HomeMy WebLinkAboutDesignating Tax Abatement - Precision Millwork & Plastics Inc. 3601 McGill (Personal Property)RESOLUTION
NO. 2307 -95
Passed by the Common Council of the City of South Bend, Indiana,
November 27, 19 � 95
Attest: /(- ' " "�" City Clerk
Presented by me to the Mayor of the City of South Bend,
November 28, 95
19
of Common Council.
City Clerk
Approved and signed by me �J�iti���Iv ` 19 '197
L,
Mayor
RESOLUTION NO. 207-
- ICJ
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS
3601 MCGILL
AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A PERSONAL PROPERTY TAX ABATEMENT FOR
PRECISION MILLWORK & PLASTICS, INC.
WHEREAS, a petition for personal property tax abatement
consideration has been filed with the Common Council of the City of
South Bend, requesting that the area commonly known as 3601 McGill,
South Bend, Indiana, and which is more particularly described as
follows:
A part of the NE 1/4 of Section 28, Township 38 North,
Range 2 East, City of South Bend, St. Joseph County,
Indiana, described as follows:
Commencing at the northeast corner of Section 28; thence
South 89048'05" West along the north line of said quarter
section a distance of 1305.00 feet; thence South 0000'23"
West along the centerline of Kenmore Street a distance of
363.70 feet; thence South 9059137" East along said
centerline a distance of 486.87 feet to the centerline
intersection of Kenmore Street with McGill Street; thence
South 80000123" West along the centerline of McGill
Street a distance of 303.50 feet; thence North 89059'37"
West along said centerline a distance of 270.66 feet;
thence North 0000123" East a distance of 35.00 feet to
the north right -of -way boundary of said McGill Street and
the point of beginning; thence North 0000123" East a
distance of 366.65 feet; thence North 89048136" East a
distance of 260.00 feet; thence South 0000123" West a
distance of 361.04 feet to the north boundary of said
McGill Street; thence Southwesterly along said boundary
156.61 feet along an arc to the right having a radius of
1874.86 feet and subtended by a long chord having a
bearing of South 89048136" West and a length of 156.43
feet; thence North 89059'37" of beginning and containing
2.172 acres, more or less.
Above tract of land is encumbered by an easement
described as follows:
1. An easement for wastewater and stormwater systems
located into, under, upon, over and across a strip
of land 12.5 feet in width with its north boundary
being the north boundary of the above - described
tract of land.
and this property has Key Number 25- 1010 - 038514, be designated as
an Economic Revitalization Area under the provisions of Indiana
Code 6 -1.1- 12.1 -1 et sue., and South Bend Municipal Code Sections
2 -76 et sec.; 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, et
sue., 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 pursuant
to Indiana Code 6 -1.1- 12.1 -4.5, that:
(a) the estimate of the cost of the new manufacturing
equipment is reasonable for equipment of that type;
(b) the estimate of the number of individuals that will
be employed or whose employment will be retained by the
Petitioner can be reasonably expected to result from the
proposed installation of new manufacturing equipment;
(c) the estimate of the annual salaries of those
individuals who will be employed or whose employment will
be retained can be reasonably expected to result from the
proposed installation of new equipment;
(d) any other benefits about which information was
requested are benefits that can be reasonably expected to
result from the proposed installation of new
manufacturing equipment; and
(e) the totality of benefits is sufficient to justify the
deduction requested.
SECTION II. The Common Council hereby determines and finds that
the proposed new manufacturing equipment can be reasonably expected
to yield the benefits identified in the Statement of Benefits as
set forth in Section 1 through 3 of the Petition for Personal
Property Tax Abatement Consideration and that the Statement of
Benefits Form completed by the Petitioner, said form being
prescribed by the State Board of Accounts, are sufficient to
justify the deduction grated under Indiana Code 6 -1.1- 12.1 -4.5.
SECTION III. This Common Council hereby accepts the report and
recommendation of the Department of Economic Development, and the
Human Resources and Economic Development Committee's favorable
recommendation, that the area herein described be designated as
Economic Revitalization Area for purposes of personal property tax
abatement and hereby makes such a designation.
SECTION IV. The Common Council determines that such designation is
for personal property tax abatement only and shall be limited to
two (2) calendar years from the date of the adoption of this
Resolution by the Common Council.
SECTION V. The Common Council hereby determines that the property
owner is qualified for and is granted property tax deduction for a
period of five (5) years.
SECTION VI. The Common Council directs the City Clerk to cause
notice of the adoption of this Declaratory Resolution to be
published pursuant to Indiana Code 5 -3 -1, said publication
providing notice of the public hearing before the Common Council on
said declaration.
SECTION VII.
from and after
the Mayor.
PRESENTED I' _
NOT APPROVED
ADOPTED'
This Resolution shall be in full force and effect
its adoption by the Common Council and approval by
Memb of t t Common C o `P irs®ffice
2 EN V 14 t995
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