HomeMy WebLinkAboutDesignating Tax Abatement - Creative Glass, Inc. 2750 Foundation Dr. (5 Year Personal Property)I
RESOLUTION
NO. 1655 -88
Passed by the Common Council of the City of South Bend, India
Attest:
Clerk
Presented by me to the Mayor of the City of South Bend, Indiana
October
Approved and signed by me
11, 19 88.
October
of Common Council.
12, 19 88
City Clerk
Mayor
RESOLUTION NO. 1 Zw
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 2750 FOUNDATION DRIVE, AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY
TAX ABATEMENT FOR
CREATIVE GLASS, INC.
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 2750 Foundation Drive, South Bend,
Indiana, and which is more particularly described as follows:
A PART of the Southwest Quarter of Section 28, Township
38 North, Range 2 East, of the City of South Bend,
Indiana, being also a part of Lot 4 -3 of the Airport
Industrial Park - Phase III, and is described as
follows:
COMMENCING at the Southeast corner of the Southwest
Quarter of Section 28, Township 38 North, Range 2 East,
said point being at the centerline of Lathrop Drive;
thence South 89 057133" West (bearing assumed) along the
South line of the Southwest Quarter of said Section 28,
171.27 feet; thence North 00 000'47" East along the
centerline of Foundation Drive, 2178.77 feet; thence
South 89 °59'13" East, 40.0 feet to the Point of
Beginning; thence North 00 °00147" East, 234.09 feet;
thence South 89 °59'13" East, 450.00 feet; thence South
00 000147" West, 234.09 feet; thence North 89 °59113"
West, 450.00 feet to the Point of Beginning, and
containing 2.418 acres, more or less, and is subject tc
easements, restrictions, and or limitations of record
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 sea_, and;
WHEREAS, the Department of Economic Development has con-
cluded 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 the
Statement of Benefits form completed by the Petitioner meets 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, which satisfies the requirements of I.C. 6 -1.1- 12.1 -3.
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 1 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 -3 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 and hereby adopts a resolution designating this area as an Economic
Revitalization Area for purposes of personal property tax abatement.
SECTION V. The designation as an Economic Revitalization Area 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 shall be in full force and effect from
and after its adoption by the Common Council and approval by the Mayor.
Member of the Common Council
PRESENTED / O - / O - S'
NOT APPROVED
ADOPTED /U -/O a'
MAY
OBERFELL
LORBER
Attorneys at Law
Common Council
City of South Bend
4th Floor, County -City Building
South Bend, IN 46601
Dear Council:
Anhur A. May
Rohn J. Palmer
Awegals
James W. OhdeR
Maggie Mawby Chipman
Sump K. Dr U
John J. Imber
WendeU W. Walsh
Judy K. D.-i y
Job. H. Peddymrd
Le M. Cluk
Sedde K. MiUn
Tho J. HaU
D. Andrew Spalding
cedlm M. Cv n
E. SP. Walbn, Jr.
Patr E. Primmer
Admhd ,w
Jeffery A. Johnson
John K. Hamm
Earl W. Rnckner U
Jomph J. Jei n
September 20, 1988
Enclosed are petitions and related forms for real property and
personal property tax abatement for a new development in the
Airport Industrial Park. The real property is owned by Ted G.
and Debra K. Spear, and Peter and Judy M. Adams. The building
will be leased by Creative Glass, Inc. with an initial lease
term of 15 years. New equipment is to be purchased and owned
by Creative Glass, Inc.
Creative Glass, Inc. is a high volume manufacturer of custom
stained glass plaques for wholesale distribution. It sells
primarily to brewers, distillers, colleges and universities.
Its customers include Canadian Club, Corona Beer, Gallo Wines,
Guinness Import of Ireland, Heublein, Inc., PepsiCo and the
University of Notre Dame. The larger facility is necessary to
add a second production line to meet increased demand from
current customers and new sales that will result from .a recent
contract with the National Football League. Some of the new
equipment to be purchased will include ovens and printing
presses. This expansion will result in six new permanent full -
time jobs.
If there are any questions about the petitions or related forms
prior to the Council meeting, please do not hesitate to contact
me.
Very truly yours,
ohn H. Peddycord
JKH /mlp
Enclosures
300 North Michigan
South Bend, Indiana 46601
Telephone (219) 232 -2031
Fax (219) 2824344
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, which satisfies the requirements of I.C. 6 -1.1-
12.1-3.
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 1 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 -3 of the Indiana Code.
SECTION IV. The Common Council hereby accepts the report
and recommendation of the Human Resources and Economic Develop-
ment Committee that the area herein described be designated an
Economic Revitalization Area and hereby adopts a resolution
designating this area as an Economic Revitalization Area for
purposes of personal property tax abatement.
SECTION V. The designation as an Economic Revitalization
Area 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 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 shall be in full force and
effect from and after its adoption by the Common Council and
approval by the Mayor.
PRESENTED / v / 0 _2� 9
NOT APPROVED
ADOPTED
2
6�� A Ar%',Z�c
ber of the Common Council
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