HomeMy WebLinkAboutDesignating Tax Abatement - Schafer Gear Works, Inc. 814 S. Main St. (5 Year Personal Property)Attest
RESOLUTION
NO. 1869 -91
Passed by the Common Council of the City of South Bend, Indiana
May 20, io 91
Clerk
t President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
May 21, 91
19
City Clerk
Approved and signed by �' I me _�ds
If
Q
Mayor
RESOLUTION N0. 8 -9 J
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS
814 S. MAIN ST., SOUTH BEND, IN 46618
AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX
ABATEMENT FOR
FOR SCHAFER GEAR WORKS, 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 814 S. Main St., South Bend, Indiana, and which is more
particularly described as follows:
PARCEL I: All of Lots Numbered One Hundred Nine (109) and
One Hundred Ten (110) as shown on the recorded Plat of
Daniel Garst's 1st addition to South Bend City, now within
and a part of the City of South Bend.
PARCEL II: All of Lots Numbered Two Hundred Fifty -seven
(257) and Two Hundred Fifty -eight (258) as shown on the
recorded Plat of Daniel Garst's Subdivision of a part of his
1st addition to South Bend City, now a part of the City of
South Bend.
PARCEL III: All of Lots Numbered Two Hundred Eleven (211)
and Two Hundred Twelve (212) as shown on the recorded Plat of
Daniel Garst's 1st addition to the South Bend City, now
within and a part of the City of South Bend.
PARCEL IV: Beginning at the Northwest corner of Lot Two
Hundred Twenty (220) in Garst's First addition to South Bend
City now within and a part of the City of South Bend, Indiana,
as recorded in Plat Book 3, page 41 in the Office of the
Recorder of St. Joseph County, Indiana, said beginning point
being the intersection of the South line of said vacated
14 foot alley with the East right -of -way line of Main Street
as now exist: thence North 0 °00'00" East (bearing assumed)
along said East right -of -way line of Main Street, a measured
distance of 52.13 feet to the South line of the North 30.00
feet of said Lot Two Hundred Sixty (260); thence North 89 °57'40"
East along said South line and parallel with the North line
of said Lot 260, a measured distance of 200.37 feet to the
East line of Lot Two Hundred Twelve (212) in Garst's First
addition; thence South 0 °10'21" West along the East line of
said Lot 212, a measured distance of 51.93 feet to the
Northeast corner of Lot Two Hundred Thirteen (213) in said
Garst's First addition being also the Southeast corner of a
14 foot alley vacated by Vacation Resolution 3444; thence
South 89 °56'20" West along the South line of said vacated
14 foot alley, a measured distance of 200.25 feet to the place
of beginning.
PARCEL V: All of Lots Numbered Two Hundred Thirteen (213),
Two Hundred Fourteen (214), Two Hundred Fifteen (215), Two
Hundred Sixteen (216), and the East 10 feet of Lot Numbered
Two Hundred Seventeen (217) all as shown on the recorded Plat
of Daneil Garst's 1st addition of South Bend City, now within
and a part of the City of South Bend, excepting therefrom the
South 25 feet thereof.
(1)
PARCEL VI: All of Lots Numbered Two Hundred Eighteen (218),
Two Hundred Nineteen (219), and Two Hundred Twenty (220),
and the West 15 feet of Lot Numbered Two Hundred Seventeen
(217) all as shown on the recorded Plat of Daniel Garst's
1st addition to South Bend City, now within and a part of
the City of South Bend, excepting therefrom the South
24.5 feet thereof.
and this property has Key Number 18 3042 1621, 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 Sections 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 seq., and South Bend Municipal Code
Sections 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 manufacturing
equipment is reasonable for equipment of that type;
(b) the estimate of the number of individuals that
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 Commo
that the proposed new
expected to yield the
Benefits as set forth
for Personal Property
Statement of Benefits
form being prescribed
sufficient to justify
6- 1.1- 12.1 -4.5.
n council hereby determines and finds
manufacturing equipment can be reasonably
benefits identified in the Statement of
in Section 1 through 3 of the Petition
Tax Abatement Consideration and that the
Form completed by the Petitioner, said
by the State Board of Accounts, are
the deduction granted under Indiana Code
(2)
SECTION III. Thp 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.
SECTION IV. The Common Council determines that such designation
is for personal porperty 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.
PRESENTED S- a - 9 1 ( 3)
NOT APPROVED
ADOPTED
3 -a0 -9I
Filed in Clerk's Office
flflRll- V1991