My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
06-25-01 Council Meeting Minutes
sbend
>
Public
>
Common Council
>
Minutes
>
Common Council Meeting Minutes
>
2001
>
06-25-01 Council Meeting Minutes
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/18/2013 10:37:42 AM
Creation date
4/18/2013 10:01:27 AM
Metadata
Fields
Template:
City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
6/25/2001
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
14
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
REGULAR MEETING JUNE 25, 2001 <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before <br />the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and <br />WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances <br />and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an economic revitalization <br />area have been met; and <br />WHEREAS, notwithstanding IC 6 -1.1 -12.1, the city may grant the assessed value deductions <br />described if, before July 1, 2001, both the property owner and the city complete all the procedures <br />required by IC 6 -1.1 -12.1 that would have been necessary to comply with IC 6 -1.1 -12.1 and for the <br />city to grant the deductions. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <br />Bend, Indiana, as follows: <br />SECTION I. The petitioner acknowledges that due to an inadvertent oversight, it did not file <br />a real property tax abatement request simultaneously with its personal property request which was <br />applied for on May 5, 1997 and approved as Resolution No. 2449 -97. The Common Council <br />pursuant to Section 2 -84 of the South Bend Municipal Code finds that ten (10) years is the <br />appropriate and rational time period for this tax abatement in light of the following: <br />A. The company is a long time South Bend business, currently employing 798 people <br />in its Aircraft Landing Systems division with an annual payroll in excess of <br />$50,000,000. <br />B. The company has invested over $7.5 million for the new building addition and has <br />or will be investing another $49 million in equipment. <br />C. The company has already seen employment growth of 18 new positions resulting <br />from the building addition and new equipment purchases. <br />D. The company is an anchor company in the 2nd Councilmanic district, and is a leading <br />corporation in the aircraft industry in the nation. <br />The Common Council hereby determines that the property owner is qualified for and is granted <br />property tax deduction for a period of ten (10) years. <br />SECTION II. The Common council hereby confirms its Declaratory Resolution designating the area <br />described herein as an Economic Revitalization Area for the purposes of tax abatement. Such <br />designation is for Real property tax abatement only and is limited to two (2) calendar years from the <br />date of adoption of the Declaratory Resolution by the Common Council. <br />SECTION III. The Common Council hereby determines that the property owner is qualified for and <br />is granted Real property tax deduction for a period of ten (10) years, and further determines that the <br />petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and <br />Indiana Code 6- 1.1 -12 et sea. <br />SECTION IV. Before July 1, 2001, the petitioner agrees to enter into aMemorandum of Agreement <br />with the City of South Bend that will specifically identify the terms and conditions of this abatement. <br />SECTION V. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayor, and shall be retroactive to May 5, 1997. <br />s /Charlotte Pfeifer <br />Member of the Common Council <br />
The URL can be used to link to this page
Your browser does not support the video tag.