HomeMy WebLinkAboutConfirming Tax Abatement - Spin-Cast Plastics, Inc. Lots 5-3 & 5-4 in Airport Industrial Park Ph IV (5 Year Personal Property)RESOLUTION
NO. 1706 -89
Passed by the Common Council of the City of South Bend, Indiana,
February 27, 19 89
Attest_ _
Presented by me to the Mayor of the City of South Bend,
February
Approved and signed by me
28, 89
19
March 2
C
Clerk
President of Common Council.
City Clerk
19 89.
Mayor
a
RESOLUTION NO. I 70%-6I
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 FIVE YEAR PERSONAL 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
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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.
1
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.
the Comm uncil
330058
PRESENTED a d S �%
NOT APPROVED
ADOPTED
2
V? in MIA
1
FEB 2 2 1989
IRERE GAMMOR
"ITY MIRK SR RG &^