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Home My WebLink AboutDesignating Tax Abatement - Mossberg & Company Inc. 301 E. Sample St. (5 Year Personal Property)RESOLUTION NO. 2222 -95 Passed by the Common Council of the City of South Bend, Indiana Attest March 27, 19 95 Clerk Presented by me to the Mayor of the City of South Bend, Indiana u. VZWW wxqm of Common Council. /�� N� �✓ City Clerk Approved and signed by me j / 1975 IS Mayor On RESOLUTION NO. 0(2( ( %J A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 301 EAST SAMPLE STREET, SOUTH BEND, INDIANA AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR MOSSBERG & COMPANY, 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 301 East Sample Street, South Bend, Indiana, and which is more particularly described as follows: Lots Numbered Eleven (11), Twelve (12), Thirteen (13), Fourteen (14), Fifteen (15), Sixteen (16), Seventeen (17), Eighteen (18), Nineteen (19) and Twenty (20) as shown on the recorded plat of John C. Knoblock's Subdivision of Out Lot Thirty -nine (39) in Denniston & Fellows Addition to the Town, now City of South Bend, recorded March 28, 1902, in Plat Book 8, Page 69, together with the vacated East -West alley lying between Lots Numbered Fifteen (15) and Sixteen (16); excepting the South Forty (40) feet of Lots Numbered Nineteen (19) and Twenty (20) heretofore conveyed to the Civil City of South Bend, Indiana for street and roadway purposes. Also Lots Numbered Three (3), Four (4), Five (5), Six (6), Seven (7), Eight (8), Nine (9), Ten (10), Eleven (11) and Twelve (12) as shown on the recorded plat of William S. Anderson's Subdivision of Lot Numbered Forty (40) in Denniston and Fellows' Addition to the City of South Bend, in St. Joseph County, Indiana, together with the vacated East -West alley between Lots Numbered Nine (9), Ten (10), Eleven (11) and Twelve (12), on the North side, and Lots Numbered Three (3), Four (4), Five (5), Six (6), Seven (7) and Eight (8) on the South side, together with the vacated North -South alley lying between Lots Numbered Six (6) and Seven (7) and together with the vacated North -South alley lying between Lots Numbered Five (5) and Six (6); excepting the South Forty (40) feet of Lots Numbered Seven (7) and Eight (8). BUT EXCLUDING A parcel of land being part of lot 30 as shown on the recorded plat of Denniston and Fellows Addition and part of the East Half of the Southwest Quarter of Section 12, Township 37 North, Range 2 East, all in Portage Township, City of South Bend, St. Joseph County, Indiana, described as follows: Beginning at a point on the North line of Tutt Street, 22.23 feet South 89 °41'55" East (bearing assumed) from the Southwest corner of said Lot 30; thence South 89 °41'55" East along the North line of Tutt Street, 155.62 feet to a point 294.61 feet (295.09 feet, record) North 89 °41'55" West of the Southeast corner of said Lot 30, and being on the East line of the East side of an existing concrete block building; thence North 00 °33'35' East along said East line of said block building, 184.30 feet to the Southerly line of the Consolidated Railroad Corporation right -of -way; thence South 89 °58'00" West along said railroad southerly right -of -way line, 6.79 feet to an angle in said railroad right -of -way; thence North 57 °16'15" West along said railroad southerly right -of -way line, 128.09 feet; thence South 32 °43'45" West, 75.89 feet; thence South 00 °33'35" West, 188.90 feet to the point of beginning. and this property has Key Numbers 18- 3024 -0869, 18- 3022 -0827, 18 -3022- 082701, 18- 3224 -0897, 18- 3224-0898, 18- 3204 -0899 and 18- 3204 -0900, 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 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 671.1 - 12.1 -1, et 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 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 Il. 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. SECTION IV. The Common Council determines that such designation 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 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. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. SBDS02 EJS 63988 PRESENTED 3 ,�? -� - Cf� NOT APPROVED ADOPTED 3- �7 - l Q 5 3 Member of the Common Council 42� � tiA ury M'AP�4V F - 1tip p.'P� �IYSi:Y�ry'{1'u (= 4/lvl�w ♦� MY O (,-e,ZYJRI VM. �'= ki V. A