HomeMy WebLinkAboutDesignating Tax Abatement - Solvay Automotive Inc. 1827 N. Bendix Dr. (5 Year Personal Property)Attest:
RESOLUTION
NO. 2064 -93
Passed by the Common Council of the City of South Bend, Indiana,
September 13,
Clerk
Attest: of Common Council.
Presented by me to the Mayor of the City of South Bend. Indiana
September 14,—i9 93 .
Approved and signed by me
9 -i� 193
City Clerk
Mayor
RESOLUTION NO. -e.2 0 6V— ?
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS
1827 N. BENDIX DRIVE
AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR
SOLVAY AUTOMOTIVE, 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 1827 N. Bendix Drive, South Bend, Indiana,, and which is more
particularly described as follows:
A parcel of land being part of the Northeast Quarter of the Southeast Quarter of
Section 33. township 38 North, Range 2 East, in the City of South Bend, Portage
Township, St. Joseph County, Indiana,
and this property has Key Number 182184693802, be designated as an Economic
Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1, et sea.,
and South Bend Municipal Code Sections 2 -76 et sec., 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 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 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.
PRESENTED
NOT APPROVED
ADOPTED 9 —/3 -93
Membe•-Comm o" n Council
I signed only to provioe xu
opportunity for public discussion
and Council action on the issue.
Filed in Clerk's Office
AUG 7