HomeMy WebLinkAboutConfirming Tax Abatement - Lock Joint Tube Inc. Large Diameter Tube Mill Project 1215 S. Walnut St. (5 Year Personal Property)Attest:
RESOLUTION
NO. 2328 -96
Passed by the Common Council of the City of South Bend, Indiana
Attest
January 8,
, l
Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend, India
January 9, —p996
City Clerk
Approved and signed by me c &Vw9a f?' �0 19 Q (O .
Mayor
RESOLUTION NO. CZD,06
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1215 SOUTH WALNUT STREET
SOUTH BEND, INDIANA 46619
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
LOCK JOINT TUBE INC. LARGE DIAMETER TUBE MILL PROJECT
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 1215 South
Walnut Street, South Bend, Indiana 46619 and which is more particularly described as
follows:
Pt. NW 1/4 Sec 14 & NE 1/4 Sec 15 -37 -2E Beg 932.75' South of SW
Corner of Sample and Walnut
with said real estate having the following Key No. 18- 8021- 0845.04, 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 -12.1 et sec
SECTION III. This Resolution shall be in full force and effect from and after its adoption
by the Common Council and approZgLJ2y the Mayor.
PRESENTED /- 8-2-6
NOT APPROVED
ADOPTED /- 9 - 96
Member of the Common
1
Filed In Clerk's Once
DEC ^ 6 1915
IRENEt&AMMON
CITVCLER9i30.9E10, IW