HomeMy WebLinkAboutConfirming Tax Abatement - Concrete & Asphalt Recycling, Inc. 2950 W. Lathrop St. (5 Year Personal Property)RESOLUTION
NO. 1932 -92
Passed by the Common Council of the City of South Bend,
April 28, 92 19
City Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
April 29, 92
19
Approved and signed by me
April 30
19 92
City Clerk
Mayor
RESOLUTION NO. Jq JA.CIL'a
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITH THE CITY OF
SOUTH BEND COMMONLY KNOWN AS
2950 West Lathrop Street
South Bend, Indiana 46628
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
CONCRETE & ASPHALT RECYCLING, 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 2950 West Lathrop Street and which is more
particularly described as follows:
Five (5) acres more or less, located in the
northwest quarter of the northwest quarter of
Section 34, Township 38 North, Range 2 East,
which is approximately 100 acres, in St. Joseph
County, State of Indiana, commonly known as
2950 Lathrop, South Bend, Indiana,
with said real estate having the following Key Number 18- 2109 -4960,
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 qualifica-
tions 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 tax
deductions 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 sec.
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.
NOT APPROVED
ADOPTED y - a8 - 9 a
Member of the Common Council
Filed in Clerk's 0 iceff
FEB 2 7 !S02