HomeMy WebLinkAboutConfirming the declaratory resolution designating 1265 Franklin, Catalyst Two Building, Ignition Park for a five (5) year real property tax abatement for Spectron mrc, LLCRESOLUTION
No. 4548 -16
Passed by the Common Council of the City of South Bend, Indiana
April 11, 2S 6
Attest:
Presented by me to the Mayor of the City of South Bend, Indiana
April 12, 2016
City Clerk
President of Common Council
City Clerk
Approved and signed by me 'v' / 20 / .
RESOLUTION NO. 4 64W-1 ti
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.
PRESENTED
NOT APPROVO
0,DOPT6D %III!lo
Member o e ommon Council
Filed in Clerk's Office
MAR 0 9 2016
KAREEMAH FOWLER
CITY Ct. FRK SOUTH BEND, IN