Bend Municipal Code Sections 2 -76 et seq., for
tax abatement.
SECTION II. The Common Council hereby determines and finds the following:
A. That the description of the proposed redevelopment or rehabilitation meets
the applicable standards for such development.
B. That the estimate of the value of the redevelopment or rehabilitation is
reasonable for projects of this nature;
C. That the estimate of the number of individuals who will be employed or
whose employment will be retained by the Petitioner can reasonably be
expected to result from the proposed described redevelopment or rehabilitation;
D. That the estimate of the annual salaries of those individuals who will be
employed or whose employment will be retained by the Petitioner can be
reasonably expected to result from the proposed redevelopment of
rehabilitation;
E. That the other benefits about which information was requested are benefits
that can be reasonably expected to result from the proposed described
redevelopment or rehabilitation; and
F. That the totality of benefits is sufficient to justify the requested deduction, all
of which satisfy the requirements of Indiana Code 6 -1.1- 12.1 -3.
SECTION III. The Common Council hereby determines and finds that the proposed
described redevelopment or rehabilitation can be reasonably expected to yield benefits
identified in the Statement of Benefits set forth as Section I through II of the Petition for
Real Property Tax Abatement Consideration and that the Statement of Benefits form
prescribed by the State Board of Accounts are sufficient to justify the deduction granted
under Indiana Code 6 -1.1- 12.1 -3.
SECTION IV. The Common Council hereby accepts the report and recommendation of
the Human Resources and Economic Development Committee that the area herein
described be designated an Economic Revitalization Area and hereby adopts a
Resolution designating this area as an Economic Revitalization Area and hereby
adopts a Resolution designating this area as an Economic Revitalization Area for
purposes of real property tax abatement.
SECTION V. The designation as an Economic Revitalization Area shall be limited to
two (2) calendar years from the date of the adoption of this Resolution by the Common
Council.
SECTION VI. The Common Council hereby determines that the property owner is
qualified for and is granted property tax deduction for a period of three (3) years.
SECTION VII. The Common Council directs the City Clerk to cause notice of the
adoption of this Declaratory Resolution for Real Property Tax Abatement to be
published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said
publication providing notice of the public hearing before the Common Council on the
proposed confirming of said declaration.
SECTION VIII. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approval by the Mayor.
PRESENTED
NOT APPROVED
ADOPTED q -23 -94
Member of the Common Council
Filed in Clerk's Office
LOPETTA9J0 W1D�' IN.
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