HomeMy WebLinkAboutDesignating Tax Abatement - Miles Dental Manufacturing Business 4315 S. Lafayette (5 Year Personal Property)RESOLUTION
NO. 1 15 -89
Passed by the Common Council of the City of South Bend,
Attest:_
Attest
April 11, 19 89
Presented by me to the Mayor of the City of South Bend, I
April 12, 89
9
Approved and signed by me
April
Clerk
of Common Council.
City Clerk
Mayor
RESOLUTION NO. /�I r_ 0q
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING
CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 4315
S. LAFAYETTE, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR RELOCATION OF MILES DENTAL MANUFACTURING
BUSINESS.
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, Indiana, requesting that the area commonly known as 4315 S.
Lafayette, South Bend, Indiana, and which is more particularly described as
follows:
314x628' Beg NE Cor SE 1/4 NE 1/4 4.528A Sec 26 37 2E
and
314x675.5' Beg 628'W NE Cor SE 1/4 NE 1/4 4.86AC Sec 26 37 2E
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 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 seq. and South Bend
Municipal Code section 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 that the
Petition for Personal Property Tax Abatement and the Statement of Benefits
form completed by the Petitioner meet the requirements of I.C. 6 -1.1- 12.1 -1
et seq., and qualifies under the provisions of South Bend Municipal Code
Section 2 -76 et seq., 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 rehabilita-
tion 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
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 described redevelopment or rehabilitation can be reasonably expected
to yield the benefits identified in the Statement of Benefits set forth as
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 recom-
mendation 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 VIIS. This Resolution shall be in full force and effect from and
after its adoption by the Common Council and approval by the Mayor.
Me the Commo 2V ncil
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