HomeMy WebLinkAboutConfirming Tax Abatement - Raelyn Engineering Inc. 4550 S. Burnett Dr. (5 Year Personal Property)RESOLUTION
NO. 2260 -95
Passed by the Common Council of the City of South Bend, Indiana,
June 26
Attest: 4, x— r �°` City Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend. Indiana
June 27, 95
19
Approved and signed by me
C
Clerk
Mayor
RESOLUTION NO.--95
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
4550 S. Burnett Drive
South Bend, Indiana 46614
TO BE AN ECONOMIC REVITALIZATION AREA FOR THE PURPOSES
OF A (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
xaelyn Engineering, 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
4550 S. Burnett Drive, South Bend, Indiana, and which is more particularly
described as follows:
Lot Numbered Nine (9) as shown on the recorded Plat of Burnett
Industrial Park, Centre Township, recorded November 14, 1974 in
the Office of the Recorder of St. Joseph County, Indiana, in
Plat Book 278, page B.
with said real estate having the following Key No. 23- 1043 -3012 . 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 follows:
__ -. ` 7 = The Common Council hereby confirms its Declaratory Resolution
designating the areas 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 II. 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 sec.
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SECftft PI11YAM This Resolution shall be in full force and effect from and
after its adoption,by the Common Coun 'l and approval by the Mayor.
PRESENTED
NOT APPROVED ber of Common Council
ADOPTED