HomeMy WebLinkAboutDesignating Tax Abatement - Astar Inc. 645 Wilber St. (5 Year Personal Property)RESOLUTION
NO. 2014 -93
Passed by the Common Council of the City of South Bend, Indiana
February 22, IQ 93
..._ _ Z�- 11�� _ -- City Clerk
Presented by me to the Mayor of the City of South Bend, Indiana
February 23, 93
19
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of Common Council.
City Clerk
Approved and signed by me_ V'- 1��+�3 �� - ig g3.
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Mayor
RESOLUTION NO. 9,3
A RESOLUTION OF THE COMMON COUNCIL OF THE
LV I*Vo l
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 645 Wilber Street, South Bend, Indiana, and which is more
particularly described as follows:
Lots Numbered One Hundred Six (106), One Hundred
Seven (107), One Hundred Eight (108) and One
Hundred Nine (109) as shown on the recorded Plat
of Kauffman Place Addition to the City of South
Bend, recorded in Plat Book 9, page 57 in the
Office of the Recorder of St. Joseph County, Indiana
and this property as Key Number 18- 2016 -0465, be designated
as an Economic Revitalization Area under the provisions of
Indiana Code 6 -1.1- 12.1 -1 et se g., 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 a special exception should be granted to the property
to qualify it 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 2.84, 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 special exception
should be granted to qualify the property 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
and recommendation of
Development, and the
Development Committee's
area herein described
Revitalization Area for
abatement and hereby makes
Council hereby accepts the report
the Department of Economic
Human Resources and Economic
favorable recommendation, that the
be designated as Economic
purposes of personal property tax
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 VII. This Resolution shall be in full force and
effect from and after its adoption by the Common Council and
approval by the Mayor.
Me ttO Common Council
of ortuni; _ ...., . i..:+ti
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Filed in Clerk's Office
WESEId= �2- e2 a - 93
NOT APPROVED
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