HomeMy WebLinkAboutDesignating Tax Abatement - Emtech Corporation 3300 W. Sample St. Suite 1100 (5 Year Personal Property)Attest:
RESOLUTION
NO. 2033 -93
Passed by the Common Council of the City of South Bend, Indiana,
April 12,
19 93
Clerk
Attest:__ President of Common Council.
Presented by me to the Mayor of the City of South Bend,
April
13,
93
19
City Clerk
Approved and signed by me _ / 1994
C - " Mayor
RESOLUTION NO.-.2o,9-;?-Y,9
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS
3300 W. SAMPLE ST., SUITE 1100
AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR
EMTECH CORPORATION
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 know as 3300 W. Sample St., Suite 1100, South Bend, Indiana, and
which is more particularly described as follows:
Parcel -T.: A tract of land in the Northeast Quarter of the Northeast Quarter
of Section 16, Township 37 North, Range 2 East, bounded by a line running as
follows, viz: Beginning at a point 338 feet East of the Northwest corner of
the Northeast Quarter of the Northeast Quarter of said Section 16; thence
running East along the North line of said Section 16 a distance of 657.7 feet;
thence South 900.6 feet; thence West 657.1 feet; thence North 900.6 feet to
the place of beginning. Subject also to a right of way of the New Jersey,
Indiana & Illinois Railroad Company, as conveyed to it by Warranty Deed dated
February 11, 1930, recorded in Deed Record 227, page 293 in the County
Recorder's Office of St. Joseph County, Indiana.
ParceL_SI: A certain tract of land in Belleville Industrial District, in
Section 16, Township 37 North, Range 2 East, described as follows: Beginning
at the intersection of the center line of the New Jersey, Indiana & Illinois
Railroad Spur and the North line of proposed Industrial Avenue, said
intersecting point being 900.6 feet South and 1329.87 feet East of the
Northwest corner of the Northeast Quarter of Section 16, Township 37 North,
Range 2 East; thence East along the North line of proposed Industrial Avenue
if extended East 664.5 feet; thence South parallel with the West line of the
Northeast Quarter of said Section 16, 311.5 feet to the center line of said
New Jersey, Indiana & Illinois Railroad Company's Spur line running in a
Southwesterly and Northwesterly direction; thence Southwesterly and
Northwesterly along the center line of said spur line 1096.5 feet to the place
of beginning, exc- ept;ng th raf om all railroad right -of -ways within said
tract; and also excepting_therefrQm a tract of land described as beginning at
a point 9 feet East of and 900.6 feet South of the Northwest corner of the
Northeast Quarter of the Northeast Quarter of Section 16, Township and Range
aforesaid; thence running East parallel with and 900.6 feet South of the North
line of said Section 16 a distance of 329 feet; thence South parallel with and
338 feet East of the West line of the Northeast Quarter of the Northeast
Quarter of said Section 16, a distance of 38 feet; thence West parallel with
and 938.6 feet South of the North line of said Section 16 a distance of 329
feet; thence North parallel with and 9 feet East of the West line of the
Northeast Quarter of the Northeast Quarter of said Section 16 a distance of 38
feet to the place of beginning.
and this property has Key Number 18- 8112 -4211, be designated as a Economic
Revitalization Area under the provisions of Indiana- Code-..- 6 -1.1- 12.1 -1 et
seq.., 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 a Economic Revitalization Area under
Indiana CQde 6- 1.1 -12 -1, at secl-, 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-l-, 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
requested. is sufficient to justify the deduction
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, as sufficient to justify the
deduction granted under Indiana-Cade 6 -1.1- 12.1 -4.5.
S. TTON TTT The Common Council hereby accepts the report and recommendation
of the Department of Economic Development, and the Human Resource 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_VL. 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 public hearing before the
Common Council on said declaration.
SECTION---VII- This Resolution shall be in full force and effect
its adoption by the Common Council and approval by the Mayor. from and after
�1
Membot of 19e¢ Common Council
D° eignod on.l- to _provide an
opportull 1 (t.',, or
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PRESENTED --i -1a- 93
NOT APPROVED
ADOPTED
11 LUil
.Wd in Clerk's Office