HomeMy WebLinkAboutConfirming Tax Abatement - STI-K Polymers America Inc. 700 W. Chippewa (5 Year Personal Property)RESOLUTION
NO. 2262 -95
Passed by the Common Council of the City of South Bend, Indiana,
June 26,
Attest: °-I� /C- City Clerk
Presented by me to the Mayor of the City of South Bend, I
June 27, 95
19
of Common Council.
City Clerk
Approved and signed by me "' /�0 19
5
Mayor
RESOLUTION NO. cNQ 995
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
700 W. CHIPPEWA
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
STI -K POLYMERS AMERICA, INC.
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 700 W. Chippewa
and which is more particularly described as follows:
SE PT NW NE SO &EOFRR
EX 1.59 AC OFF NW OF NE
4.91 AC SEC 26 37 2E
with said real estate having the following Key No. 23 1013 0755, 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 follow:
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 11. 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 sea.
SECTION III. This Resolution shall be in full force and effect fro rll and after its a ption by the
Common Council and approval by the Mayor. //
PRESENTED
NOT APPROVED
ADOPTED b -)( S
Flied M CHerk's Office
I
IFIENEGAMMOtf