HomeMy WebLinkAboutConfirming Tax Abatement - Wells Electronics Inc. 1701, 1801, 1818 & 1819 S. Main St. (5 Year Personal Property)Attest:
RESOLUTION
NO. 2182 -94
Passed by the Common Council of the City of South Bend, Indiana
Attest
October
24, 1994
Clerk
Presented by me to the Mayor of the City of South Bend, Indiana
October
25, 94
19
of Common Council.
Approved and signed by me /0/0-(, 19
City Clerk
Mayor
RESOLUTION N0.
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH
BEND, INDIANA, COMMONLY KNOWN AS 1701, 1801, 1818, 1819 S. MAIN
ST., SOUTH BEND, INDIANA, TO BE AN ECONOMIC REVITALIZATION AREA
FOR THE PURPOSES OF A FIVE YEAR PERSONAL PROPERTY TAX ABATEMENT
FOR
WELLS ELECTRONICS, 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 REVITALIZATIONS AREAS FOR THE PURPOSE
OF TAX ABATEMENT CONSIDERATION; AND
WHEREAS, A DECLARATORY RESOLUTION DESIGNATED THE AREA COMMONLY
KNOWN AS 1701, 1801, 1818, 1819 S. MAIN ST., SOUTH BEND, INDIANA
AND WHICH IS MORE PARTICULARLY DESCRIBED AS FOLLOWS:
KEY NUMBER DESCRIPTION
18 8007 0370 LOT 7 E 1/2 VAC ALLEY & S 1/2 VAC
ALLEY ADJ J P CREEDS 2ND
18 8007 0371 LOTS 8- 9 -10 -11 1/2 VAC ALLEY CREEDS
234.65 FT OF TAX LOTS S 1577 FT NW
ON NORTH LINE LOT 2 PEARLEY LUMBER
CO ADD
18 8010 0446 LOT 14 & S 7' VAC ALLEY N & AD
STOVER & WITWER ADD
18 8010 0443 LOT 15 1/2 VAC ALLEY E & A 1/2 VAC
ALLEY N & ADJ STOVER & WITWER ADD
18 8009 043102 SO 26.97' LOT 9 ALL LOT 10 7' VAC
ALY S ADJ PERLEY LUMBER CO
18 8008 037901 PARCEL OF GROUND IN SW 1/4 SEC 13 37
2E BEG ON SO LINE OF INDIANA AV &
PENN CENTRAL RR RIGHTAWAY CONT
41,184' +-
18 8008 0382 SO FT ON W SIDE MAIN ST N & ADJ
DAYTON ST 13 37 2E
18 8009 0422 LOTS 11 TO 18 INC 1/2 VAC ALLEY S
ADJ TO LOT PERLEY LUMBER CO
18 8009 0413 LOT 19 LOT 20 1/2 VAC ALLEY PERLEY
LBR CO ADD
WITH SAID REAL ESTATE HAVING THE FOLLOWING KEY N0. (LISTED
ABOVE), 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:
SECTION I. THE COMMON COUNCIL HEREBY CONFIRMS ITS DECLARATORY
RESOLUTION DESIGNATING THE AREA 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 SEQ.
SECTION III. THIS RESOLUTION SHALL BE IN FULL FORCE AND EFFECT
FROM AND AFTER ITS ADOPTION BY THE COMMON COUNCIL AND APPROVED BY
THE MAYOR.
rRES"m /o -)4,5y
y
NOT APPROVED
ADOPTED IO -2ZI -qV
Filed in cjer�r's Office
OCT 1=9
I PENE G.APA Wi
CITY CLEM, SO. SEND, IN.