HomeMy WebLinkAboutConfirming Tax Abatement - O-T-D Corporation 3722 Foundation Ct. & 4207 Mayflower Rd (5 Year Personal Property)Attest
RESOLUTION
NO. 2329 -96
Passed by the Common Council of the City of South Bend, Indiana
January 8, 19 96
Presented by me to the Mayor of the City of South Bend,
Clerk
ident of Common Council.
City Clerk
Approved and signed by me 1c) 19 qI,>.
Mayor
RESOLUTION NO. 93 292
2�
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3722 Foundation Court
South Bend, Indiana, 46628
and
4207 Mayflower Road
South Bend, Indiana 46628
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A 5 YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
0-T -D CORPORATION
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 3722
Foundation Court and 4207 Mayflower Road, South Bend, Indian, 46628 and which
are more particularly described as follows:
5.72 acres, irregular tract South side Foundation Court beginning 318.73 feet East
and 528.34 feet North of South West corner South East quarter being lot 6 -5; Airport
Industrial Park, phase 3, Section 28- 38 -2E. and
Lot 1 Crossroads Industrial Complex Minor Subdivision (Inst. 8114750) being a
part of the Northwest Quarter of Section 20, Township 38 North, Range 2 East,
German Township, City of South Bend, St. Joseph County, Indiana.
with said real estate having the following Key NO.'s 25- 1010 - 040018 and 25 -1018-
061602, 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:
1
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 etsea.
SECTION III. The Resolution shall be in full force and effect from and after its
adoption by the Common Council and approved by the Mayor.
2
PRESENTED /- p 1
NOT APPROVED
ADOPTED I Yj -15(_
Member of the Com n Council
Rod
1�..:- ,F,.m.�,..n .
DEC 12 1995