HomeMy WebLinkAboutDesignating Tax Abatement - Cherry Roller, Inc. 3702 W. Sample St. (5 Year Personal Property)Attest
RESOLUTION
NO. 2335 -96
Passed by the Common Council of the City of South Bend,
February 12,19 96.
Clerk
Attest; 611 z r President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
February 13, 19-9-6_.
City Clerk
Approved n_nd signed by me 19 q& .
Mayor
RESOLUTION NO. 335 16
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND
DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND
COMMONLY KNOWN AS
3702 W. SAMPLE STREET
SOUTH BEND, INDIANA 46619
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL
PROPERTY TAX ABATEMENT FOR
CHERRY ROLLER, 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 3702
W. Sample Street, South Bend, Indiana and which is more particularly described as follows:
That part of the Northeast quarter of Section 16, T. 37 N., R. 2E., City of South
Bend, St. Joseph County, which is described as: From the Northwest Corner of the
East half of the Northeast quarter of said Section measure South 90 deg. 00 min. 00
sec. West along the North line of said Section 630 ft. and South 00 deg. 02 min. 31
sec. E., 40.00 ft. and north 90 deg. 00 min, 00 sec. East 300.02 ft. (300.00 ft. Record)
and South 00 deg. 04 min. 00 sec. West, 579.33 ft. (S. 00 deg. 01 min. 52 sec. W.,
579.125 ft., Record) and north 89 deg. 25 min. 13 sec. East 13.64 ft. (North 89 deg.
59 min. 13 sec. East 13.745 ft., Record) and South 00 deg. 00 min. 38 sec. east
280.27 ft to the Point of Beginning of this description; thence South 89 deg. 55 min.
49 sec. West along the North line of Industrial Ave. (now vacated), 159.99 ft.; thence
South 00 deg. 03 min. 24 sec. West 400.60 ft.; thence South 89 deg. 55 min. 41 sec.
East along the Northerly line of the New Jersey, Indiana and Illinois Railroad, 289.00
ft., thence North 00 deg. 03 min., 24 sec. East, 363.03 ft. (N.00 deg. 01 min. 48 sec.
E. 364.55 ft., Record); thence North 89 deg. 56 min. 24 sec. West, 128.96 ft. (N. 89
deg. 55 min. 00 sec. 128.885 ft., Record) thence North 00 deg. 00 min. 38 Sec.
West, 36.00 ft. (n. 00 deg. 02 min. 16 sec. W Record) to the Point of Beginning.
Containing 2.5472 acres.
and this property had Key Number 180 811 242 1503, be designated as an Economic Revitalization
Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et sea.; 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 sea., and South Bend
Municipal Code Sections 2 -76 et sea., and has further prepared maps and plats showing the
boundaries and such other information regarding the area in question as required by law; and
1
WHEREAS, the Human Resources and Economic Development Committee of the Common Council
has reviewed said report and recommended to the Common Council that the are 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 granted under
Indiana Code 6 -1.1- 12.1 -4.5.
SECTION III. The 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.
K
SECTION IV. The Common Council determines that such designation is for personal property tax
abatement only and shall be limited to five (5) calendar years from the date of the adoption of this
Resolution by the Common Council.
SECTION V. 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 VI. This Resolution shall be in full force and effect from and after its adoption by the
Common Council and approval by the Mayor.
F: \DOCS \CLIENTS \CHERROLL.E C\F0RM.1
PRESENTED
NOT APPROVED /
ADOPTED o2, 1z --96
Member ofthe ommon Council
UN 2 4 1 3o
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