HomeMy WebLinkAboutDesignating Tax Abatement - Accuride Indiana, Inc. 4300 Quality Dr. (5 Year Personal Property)RESOLUTION
NO. 1979 -92
Passed by the Common Council of the City of South Bend, Indiana,
October 26, 19 92
4-111 _ J City Clerk
Attest:_ �6 c'i�z_. President of Common Council.
Presented by me to the Mayor of the City of South Bend,
October 28, 92
19
Approved and signed by me_ °)
City Clerk
19 a12.
Mayor
RESOLUTION NO./ 79-
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS
4300 QUALITY DRIVE
AN ECONOMIC REVrl'ALIZATION AREA FOR
PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR
ACCURIDE INDIANA, 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 (street
address), South Bend, Indiana, and which is more particularly described as follows:
Parcel I:
Lot Numbered Eight (8) as shown on the recorded Plat of Landmark Business Park, Section Six,
Part One, recorded October 19, 1989 in the Office of the Recorder of St. Joseph County, Indiana,
as Instrument No. 8928004.
Parcel II:
A tract of land in the North Half of Section 19, Township 38 North, Range 2 East, City of South
Bend, German Township, St. Joseph County, Indiana, said tract being more particularly described
as follows:
Commencing at the North Quarter corner of said Section 19; thence South 00 054'38" East on the
along the East line of said Northwest Quarter 110.75 feet to the South right -of -way line of Brick
Road; thence North 88 °47'24" West on and along said South line a distance of 845.29 feet;
thence South 00 °52'04" East a distance of 679.54 feet, said point being the true place of
beginning; thence continuing South 00 °52'04" East a distance of 175.75 feet to PC of a 25.00
foot radius curve to the right; thence along said curve through a central angle of 49 °40'45 ", a
chord length of 21.00 feet which bears South 23 058'19" West, an arc distance of 21.68 feet to
a point of reverse curve with a 60.00 foot radius curve to the left; thence along said curve
through a central angle of 93 047'08 ". a chord length of 87.60 feet which bears South 01'55'07'
West, an arc distance of 98.20 feet; thence South 45 °01'33" West a distance of 25.00 feet; thence
South 89 °55'38" West a distance of 395.50 feet; thence North 00 052'04" West a distance of
300.00 feet; thence North 89 055'38" East a distance of 426.53 feet to the place of beginning.
Subject to legal highways.
and this property has Key Numbers 25 -1017 -0604, 25 -1017 -0602 and 25 -1017- 0602.01, be
designated as an 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 an Economic Revitalization Area under Indiana Code 6 -1.1- 12.1 -1 et seg. , and South
Bend Municipal Code Sections 2 -76 et sea., 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 H. 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 1II. 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 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 /0 -- /' 4 A
NOT APPROVED
ADOPTED /D - Olv 4A
Member of the Common Council
11 signed onlq to provide an
opportunity for public discussion
and Council action on the issue..
Fi.1e`k's Office
nC. 31.2