HomeMy WebLinkAboutDesignating Tax Abatement - Design Packaging, Inc. Southeast Corner of Lafayette Blvd. & Bronson St. (5 Year Personal Property)Attest:
RESOLUTION
NO. 2238 -95
Passed by the Common Council of the City of South Bend, Indiana,
Attest
8, 19 95
Presented by me to the Mayor of the City of South Bend,
May 9, 95
19
Clerk
of Common Council.
City Clerk
Approved and signed by me ,t Au 199 5 .
Mayor
RESOLUTION NO. MV! 5
A RESOLUTION OF THE COMMON COUNCIL
OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA,
COMMONLY KNOWN AS THE SOUTHEAST CORNER
OF LAFAYETTE BLVD. AND BRONSON STREET
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES
OF PERSONAL PROPERTY TAX ABATEMENT FOR
DESIGN PACKAGING, INC.
WHEREAS, a petition for personal property tax abatement has
been filed with the Common Council of the City of South Bend,
requesting that the area commonly known as the southeast corner of
Lafayette Blvd. and Bronson Street, South Bend, Indiana, and which
is more particularly described as follows:
That part of the Southwest Quarter of Section 12,
Township 37 North, Range 2 East; Portage Township, City
of South Bend, St. Joseph County, Indiana which is
described as: Tract 2 of the Plat of "Studebaker
Corporation Replat" as Recorded in Plat Book 11, page
184 the records of the St. Joseph County, Indiana
Recorder's Office; thence South 890 48' 29" West along
the south line of said Tract and the north right -of way
line of Tutt Street, 172.63 feet (Record S. 890 50' 22"
West, 172.44 feet) to the West line of said Tract and the
east right -of -way line of Lafayette Blvd.; thence North
000 10' 4111 West along said right -of -way line, 765.22
feet (Record, North 000 12' 10" West, 764.97 feet) to the
North line of said Trace and the south right -of -way line
of Bronson Street; thence S. 890 10' 55" East along said
right -of -way line, 172.26 feet (Record, South 000 12' 29"
East, 172.38 feet) to the northeast corner of said Tract;
thence South 000 12' 29" East along the East line of said
Tract, 7262.18 feet (Record, South 000 12' 28" East,
764.35 feet) to the Point of Beginning.
Containing 3.0231 acres or 131,687 square feet.
and this property has Key Number 18- 3041 -1558, 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 § 2 -76 et.
seq., 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. seq., and South Bend Municipal Code §§ 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 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 find
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 Sections 1 through 3 of the Petition for Real 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.
SECTION IV. The Common Council determines that such designation
is for personal property tax abatement only and shall be limited to
OR
two (2) calendar years from the date of the adoption of this
Resolution by the Common Council.
SECTION V. The Common Council hereby determines that the
property owner is qualified for and is granted property tax
deduction for a period of five (5) years.
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
providing notice of the public hearing before the Common Council on
said declaration.
SECTION VII.
from and after
the Mayor.
PRESENTEE 5 p t
NOT APPROVED
ADOPTED- $r. 9r,
This Resolution shall be in full force and effect
its adoption by the Common Council and approval by
M b of the Common Council
Filed in Clews Office
APR 17
MMOANgON
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