HomeMy WebLinkAboutConfirming Tax Abatement - Automatic Technologies Inc. 3603 Progress Dr. (5 Year Personal Property)RESOLUTION
1922 -92
Passed by the Common Council of the City of South Bend, Indiana,
24 19 92 .
Attest: 4-- --' City Clerk
Attest
Presented by me to the Mayor of the City of South Bend, Indiana
25 19 92
of Common Council.
Approved and signed by me_ _ - S- ___ 19 I
City Clerk
Mayor
RESOLUTION NO. 1 %d a- % ,,
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3603 PROGRESS DRIVE
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A 5 YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
AUTOMATIC TECHNOLOGIES, 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
3603 Progress Drive, South Bend, Indiana, and which is more particularly
described as follows:
A tract or parcel of land located in the Southwest Quarter of the
Northeast Quarter of Section 33, Township 38 North, Range 2 East, more
particularly described as follows: Beginning at a point which is One Hundred
Ninety -five and Eighteen Hundredths (195.18) feet North and Eight Hundred
Fifty -five and Fifty -four Hundredths (855.54) feet Easterly of the center of
said Section 33, said point being on the North line of Progress Drive; thence
North 00 19' 51" East a distance of Four Hundred Sixty -eight and Seventy -three
Hundredths (468.73) feet to the South line of the St. Joseph County Airport;
thence South 890 59' 38" East on and along the South line of said St. Joseph
County Airport a distance of Four Hundred Thirty- nine and Ten Hundreths (439.10)
feet: thence South 00 18' 51" West a distance of Four Hundred Seventy and Sixty -
five Hundredths (470.65) feet to the North line of Progress Drive; thence
North 890 40' 09" West a distance of Four Hundred Thirty -nine and Seventy -one
Hundredths (439.71) feet to the point of beginning.
with said real estate having the following Key No. 25 1006 0296
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 Resloution 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 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 -23.
1 et seq.
1
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 /- /9- 9 ) 2- a 4� -9 A
NOT APPROVED
ADOPTED a _ 2 ,//- 9.1
Memb o the Common Council
—
2 Filed in Clerk's Office
OCT 2 51991
IRENE GW,-7 ^ '
CITY CLERIC. &^