HomeMy WebLinkAboutConfirming Tax Abatement - Spin-Cast Plastics, Inc. Lots 5-3 & 5-4 in Airport Industrial Park Ph IV (6 Year Real Property)RESOLUTION
NO. 1705 -89
Passed by the Common Council of the City of South Bend, Indiana,
February 27, 19 89.
Attest: ` — /r, - ' "'
Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
February
28, 89
19
(C ' L '�
Approved and signed by me_ March 2 _ _ ____ ig 89
e
City Clerk
Mayor
r
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RESOLUTION NO. 00-5 -89
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE
CITY OF SOUTH BEND, INDIANA COMMONLY KNOWN AS
LOTS 5 -3 AND 5 -4 IN THE AIRPORT INDUSTRIAL PARK,
PHASE IV, TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A SIX YEAR REAL PROPERTY TAX ABATEMENT
FOR SPIN -CAST PLASTICS, 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 which
is described as follows:
Lots 5 -3 and 5 -4 Combined Airport Industrial Park,
Phase IV, St. Joseph County, Indiana,
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:
SECTIO]
Declaratory
an Economic
abatement.
only and is
adoption of
J I. The Common Council hereby.confirms its
Resolution designating the area described herein as
Revitalization Area for the purposes of tax
Such designation is for real property tax abatement
limited to two (2) calendar years from the date 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 real property tax
deduction for a period of six (6) years.
11
I
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.
330060
PRESENTED
NOT APPROVED
ADOPTED d-a 7 - 5J
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FEB 2 2 1989
INENE GAMMON
f"lTY CLERK SA RGun