HomeMy WebLinkAboutConfirming Tax Abatement - South Bend Redevelopment on Behalf of Elumatec USA Inc. Lot 11 Toll Road Industrial Park (3 Year Real Property) (2)RESOLUTION
NO. 2412 -96
Passed by the Common Council of the City of South Bend, Indiana
October 14, 19 96
Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend,
October 15, 996
City Clerk
Approved and signed by mo (/L7�— / t 1 1(,-.
Mayor
RESOLUTION NO. Al )' /f0
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
LOT 11 - TOLL ROAD INDUSTRIAL PARK
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL
PROPERTY TAX ABATEMENT FOR
SOUTH BEND REDEVELOPMENT AUTHORITY ON BEHALF OF
ELUMATEC USA, INC.
WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a
Declaratory Resolution designating certain areas with the City as Economic
Revitalization Areas for the purpose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known as Lot 11 -
Toll Road Industrial Park 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.
with said real estate having the following Key No. 25- 1013 - 0211.08, 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 Real 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 Real property tax deduction for a period of three (3) 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 -12.1 et sea.
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.
)RESENTED 10 -1y -96
NOT APPROVED /�/
ADOPTED )0-' Iy- 6
Member of the Comrp n Council
Filed in Clerk's office
E1�E819
LORETTA J. DUDA
CRY CLERK. So. BEND. W.