HomeMy WebLinkAboutConfirming Tax Abatement - Spin-Cast Plastics, Inc. 3300 N. Kenmore St. (5 Year Personal Property)RESOLUTION
NO. 1973 -92
Passed by the Common Council of the City of South Bend, Indiana
October
12,
Attest: /2z' "`"-" --�
19 92
Clerk
Attest:_ u_e,l— President of Common Council.
Presented by me to the Mayor of the City of South Bend,
October 13, 92
9
Approved and signed by me_ -!-� ____ 19
Clerk
Mayor
RESOLUTION NO. // 1�3-/
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3300 N. KENMORE STREET,
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
SPIN -CAST PLASTICS, 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 designed the area commonly known
as 3300 N. Kenmore Street, South Bend, Indiana, and which is more
particularly described as follows:
Lots 5 -3 and 5 -4 of Combined Airport
Industrial Park, Phase Four, St. Joseph
County, Indiana,
with said real estate having the following Key No. 25 -1010- 038518,
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 II. 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.
Member of tAe Common Council
1
PRESENTED is —/ a- 9 A
NOT APPROVED
ADOPTED
Filed in Clerk's Office
AUG 6 IJ 1.