HomeMy WebLinkAboutConfirming Tax Abatement - Spin-Cast Plastics, Inc. 3300 N. Kenmore St. (10 Year Real Property)Attest:
RESOLUTION
NO. 1958 -92
Passed by the Common Council of the City of South Bend, Indiana
June 22,
Clerk
Attest: /h'- �.� -..�� President of Common Council.
—1. --
Presented by me to the Mayor of the City of South Bend,
June
23,
Approved and signed by me_ June 23
92
19
iff
City Clerk
19 92_.
Mayor
No. /9'38 -ga
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 TEN YEAR REAL
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 designated 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 real 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 real property tax
deduction for a period of ten (10) years, and further determines
that the petition complies with Chapter 21 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 G -,2 a -9 a
NOT APPROVED
ADOPTED -a-2 P,-7
Member of the Common Council
Filed in Clerk's Office i
MAY i 3192
I,(tEI�F�6AMMON
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