HomeMy WebLinkAboutDesignating Tax Abatement - 2500 Green Tech Drive - Green Tech Transfer & Recycling LLCRESOLUTION
3781-07
Passed by the Common Counci! of the City of South Bend, Indiana
August 27, 20 07
Attest:
City Clerk
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
August 28, 20 07
Approved and signed by me
August 29
20 ~ ~ .
~~i"C"~- ~. ~--
City Clerk
RESOLUTION NO. .3 ~~I - ~ ~
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
2500 Green Tech Drive
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
(5) FIVE-YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
Green Tech Transfer & Recycling LLC
WHEREAS, a petition for personal property tax abatement consideration 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 2500 Green Tech Drive, South Bend,
Indiana, and which is more particularly described as follows:
That part of the Northeast Quarter of Section 23, Township 37 North, Range
2 East, Portage Township, City of South Bend, St Joseph County, Indiana,
which is described as Beginning at a point on the East line of said quarter
section which is N. 00 degrees-32"-42"E., 633.94 feet from the Southeast
corner of said Northeast Quarter, thence North 89 degrees-32'-08"W. a
distance of 513.91 feet; thence N. 00 degrees-37'-40" E. a distance of 92.64
feet; thence N. 89 degrees-32'-08 W. a distance of 280.00 feet; thence N. 00
degrees- 37'-40" E. a distance of 467.98 feet; thence S. 89 degrees-26'-14" E.
a distance of 197.94 feet, thence N. O1 degrees-49'-53" E. a distance of 32.63
feet; thence S. 89 degrees-15'-43" E. a distance of 46.11 feet; thence S. 89
degrees- 26'-14" E. a distance of 548.32 feet to the East line of said Northeast
Quarter, thence S. 00 degrees-32'-42" W. along said East line a distance of
591.88 feet to the point of beginning containing 10.05 acres.
and which has no Tax Key Number presently, be designated as an Economic Revitalization Area
under the provisions of Indiana Code 6-1.1-12.1 et sec ., and South Bend Municipal Code
Sections 2-76 et sey., and;
WHEREAS, the Department of Community and 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, et sec ., and South Bend Municipal Code Sections 2-76, et sey., 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 Community 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 pursuant to Indiana Code 6-
1.1-12.1-4.5 et sec ., that:
a. The estimate of the cost of the new manufacturing equipment is reasonable for
equipment of that type;
b. That the estimate of the number of individuals that will be employed or whose
employment will be retained by the Petitioner can reasonably be expected to
result from the proposed installation of new manufacturing equipment;
c. That the estimate of the annual salaries of those individuals that will be employed
or whose employment will be retained by the Petitioner can be reasonably
expected to result from the proposed installation of new manufacturing
equipment;
d. Any other benefits about which information was requested are benefits that can be
reasonably expected to result from the proposed new manufacturing equipment;
and
e. The totality of benefits is sufficient to justify the deduction requested.
SECTION II. The Common Council hereby determines and finds that the proposed new
manufacturing equipment can be reasonably expected to yield the benefits identified in the
Statement of Benefits as set forth in Sections 1 through 3 of the Petition for Personal Property
Tax Abatement Consideration and that Statement of Benefits form completed by the petitioner,
said form being prescribed by the State Board of Accounts, are sufficient to justify the deduction
granted under Indiana Code 6-1.1-12.1-4.5.
SECTION III. The Common Council hereby accepts the report and recommendation of the
Department of Community and Economic Development, and the Community and Economic
Development Committee's favorable recommendation, that the area herein described be
designated as an Economic Revitalization Area for purposes of personal property tax abatement
and hereby makes such a designation.
SECTION IV. 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.
2
SECTION V. 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 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 pursuant to
Indiana Code 5-3-1, said publication providing notice of the public hearing before the Common
Council on the proposed confirming of said declaration.
SECTION VII. 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 Co on Council
PRESENTED ~_Z~`~p,
NOT AppRO.-~p•
Filed nl Cierk's Office
AUG 1 5 2001
JO}iN VOOR7E
CITY CLERi~, S0_~ ~N'_
ADOPTED ~-"Zl -C~ ~
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred: .
BILL NO,
07-110 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 2500 GREEN
TECH DRIVE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A (5) FIVE-YEAR PERSONAL PROPERTY TAX
ABATEMENT FOR GREEN TECH TRANSFER & RECYCLING LLC
Respectfully report that they have examined the matter and that in their opinion, this bill is
being recommended to the full Council with a favorable recommendation.
Karen L. White
Chairperson