HomeMy WebLinkAboutConfirming Tax Abatement - Mack Tool & Engineering, Inc. 2820 Viridian Dr. (5 Year Personal Property)RESOLUTION
NO. 1996 -92
Passed by the Common Council of the City of South Bend, Indiana,
Attest:
December 14, 19 92
-- . - - - - -- City Clerk
Presented by me to the Mayor of the City of South Bend, Indiana
December 15,
Approved and signed by me
92
9
December 17
of Common Council.
City Clerk
19 92.
Mayor
RESOLUTION NO. /99G- y-'�
A RESOLUTION _: CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND,
INDIANA, COMMONLY KNOWN AS 2820 VIRIDIAN DRIVE, TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A 5 YEAR PERSONAL PROPERTY TAX
ABATEMENT FOR MACK TOOL & ENGINEERING, INC.
WHEREAS, the Common Council of the City of South Bend, Indiana has
adopted a Declaratory Resolution designating certain areas within the City
as Economic Revitalization Areas for the purpose of tax abatement
consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known
as 2820 Viridian Dr. and which is more particularly described as follows:
Airport Industrial Park - Lot 5 -3A1, a part of the southeast quarter
of Section 28, Township 38 North, Range 2 East of the second principal
meridian, City of South Bend, St. Joseph County, Indiana.
with said real estate having the following Key No. 25 1010 040029, as an
Economic Revitalization Area; and
WHEREAS, notice of the adoption of a Declaratory Resolution and the
public hearing before the Council has been published pursuant to Indiana
Code 6- 1.1- 12- .1 -2.5; and
WHEREAS, the Council held a public hearing for the purposes of hearing
all remonstrances and objections from interested persons; and
WHEREAS, the Council has determined that the qualifications for an
economic revitalization area have been met.
Now, therefore, be it resolved by the Common Council of the City of
South Bend, Indiana, as follows.
Section I. The Common Council hereby confirms its Declaratory
Resolution designating the area described herein as an Economic
Revitalization Area for the purposes of tax abatement. Such designation is
for Personal Property tax abatement only and is limited to two (2)
calendar years from the date of adoption of the Declaratory Resolution by
the Common Council.
Section SI. The Common Council hereby determines that the property
owner is qualified for and is granted personal property tax deduction for
a period of five (5) years, and further determines that the petition
complies with Chapter 2, Article 6, of the Municipal Code of the City of
South Bend and Indiana Code 6 -1.1 -12.1 et seq.
Section III. This Resolution shall be in full force and effect from
and after its adoption by the Common Council and approval by the Mayor.
PRESENTED /'07 - /V - i
NOT APPROVED
ADOPTED /12 -/q ^
Memb of t1W Common Council
Filed in Clerk's Office
i!Vf 0.,