HomeMy WebLinkAboutConfirming Tax Abatement - Total Composites, Inc. 2629 Foundation Dr. (5 Year Personal Property)Attest:
RESNOLY6T100N
Passed by the Common Council of the City of South Bend, Indiana,
Attest:
February
12,
90
19
Presented by me to the Mayor of the City of South Bend,
February 13, 90
9
Clerk
of Common Council.
City Clerk
Approved and signed by me_ February 14 __ _ 19 90 .
C
Mayor
RESOLUTION NO. /7&&— 90
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA COMMONLY KNOWN AS
2629 Foundation Drive
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
Total Composites, 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 2629 Foundation Drive which is more particularly
described as follows:
A parcel of real
being 316.80 feet
West, being a pare
West and 1,590.40
Southwest Quarter
East.
property in St. Joseph County, Indiana,
North and South by 450.00 feet East and
,el of real property which is 211.27 feet
feet North of the Southeast corner of the
of Section 28, Township 38 and Range 2
This property has Key No.: 25- 1010 - 040012.
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 qualifications
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
property tax deduction for a period of five (5) years.
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.
4109N
PRESENTED Q - I a- qC
NOT APPROW -D
ADOPTHi d -/d -90
Member of
in Clerk's Office
k s,
1