HomeMy WebLinkAboutDesignating Tax Abatement - Automatic Technologies Inc. 3603 Progress Dr. (5 Year Personal Property)RESOLUTION
NO. 1904 -91
Passed by the Common Council of the City of South Bend, Indiana
Attest
December 9, 91
to
Presented by me to the Mayor of the City of South Bend,
December
Approved and signed by me
10, 91
19
December 10
Clerk
of Common Council.
991
City Clerk
Mayor
RESOLUTION NO. /7D q-
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS
3603 PROGRESS DRIVE
AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOT
AUTOMATIC TECHNOLOGIES, 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'3606 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 Hundredths (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.
and this property has Key Number 25 1006 0296, 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 Setions 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 Section 2 -76
et seq., 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 manufactuing 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;
1
(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 II. 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 for 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 III. The Common Council herby 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 IX. 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 the Common Council
PRESENTED \ a -Q� - g \
NOT APPROVED
ADOPTED la_ 9 -9 /
. v- Asa Clerk's Office
OCT