HomeMy WebLinkAboutDesignating Tax Abatement - Manufacturing Technology Inc. 1702 W. Washington St. (5 Year Personal Property)RESOLUTION
NO. 2128 -94
Passed by the Common Council of the City of South Bend, Indiana
Attest
May 9, 19 9,4 •
Clerk
Presented by me to the Mayor of the City of South Bend,
May 10, 94
19
Approved and signed by me
of Common Council.
City Clerk
�• "^"� Mayor
RESOLUTION NO. a1a S- 9V
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS
1702 West Washington Street, South Bend, Indiana
AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR
MANUFACTURING TECHNOLOGY, INC.
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 1702 West Washington Street, South Bend, Indiana, and which is more particularly
described as follows:
PARCEL I: A lot or parcel of Land in the City of South Bend, located in the
East Half of the Northeast Quarter of Section Number Ten (10), Township
Number Thirty -seven (37) North, Range Number Two (2) East, bounded by
a line running as follows, viz: Beginning at a point in the South line of West
Washington Avenue 7.58 feet West from a point where the West line of
College Street extended South would intersect the South line of said West
Washington Avenue thence South 208 feet; thence West 395.87 feet; thence
North 208 feet to the South line of Washington Avenue, thence East along the
South line of Washington Avenue a distance of 395.87 feet to the place of
beginning.
PARCEL II: Also, beginning at a point in the South line of West Washington
Avenue 7.58 feet West from a point where the West line of College Street
extended South would intersect the South line of Washington Avenue and
being at the Northeast corner of the above described tract; thence South
along the East line of the above described tract 293.6 feet to an iron stake;
thence East 19.69 feet, more or less, to the Southwest corner of a tract of land
conveyed to the South Bend Wholesale Drug Company by deed recorded in
Deed Record 333 page 336; thence North 293.6 feet, more or less, to a point
in the South line of West Washington Avenue 20 feet East of the place of
beginning; thence West 20 feet to the place of beginning, subject, however, to
a perpetual easement of right of way in common with the Grantees at all
times and for all purposes over the following real estate for the use and
benefit of the South Bend Drug Co., Inc.
A part of the East Half (1/2) of the Northeast Quarter (1/4) of Section Ten
(10), Township Thirty -seven (37) North, Range Two (2) East, described as
follows: Beginning at a point on the South line of Washington Avenue which
is 389.87 feet West to a point which is 7.58 feet West from the West line of
College Street extended South to the South line of Washington Avenue;
thence due South 133.5 feet; thence Easterly 321.3 feet to a point 130.3 feet
due South from the South line of Washington Avenue; thence in a
Southeasterly direction 102 feet to an iron stake, which iron stake is 208 feet
due South from Washington Avenue; thence North 46.2 feet; thence in a
Northwesterly direction 80.3 feet to a point 100.3 feet due South from the
South line of Washington Avenue; thence Westerly 305.6 feet to a point due
South 103.5 feet from the South line of Washington Avenue, thence North
103.5 feet to a point on the South line of Washington Avenue which is 30 feet
East of the place of beginning, thence West 30 feet to the place of beginning.
and this property has Key Numbers 18- 2001 -0005 and 18- 2001 -0002, 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 seq.; 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 seq., and has further prepared maps and
(Revised 11/26/90) 1
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 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 five (5) 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 S-tv Aq
NOT APPROVED
ADOPTED ly/9/9�e
2
MAR 2 9 1994