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HomeMy WebLinkAboutDesignating Tax Abatement - Redi-Mix Concrete Plant by Transit-Mix Inc. 715 W. Ireland Rd. (5 Year Personal Property)Attest: NO. RESUTION SOL Passed by the Common Council of the City of South Bend, Indiana, September 24, 90 19 Clerk Attest: President of Common Council. Presented by me to the Mayor of the City of South Bend, Indiana September 25, 90 Approved and signed by me_ September 25 C. 9 City Clerk Mayor RESOLUTION NO. IYOW -qO A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 715 WEST IRELAND ROAD, SOUTH BEND, INDIANA AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT OF THE CONSTRUCTION OF A REDI -MIX CONCRETE PLANT BY TRANSIT -MIX, INC., AN INDIANA CORPORATION WHEREAS, a petition for personal property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, requesting that the area commonly known as 715 West Ireland Road, South Bend, Indiana, and which is more particularly described as follows; A part of the Northeast Quarter of Section 26, Township 37 North Range 2 East, Center Township, St. Joseph County, Indiana, described as follows: Beginning at a found stone located at the Northeast corner of the Southwest Quarter of said Northeast Quarter; thence South 0 -58 -10 West along the East line of said quarter- quarter section a distance of 965.19 feet to the Northeast corner of the parcel described in a deed to Lyle E. Osborne and Mildred M. Osborne recorded as Instrument number 7910794 in the Office of the Recorder of St. Joseph County, Indiana; thence South 90 -00 -00 West 288.74 feet (288.62 feet record) to the Northwest corner of said Osborne parcel; thence south 00 -00 -00 West along the West line of said Osborne parcel and its Southerly extension a distance of 345.00 feet to the South line of said Northeast Quarter (centerline of Ireland Road) ; thence South 90 -00 -0 West (record bearing) along said south line a distance of 39.70 feet; thence North 0 -00 -00 East 1140.00 feet to the Northeast corner of the parcel described in a deed to Rosemary D. McNamee recorded as Instrument number 9002603 in the Office of the Recorder of St. Joseph County, Indiana; thence South 90 -00 -00 West along the North line of said McNamee parcel a distance of 301.36 feet to the Easterly right -of -way line of the Pennsylvania Railroad; thence North 28 -57 -19 East along said railroad right -of -way line a distance of 642.65 feet; thence South 18 -58 -09 East 415.35 feet; thence North 89 -50 -42 East 200.00 feet to the point of beginning. 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 Section 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 sea., and South Bend Municipal Code section 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; 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 that the Petition for Personal Property Tax Abatement and Statement of Benefits form completed by the Petitioner meet the requirements of I.C. 6 -1.1- 12.1 -1 et sea., and qualifies under the provisions of South Bend Municipal Code Section 2 -76, et sea., for tax abatement. Section II. The Common Council hereby determines and finds the following: A. That the estimate of the value of the redevelopment or rehabilitation is reasonable for projects of this nature; B. That the estimate of the number of individuals who will be employed or whose employment will be retained can reasonably be expected to result from the proposed described redevelopment or rehabilitation; C. That 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 redevelopment or rehabilitation; D. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment or rehabilitation; and E. That the totality of benefits is sufficient to justify the deduction; all of which satisfy the requirements of I.C. 6 -1.1- 12.1-3 and which can be reasonably expected to result from the installation of the new manufacturing equipment. SECTION III. 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 Sections I through II of the Petition for Personal Property Tax Abatement Consideration and that the Statement of Benefits form prescribed by the State Board of Accounts are sufficient to justify the deduction granted under Section 6 -1.1- 12.1 -4.5 of the Indiana Code. SECTION IV. The Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Economic Revitalization Area for purposes of personal property tax abatement and hereby makes such a designation. SECTION V. 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 VI. 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 VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Personal Property Tax Abatement to be published, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. This Resolution effect from and after its adoption approval by the Mayor. Member of th mmOV 615 ncil re:trans33 PRESENTED 9 -;2 NOT APPROYED ADOPTED 9- ci LI --po shall be in full force and by the Common Council and Filed in Clerk's Office AUG 3 1990