09-27-99 Council Meeting Minutes

Home Browse Search

REGULAR MEETING SEPTEMBER 27. 1999 AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR MAVERICK PACKAGING, INC. 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 3702 West Sample Street, South Bend, Indiana, and which is more particularly described as follows: That part of the Northeast quarter of Section 16, T. 37 N., R. 2E., City of South Bend, St. Joseph County, which is described as: From the Northwest Corner of the East half of the Northeast quarter of said Section measure South 90 deg. 00 min. 00 sec. West along the North line of said Section 630 ft. and South 00 deg. 02 min. 31 sec. E., 40.00 ft. and north 90 deg. 00 min., 00 sec. East 300.02 ft. (300.00 ft. Record) and South 00 deg. 04 min. 00 sec. West, 579.33 ft. (S. 00 deg. 01 min. 52 sec. W., 579.125 ft., Record) and north 89 deg. 25 min. 13 sec. East 13.64 ft. (North 89 deg. 59 min. 13 sec. East 13.745 ft., Record) and South 00 deg. 00 min. 38 sec. east 280.27 ft to the Point of Beginning of this description; thence South 89 deg. 55 min. 49 sec. West along the North line of Industrial Ave. (now vacated), 159.99 ft.; thence South 00 deg. 03 min. 24 sec. West 400.60 ft.; thence South 89 deg. 55 min. 41 sec. East along the Northerly line of the New Jersey, Indiana and Illinois Railroad, 289.00 ft., thence North 00 deg. 03 min., 24 sec. East, 363.03 ft. (N.00 deg. 01 min. 48 sec. E. 364.55 ft., Record); thence North 89 deg. 56 min. 24 sec. West, 128.96 ft. (N. 89 deg. 55 min. 00 sec. 128.885 ft., Record) thence North 00 deg. 00 min. 38 Sec. West, 36.00 ft. (n. 00 deg. 02 min. 16 sec. W Record) to the Point of Beginning. Containing 2.5472 acres. and this property had Key Number 18- 35198- 09194, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et seq., and South Bend Municipal Code Sections 2 -76 et sea., 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 seq., and South Bend Municipal Code Sections 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 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. seq., 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.