HomeMy WebLinkAboutDesignating Tax Abatement - Dearborn Crane & Engineering Co. 4320 Ralph Jones Ct. (5 Year Personal Property)Attest:
RESOLUTION
NO. 2118 -94
Passed by the Common Council of the City of South Bend, Indiana
April 11, 19 94
Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
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lr /1�'
City Clerk
Approved and signed by me ��� 19�
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Mayor
RESOLUTION NO. o2 //,f - i 'u
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
4320 RALPH JONES COURT
AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR
Dearborn Crane & Engineedu Co.
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 4320 Ralph Jones Court,
South Bend, Indiana, and which is more particularly described as follows:
A parcel of land in the Northeast Quarter of Section 21, Township 38 North, Range 2 East, of German Township,
St. Joseph County, Indiana and described as follows:
Commencing at the center of said Section 21: thence North 88 53' 36" East, 450.58 feet: thence North 00
56' 57" West, 1660.16 feet to the Point of Beginning: thence continuing North 00 56' 57" West, 350.00
feet: thence North 88 53' 36" East, 877.01 feet: thence South 00 56' 57" East, 366.66 feet: thence South
88 53' 36" West, 394.20 feet Southwesterly along a curve to the right, 18.36 feet, having a radius of
60.00 feet, subtended by a chord, having a bearing of South 23 36' 21" West, and a distance of 18.78
feet: thence Southwesterly along a curve to the left, having a radius of 60.00 feet, subtended by a chord,
having a bearing of South 15 49' 50" West, and a distance of 34.64 feet: thence South 89 03' 21" West,
80.00 feet: thence Northwesterly along a curve to the left, having a radius of 60.00 feet, subtended by a
chord, having a bearing of North 17 43'37" West, and a distance 34.64 feet: thence Northwesterly along a
curve to the right, having a radius of 60.00 feet, subtended by a chord, having a bearing of North 17 36'
18" West, and a distance of 34.88 feet: thence South 88 53' 36" West, 365.00 feet to the Point of
Beginning and containing 7.3514 acres, more or less, and contains 2 lots numbered 10 and 11, and is
subject to all rights -of -way, easements, restrictions and or covenants of record.
and this property has Key Number 25 -1013 - 0211.08, be designated as an Economic Revitalization Area under
the provisions of Indiana Code 6 -1.1- 12.1 -1 et sec., and South Bend Municipal Code Sections 2 -76 et seMc ., 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 SeMc ., 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;
QADOCNISCUBATEIDOC Page 1
(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 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 IX. This Resolution shall be in full force and effect from and after its adoption by the Common
Council and approval by the Mayor.
MENT0, �,'y
NOT] i AF,,, "FAD
`'ADOPTER
Q: \D0C \MISC \ABATE3.D0C
Member of the Common Council
Filed in Clerk's Office
MAR Z :� 9994
IRENE GAMMON
CfrY CLERK, BO. BEND, IN.
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