HomeMy WebLinkAboutDesignating Tax Abatement - Petersen Printing Corp. d/b/a Petersen Graphics Group 2920 W. Sample St. (5 Year Personal Property)Attest
RESOLUTION
NO. 2188 -94
Passed by the Common Council of the City of South Bend, Indiana
November
14, 1994`
Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
November
Approved and signed by me
15, 94
19
City Clerk
199.
j�� Mayor
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A RESOLUTION OF THE COMMON COUNCIL OF THE
.CITY OF SOUTH BEND DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS
2920 WEST SAMPLE STREET
AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR
PETERSEN PRINTING CORPORATION DBA PETERSEN GRAPHICS GROUP
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 ]mown as 2920
West Sample Street, South Bend, Indiana, and which is more
particularly described as follows:
Situate in St. Joseph County, in the State of Indiana
A lot or parcel of land in the Northwest Quarter of the
Northwest Quarter of Section Fifteen (15), Township
Thirty -Seven (37) North, Range Two (2) East, described as
follows, to -wit: Beginning on the South line of Sample
Street in the City of South Bend, Indiana, at a point 330
feet East and 35 feet South of the Northwest corner of said
Section 15; thence East along the South line of Sample
Street 400 feet; thence South a distance of 536.78 feet
more or less to the Northerly right of way line of the New
Jersey, Indiana and Illinois Railroad; thence Southwesterly
along said Northerly right of way line of the New Jersey,
Indiana and Illinois Railroad 437.58 feet more or less to a
point due South of the place of beginning; thence North
714.1 feet more or less to the place of beginning.
ALSO, a lot or parcel of land in the Northwest Quarter of
Section Fifteen (15), Township Thirty -Seven (37) North,
Range Two (2) East in the City of South Bend, St. Joseph
County, Indiana, described as beginning 35 feet South and
165 feet East of the Northwest Corner of Section 15,
Township 37 North, Range 2 East, which beginning point is
on the South line of Sample Street; thence East (bearing
assumed) 165 feet along the South lines of said Sample
Street; thence South zero degrees 04 minutes West 714.01
feet to the Northerly right of way line of the New Jersey,
Indiana and Illinois Railroad right of way; thence South 65
degrees 59 minutes 50 seconds West 251.6 feet along said
Northerly right of way; thence North zero degrees 02
minutes 50 seconds East 587.24 feet to a point 229 feet
South and 65 feet West of place of beginning; thence North
89 degrees 50 minutes 50 seconds East 65 feet; thence North
zero degrees 02 minutes 50 seconds East 229 feet to place
of beginning.
EXCEPTING THEREFROM, a parcel of land being a part of the
Northwest Quarter of Section Fifteen (15), Township
Thirty -Seven (37) North, Range Two (2) East in the City of
South Bend, St. Joseph County, Indiana, described as
follows:
Starting at a point 35 feet South and 165 feet East of
the Northwest corner of Section 15, Township 37 North,
Range 2 East which point is on the South line of East
Sample Street; thence South 0 degrees 2 minutes 50
seconds West, 229 feet to the true point of beginning
for this description; thence continuing as an
extension to the last described line South 0 degrees 2
minutes 50 seconds to the Northerly right of way line
of the Norfolk and Western Railroad (N.J.I. and
I.R.R.); thence South 65 degrees 59 minutes 50 seconds
West in a Southwesterly direction along the railroad
right of way to a point which is 109.4 feet
Northeasterly as measured on said railroad right of
way from the West line of Section 15, Township 37
North, Range 2 East; thence North 0 degrees 2 minutes
50 seconds East, 587.24 feet to a point (which point
is 264 feet South and 100 feet East of the Northwest
corner of said Section 15); thence North 89 degrees 50
minutes 50 seconds East, 65 feet to the point of
beginning.
Subject to legal highways.
and this property has Rey numbers 18 8075 282401 and
18 8075 282404, be designated as an Economic Revitalization
Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et
see., and South Bend Municipal Code Sections 2 -76 et sec.; 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 sue., and South Bend Municipal Code
Sections 2 -76 et see., 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 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
NOT APPROVED
ADOPTED /J_ lq,gq
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