HomeMy WebLinkAboutReconfirming Tax Abatement - Concrete & Asphaly Recycling, Inc. 2950 W. Lathrop Dr. (5 Year Personal Property)RESOLUTION
NO. 2276 -95
Passed by the Common Council of the City of South Bend, Indiana
August 14, _Iqi 95
Attest: `/' x— ` °�� City Clerk
Attest
Presented by me to the Mayor of the City of South Bend, Indiana
August 15,
Approved and signed by me
of Common Council.
95
9
City Clerk
Iq9�
RESOLUTION NO. 276-
A RESOLUTION CORRECTING CERTAIN PROCEDURAL
DEFICIENCIES AND RECONFIRMING THE ADOPTION OF
THE DECLARATORY RESOLUTION DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS
2950 West Lathrop Drive
South Bend, Indiana 46628
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
CONCRETE & ASPHALT RECYCLING
WHEREAS, the Common Council of the City of South Bend,
Indiana, adopted a Declaratory Resolution, being Resolution Number
1928 -92, designating the area commonly known as 2950 West Lathrop
Street and which is more particularly described as follows:
Five ( 5 ) acres more or less, located in the
northwest quarter of the northwest quarter of
Section 34, Township 38 North, Range 2 East,
which is approximately 100 acres, in St.
Joseph County, State of Indiana, commonly
known as 2950 Lathrop, South Bend, Indiana,
with said real estate having the following Key Number: 19 -2109-
4960, as an Economic Revitalization Area for the purpose of tax
abatement consideration; and
WHEREAS, after due publication of notice thereof, the
Council held a public hearing for the purposes of hearing all
remonstrances and objections from interested persons; and
WHEREAS, the Council determined that the qualifications
for an economic revitalization area were met; and
WHEREAS, the Council adopted a resolution confirming the
adoption of a Declaratory Resolution, being Resolution Number 1932-
92; and
WHEREAS, the taxpayer, Concrete & Asphalt Recycling,
Inc., did install new manufacturing equipment known as an Eagle
Jumbo 1400 Close Circuit Portable Crushing Machine on March 6,
1992, and due to certain procedure irregularities, tax abatement
with respect to such manufacturing equipment was subsequently
denied by the Indiana State Board of Tax Commissioners; and
WHEREAS, Senate Enrolled Act Number 313, which became
effective July 1, 1995, authorizes the Council to correct various
procedural deficiencies and to provide the taxpayer with the
intended tax abatement as contemplated by the aforementioned
earlier resolutions of this Council.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of
the City of South Bend, Indiana, as follows:
SECTION I. The Common Council hereby reconfirms 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 March 1, 1992.
Specifically, such designation is intended to apply to the Eagle
Jumbo 1400 Close Circuit Portable Crushing Machine installed by
Concrete & Asphalt Recycling, Inc. on or about March 6, 1992.
SECTION II. The Common Council hereby determines that the property
owner is qualified for and is granted personal property tax
deductions 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 sue.
SECTION III. This Resolution shall be in full force and effect
from and after its adoption by the Common Council and approval by
the Mayor, and is intended to benefit the taxpayer, Concrete &
Asphalt Recycling, Inc. retroactively.
2.
PRESENTED -ly 9S
NOT APPROVED
ADOPTED
Menv4rcommon Council
Filed in Clerk's Off{ce
JUL 18 M5
IRENEGAMMON
C1TYCLEPK,S0.®EW0,W