HomeMy WebLinkAboutDesignating Tax Abatement - Container Service Corp. 2811 N. Viridian Dr. (5 Year Personal Property)RESOLUTION
NO. 2264 -95
Passed by the Common Council of the City of South Bend,
Attest:
June
%-
26
Presented by me to the Mayor of the City of South Bend, Indian
June 27, 95
19
/C' 2
Clerk
of Common Council.
Approved and signed by me �/ s 19��
City Clerk
Z.14 — — Mayor
RESOLUTION NO. o %q-9,5
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS
2811 N. VIRIDIAN DR.
SOUTH BEND, IN 46628
AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR
CONTAINER SERVICE CORPORATION
WHEREAS, a petition for personal property tax abatement consider-
ation has been filed with the Common Council of the City of South
Bend, requesting that the area commonly known as 2811 N. Viridian
Dr., South Bend, Indiana, and which is more particularly de-
scribed as follows:
PT SE SEC 28 -38 -2E BEG
1582.51' W NE COR S 375 W
709.63' N 375' E 711.9'
TO POB 6.12 ACS
and this property has Key Number 25- 1010 - 040022, be designated as
an Economic Revitalization Area under the provisions of INDIANA
CODE 6 -1.1- 12.1 -1 et seq., and South Bend Municipal Code Sections
2 -76 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 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 Revi-
talization Area.
1
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City
of South Bend, Indiana, as follows:
SECTION 1. The Common Council hereby determines and finds pursu-
ant 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 employ-
ment 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 ex-
pected 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 ex-
pected 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 State-
ment 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.
SECTION IV. The Common Council determines that such designation
2
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
ty owner is qualified for and
for a period of five (5) years.
hereby determines that the proper -
is granted property tax deduction
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 pro-
viding notice of the public hearing before the Common Council on
said declaration.
SECTION VII.
from and after
the Mayor.
PRESENTED
NOT APPROVED //
ADOPTED � - 06n- C
This Resolution shall be in full force and effect
its adoption by the Common Council and approval by
Memb a Common Council
Red In C6erk&s Office
LJU-.7 1995
IRENEGAMAW
CITYCLERK,$G. SEND, 1%