HomeMy WebLinkAboutDesignating Tax Abatement - AE Piston Products Inc. 22255 W. Cleveland Rd. (5 Year Personal Property)RESOLUTION
NO. 1856 -91
Passed by the Common Council of the City of South Bend, Indiana
Attest:_____
Attest:
April
2
19 91
Presented by me to the Mayor of the City of South Bend, I
April 9, 91
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Approved and signed by me_ April 10
Clerk
t of Common Council.
991
Clerk
Mayor
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS
22255 West Cleveland Road
AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR
AE PISTON PRODUCTS, 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 22255 West Cleveland Road, South Bend, Indiana, and which is more
particularly described as follows:
A tract of land in part of the East half of Section 21, Township 38 North, Range
2 East, 2nd P.M. St. Joseph County, Indiana, and more particularly described as
follows:
Beginning at a point on the East -West Half section line of said East Half North
88 degrees 53 minutes 36 seconds East 915.58 feet from the center of said Section
21; thence North 0 degrees 56 minutes 57 seconds West 338.80 feet; thence North
88 degrees 53 minutes 36 seconds East, parallel with the East -West half section
line of said Section, 800.00 feet; thence South 0 degrees 56 minutes 57 seconds
East 1726.13 feet; thence northwesterly 550.14 feet along an arc to the right
having a radius of 4463.66 feet and subtended by a long chord having a bearing of
North 54 degrees 36 minutes 59 seconds West and a distance of 549.80 feet; thence
North 51 degrees 05 minutes 08 seconds West 465.22 feet; thence North 0 degrees
56 minutes 57 seconds West 761.20 feet to the East -West half section line of said
East half the point of beginning, and containing 26.203 acres, more or less.
be designated as an Economic Revitalization Area under the provisions of Indiana Code
6 -1.1- 12.1 -1 et sea., and South Bend Municipal Code Sections 2 -76 et sea; 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 sea., and South Bend Municipal Code Sections 2 -76 et sea., and has further
prepared maps and plats showing the boundaries and such other information regarding
the area in question as required by law; and
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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 manufacturing 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;
(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 fords 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 form 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 hereby 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.
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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.
Common Council
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PRESENTED
NOT APPROVED
ADOPTED
in Clerk's Office