HomeMy WebLinkAboutDesignating Tax Abatement - General Machine & Saw Co. of Indiana 3636 Gagnon Rd. (5 Year Personal Property)RESOLUTION
NO. 2218 -95
Passed by the Common Council of the City of South Bend, Indiana,
February 27, 19 95 ,
Attest: �F'n ^^ '^ City Clerk
r_
President of Common Council.
Presented by me to the Mayor of the City of South Bend,
•.
4°' City Clerk
Approved and signed by me a 19/�
G- �c -'�'^- Mayor
RESOLUTION NO. Z/ -
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS
3636 GAGNON ROAD
AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR
GENERAL MACHINE & SAW COMPANY OF INDIANA
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 3636
Gagnon Road, South Bend, Indiana, and which is more particularly
described as follows:
A part of the northeast quarter of section 28, township 38 north,
range 2 east, City of South Bend, Indiana and described as
follows:
Commencing at the southeast corner of the northeast quarter of
said section 28 said point being at the intersection of the
centerlines of Boland and Bendix Drives, thence south 89.58156"
west (bearing assumed) along the south line of the northeast
quarter of said section 28 (being along the centerline of Boland
Drive) 1150.09 feet to a point at the intersection of Boland
Drive with centerline of Kenmore Street; thence north 00.00123"
east along the said centerline of Kenmore Street, 579.86 feet;
thence north 89.59137" west, 640.00 feet to the point of the
beginning; thence south 89.59156" west, 424.01 feet; thence north
00.02145" east, 784.81 feet; thence south 89.59137" east, 423.47
feet; thence south 00.00'23" west, 784.63 feet to the point of
the beginning and containing 7.634 acres more or less and is
subject to easements, restrictions and or covenants of record.
A part of the northeast quarter of section 28, township 38 north,
range 2 east, City of South Bend, Indiana and described as
follows:
Commencing at the southeast corner of the northeast quarter of
said section 28 said point being at the intersection of the
centerline of Boland and Bendix Drives, thence south 89 58156"
west (bearing assumed) along the south line of the northeast
quarter of said section 28 (being along the centerline of Boland
Drive) 1150.09 feet to a point at the intersection of Boland
Drive with Centerline of Kenmore Street; thence north 00 00123"
east along the said centerline of Kenmore Street, 579.86 feet;
thence north 89 59137" west 640 feet; thence south 89 58'56" west
424.01 feet to the point of beginning; thence continuing south
89 58156" west, 100.00 feet; thence north 00 02145" east, 784.85
feet; thence south 89 59137" east, 100.00 thence north 00 02145"
east, 784.85 feet thence south 89 59137" east, 100.00 thence
south 00 02145" west, 784.81 feet to the point of beginning and
containing 1.802 acres more or less and is subject to
restrictions and or covenants of record.
and this property has Key Number 25 -1010- 038507, be designated as
an Economic Revitalization Area under the provisions of Indiana
Code 6- 1.1- 12.1 -12 et sea., and South Bend Municipal Code Section
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
seq., and South Bend Municipal Code Sections 2 -76 et sea., 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) the totality of benefits is sufficient to justify
the deductions 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 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
an 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.
PRESENTED o? -�27 -96
NOT APPROVED
ADOPTED
Me er kf Xommon Council
Flied In Clerk's Office
LEB 14 199a