HomeMy WebLinkAboutBill 16-26 Confirming 1265 Franklin, Catalyst Two Building, Ignition Park for a five (5) year personal property tax abatement227 W. JEFFERSON BOULEVARD
SUITE 1400 S.
SOUTH BEND, IN 46601 -1830
March 8, 2016
CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR
COMMUNITY INVESTMENT
SCOTT FORD, EXECUTIVE DIRECTOR
Council Member Gavin Ferlic, Chairperson
Community Investment Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
RE: Personal Property Tax Abatement Petition for: Spectron mrc, LLC.
Dear Council Member Ferlic:
PHONE: 574/235 -9371
FAx: 574/235 -9021
Please find the attached information pertaining to a personal property tax abatement
petition for Spectron mrc, LLC:
➢ Department of Community Investment's summary report
➢ Copy of the petition
➢ Statement of Benefits form
➢ Supporting information.
The report contains the Department's findings relative to the above petition. Spectron
mrc, LLC will be investing approximately $2,780,000 in the purchase of new
pharmaceutical equipment. Spectron mrc, LLC will be leasing space in the newly
constructed Ignition Park Catalyst Two building. The project meets the qualifications for
a (5) five year personal property tax abatement. A representative from Spectron mrc,
LLC will be available to meet with the Committee on Monday, March 14, 2016.
Should you or any of the other Council members have any questions concerning the
report, or need additional information, please feel free to call me at 235 -5823.
Sincerely,
001-4- l4&1
Aaron Kobb
Director of Economic Resources
Filed in Clerks
office
FMAR 9 2016 "f�t-I � OWLER
�Cl`ER; ?UT-H riEND, IN
PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES
PAMELA C. MEYER BRIAN PAWLOWSKI AARON KOBB
RESOLUTION NO.
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS
1265 Franklin, Catalyst Two Building, Ignition Park, South Bend, IN
46601
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A FIVE (5) YEAR PERSONAL
PROPERTY TAX ABATEMENT FOR
Spectron mrc, LLC
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
1265 Franklin, Catalyst Two Building, Ignition Park, South Bend, IN 46601 and which is
more particularly described as follows:
Business Personal Property
and which has Key Numbers to be assigned be designated 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
as shown by the attachment pursuant to Indiana Code 6- 1.1- 12.1 -17 and further
determines that the petition, the Memorandum of Agreement between the Petitioner and
the City of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6,
of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et seq.
SECTION III. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approved by the Mayor.
PUSEKRIA
NOT APPROV0
nDOPT6D
Member of the Common Council
Filed in Clerk's Office
MAR o92oi6
KAREEMAH FOWLER
CITY CI. FQK ROUTH BEND, IN